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cubman719

08/01/09 12:01 PM

#84439 RE: ABIGIDIOT #84434

"is that, if wmi exits bk before settlement, or... if its settled after wmi exits bk....

that TPG will just let their 230 or 280 (can never rememb.) million shares just go up in smoke????"

Not saying it is going to happen, don't want to see it happen, but we all have to relize...

IT IS A POSSIBILITY. commons could get cancelled.

This is WHY we need our equity committee. To PREVENT this from happening.
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Stock Vader

08/01/09 12:06 PM

#84440 RE: ABIGIDIOT #84434

The TPG angle here is probably the biggest safety net for commons. The only thing I fear is TPG negotiating a side deal with JPIG and the FDIMwits.