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Bizreader

08/26/09 9:51 PM

#89205 RE: WG1mil #89201

No doubt, WMI stated they planned to be out of BK by the third quarter. Which part of the third quarter was not defined but a plan is a plan. It isn't what is necessarily happening.

Judge Sleet's decision, the deposition results and process, and basically the omnibus hearing agendas are all we have in writing to indicate items of business.

Fact: the parties are working on settlement details. They might conclude at any time and then there would be an announcement. If that happens I guess the judge has to agree. I don't actually know what a time line to a change in stock price would be if all parties reached a complete agreement in writing on all issues.

jhdf51

08/26/09 10:02 PM

#89210 RE: WG1mil #89201

WG..yes I do remember that.

freemarket

08/26/09 10:02 PM

#89211 RE: WG1mil #89201

That statement is true but the court delays I beleive are going to push those dates further out unless we get a settlement soon. I for one think the court system is a sideshow. Reason nothing gets done just pushed off wish I was makeing 200,000 plus a year to listen to peoples bull shit. Then say Ill rule next month and then next month comes and goes. Just like the 4 billion what happened to that. That should have been done with already. For the people on the inside this may be fun but for us outsiders this is getting to old. We are wasteing tax payer dollars court time and WAMUs money.