jhdf51 you said "Experience in these situations as an investor"
I dont believe anyone including yourself has experienced a situation like WAMU... This is a first and probably the last at least in my lifetime... Do you wear a helmet or something?
So what you are saying is ... because something has happened X number of times before there is 0 possibility of another outcome happening?
If you truly believe that sentiment you probably wouldn't buy pink sheet stocks at all because the percentages and trends tell us that most pinks are down far more often than they are up. If thats not your cup of tea I understand, but who are you trying to convince? The longs and the believers aren't going to change their mind simply because you say so, and those that don't believe are only going to be convinced if the price does indeed go up.
Great, but what is your experience as a courtroom attorney or as the experts hired by those attorneys to calculate value.....NONE!
You also forget that as part of the damages that Weil and Quinn will ask for is a value attached to the present value (or cost to replace) a bank with over 2200 locations that took almost 120 years to build up from scratch.
How much would it cost to duplicate that starting today from scratch....many hundreds of billions perhaps?
This is one part of the damages that will be presented to a jury if it goes that far
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