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sometimes_right

04/30/09 10:59 PM

#8689 RE: Wamook #8688

with $4+ BILLION in CASH the shares will not be canceled & WMI will emerge from Chapter 11 according to their reorganization plan - not yet filed (if they don't get merged/bought out beforehand)... as the VAST majority of the debt is long term bonds which mature in 2041 and don't necessarily have to be paid-off immediately... imo
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rockie101

04/30/09 11:12 PM

#8690 RE: Wamook #8688

Wamook....you make me feel like selling my shares.
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amc

04/30/09 11:44 PM

#8692 RE: Wamook #8688

Does anyone not read the fine print anymore? These have to be filed each month to comply with bankruptcy laws, they are not accurate, nor complete, nor audited.

"The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with Generally Accepted Accounting Principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results."

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amc

05/01/09 12:03 AM

#8694 RE: Wamook #8688

Also, did you miss the $4.8B in cash listed?
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Chiron

05/01/09 12:05 AM

#8695 RE: Wamook #8688

Somebody missed the run. It's not too late, fire sale at $28 right now.