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Bizreader

05/31/09 4:31 PM

#74565 RE: Chivito #74564


yes and yes. But don't take my word for it.

Good news defined: that which will help assure a rise in the price per share.

Some people sell on good news.

Between now and June 24th Judge Walrath has said, on public record, that she intends to rule on whether WMI gets the 4 billion on deposit at JPM or not.

If WMI does get that money to use then it will be in a much better position to do business profitably. Therefore, more buying of it's shares, even though it is in BK, will most likely occur. Buying will increase the share price. IMHO.



hfields

05/31/09 4:35 PM

#74566 RE: Chivito #74564

4 bil summary judgement by Walrath coming to a theatre near you very soon.