Thank You everyone for chiming in on the topic of cancellation of commons. I appreciate all of the work that was down to get down to the explanations and the theories of the sort.
I started the topic, because I had been hearing chatter about the WMI money being returned and the reorg plan. I did not and do not want to cast doubt into any shareholders minds, that was not the intention. The intention was to get the variable straight and to the point about a scenario or situation that would result in that event.
The NOL"s "run with the company" as I am lead to believe, they are the main catalyst for keeping share structure intact. If WMI was merged into another company, the NOL's (just like the easements on property) would run with the new company. If a buyout occurred, I am under the understanding that the NOL"s would be significantly decreased and not be as valuable. Could someone clarify this please?
As for the volume and spike in PPS. Read my post last night where I said tomorrow starts the run up to .12 for commons. We should see abouve $24 for P's and maybe .75 for K's and H's might find $10 all on the expectation of June 24th decision time.
Once a fair judge rules, the ruling can not be undone, unless she so orders it. As a poster said "JPM would have shot themselves in the foot" Let's hope the bullet hits an artery!!
As for claim #10 P and A voidable because of Fraudulent Transfer. That could be provable and executed by the court. We would have a ball after that ! Champagne Everyone. Party is in Seattle at JPM skyscraper (formally WAMU) headquarters !!
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