Hey Gomer, today is 3/1/2012-What we do now?
Wow, one has to really love that article about Newco. It is about a vague as everything we have been told before. How many lies, what are they hiding and what is Newco REALLY going to do? Interesting, anybody who thinks we exit chapter 11 on 2/29/2012 and then all of a sudden, “well Gomer what are we going to do" post chapter 11 now that it is 3/1/2012? Do you have a plan or what are we doing? Does this sound strange to anybody or very good? Obviously, the way I think and the way these Criminals operate, this is extremely good! What is the big secret and what is the hidden agenda? There is no way these people do not have a business plan in the way they fought for this Newco and not to mention I did NOT read a word about TPS's 700 page report filed on 2/3/2012.
The article talks about billions upon billions of dollars but yet this company is only worth a sliver. This is pretty amazing and no doubt that JPM legal department has to read everything before this slanted news organization is able to print it regarding WaMu. Think about TPS for a minute and even though they filed a 700 page filing on what the law says and basically directing this court to what their intentions are, there is nothing in this slanted news article about how they could get this stayed. There is no doub,t TPS has connections also, so look for this deal to still go through on the aforementioned dates, but there IMHO, will be some huge twists coming. I look for TPS to get this mess “stayed” but JPM/FDIC cannot afford to let this deal slip away even if they have to “pony up” assets and cash to the tune of possibly billions of dollars in cash, stock or assets. This is far from over as a “sliver” of the previous company going forward. One way or another, we are in for very profitable and exciting times in the next several months.
I also feel the real reason the real negotiating by TPS is not done yet, is JPM/FDIC wanted to wait until all of the shares were past the date (2/9) to be eligible for the reorganized shares to prevent runs in the old equity. Look for the "REAL DEAL" by TPS and directly being very positive for the Newco going forward. Look for the serious negotiating by TPS and the FDIC/JPM to be between 2/10/2012 and 2/16/2012 and this deal to still go through as planned!
