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climberprof

04/21/09 9:56 AM

#64750 RE: freddy80 #64749

That is a possibility, at least theoretically on the paper.
I really do not think it will happen but what do I know anyway? I am guessing like everyone else.

It could be better stop watching the pps untill the 25th.
I cannot sell (my average is ~ $1pps) and I cannot buy more (no extra $$s yet) anyway.

Best
Climber
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rattlewatch

04/21/09 10:07 AM

#64754 RE: freddy80 #64749

Slim to none.Not until the WMI vs FDIC lawsuit is settled,it's a potential asset for the common shareholders.However if it did happen ,a class action would surely be filed, shareholders vs WMI(assuming an eventual positive outcome of the WMI/FDIC suit).

Also not expecting any reorg plan ,but if one comes out it'll include commons,just for the reasons above,all imo.

gl
rw
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rockie101

04/21/09 10:11 AM

#64756 RE: freddy80 #64749

I don't think anyone has any way of knowing.....a plus... I think... they know that a great deal of harm was done in the take over.... people were wiped out....so if they cancel the commons lot more people will be hurt.....then again that may not matter if that's what has to be done.