dshngmike1978 -- There have been a number of us, including myself (who enjoys reading more than posting) that have expressed our concerns about BR anr 3/12 repeating itself. Therein lies our speculation.
All we know is that certain aspects of this have been put on hold (depositions, objection for EC, etc) for a reason stated as negotiations. Obviously BR can pull the "negotiations broke down" sunt and possibly make some money for shorts yet again. What we don't know yet is what forcved BR into the negotiations.
If we ever find that out, that would help out cause. We may never find out, just that a deal was done and we get X per share, y per preferred and Z in new company. Most of us here got at least somewhat burned on 3/12 if not prior to BK and have either hopefully made some $ on the few up ticks between then and now or are holding to whatever end there is.
My sincere hope is that whatever Susman/Solomon have is enough to force BR to end this soon. That's what I am betting on at this point. Not adding, but holding 100,000 at average .13 and some of all preferred, down about 20% after yesterday. The way this case has gone, while I have hoped for agood outcome, I basically counted my money gone.
Most of us aren't pulling people in, just sharing some good news that actually helps us possibly see a light at the end of the tunnel. Many of us still believe that WAMU has illegally purchased, and have invested to see both finacial gain and justice done. Have you read the over 700 objections to the initial POR and the countless DD posted here over the past 2 1/2 years? There are many more bashers than pumpers. Most people pumping this "dead stock" are simply showing their believe that we will win the end, regardless of the sometimes entertaining values per share we see here. Most bashers are paid to be here. Why would anyone spend their time on a messsage board mocking and criticizing other peoples investments unless they are paid to do it. Those that own the stock are for the most part doing their DD to help solidify their decisions or help themselves to realize they may not have made the best investment choices. I am personally grateful and appreciative of those who share their DD with the rest of us.
AS I am typing this novel, I just had a thought that I would personally rather read a book by Kristen Grind about people like UZ, CATZ, Jest, MOrdicai and so many others, and those that go to the hearings and text or report and DanBB who spens his own money so we may all take part in the hearings of IMO great historical importance, than one about what led to the downfall of WAMU.
I fortunately have been blessed enough that I can make a decision to "let it ride" here and feel comfortable with it. I of course also treasure the comments of those who have experience and want to issue a caution to be realistic with our expectations, such as your well thought oout post appears to be.
