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Sunday, January 09, 2011 10:52:21 AM
With the major announcement FINALLY made-POR denied the real case can now start since the EC was fourteen months behind the original filing of the WMI Chapter 11 case. Regardless of what the naysayer’s say the POR is denied, so what the Judge said in her opinion-means nothing without facts IMHO. With that said, this Friday’s ruling was the trigger to make them serious and I am sure this weekend the Susman team is very busy.
Even though Rosebud is still in control-he is for practical purposes not in control at all. The EC through Susman has been busy with PJS for the last 9-12 months gathering data, facts, filing and more to prove this once giant of a corporation called WaMu will prove once and for all this company was/is worth more now than ever due to the tax law change (NOLs), refunds and more. When you look at all of our due diligence and the infamous Dr. A. valuation of 54 billion, unjust enrichment, the total Estate, infringement and much more you will see why I believe the following is in fact very true.
I believe JPM/FDIC and all of the rest of the criminals only have one way out and that is to buy WMI, lock stock and barrel including all current and future litigation. This could happen with zero cash and may be what JPM has building toward, knowing we may not want to sell the rest of the company. Since they have many people hear thinking if they got a dollar a share, they would think what a deal and sell in a heartbeat. That is TOTALLY wrong as WMI just gained a HUGE advantage-what happens to the criminals if Susman/PJS actually shows the correct and exact valuation.
This would shock Wall Street, the entire financial world community and anybody that has a sense of business savvy, this would make the entire US population go berserk in a negative way and that is why JPM must offer a 3 to 1 stock swap to make this go away, lock stock and barrel. Yes, I know this is over $120.00 a share, but at least a third of this will be lost in dilution, which has to be figured in. All preferred stock will be assumed and probably with no back interest or other as anybody at this point would gladly accept.
Recent COOP News
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