News Focus
News Focus
Followers 93
Posts 5667
Boards Moderated 0
Alias Born 02/26/2006

Re: ID Supermoney post# 234491

Friday, 09/03/2010 3:19:46 AM

Friday, September 03, 2010 3:19:46 AM

Post# of 749756
Hmmm. Seems the question needs to be refined a bit. From the way you asked it, I would say, "Yes". LOL I think it depends on the issue being ruled on in the Colonial Case and if any of the issue in the Colonial proceedings mirror issues that are unresolved in the WAMUQ proceedings.

I posted a few days ago regarding the "Equity Sexurity Holders Reservation of Rights Regarding Certification of Counsel Regarding Stipulation Regarding Establishment of Segregated Account" in the WAMUQ case as it applied to the NOLs. The Colonial Case seems to be creating the precedent for the WAMUQ segregated account as is mentioned in their 8-K.

Washington Mutual Case - Reservation of Rights:
http://www.kccllc.net/documents/0812229/0812229100827000000000005.pdf

Colonial Bancgroup 8-K:
(http://in.us.biz.yahoo.com/e/100826/cbcdq.pk8-k.html)

See my earlier post here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53834173

I guess what I am saying is that I believe the Colonial Bankgroup case is clearly relevant as suggested in my earlier post.

Good luck ID

-Jest

NOTE: Do not make investment decisions based on the information provided in my posts; past, present, or future.

As Always: "Trust But Verify" -Ronald Reagan

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today