"I'm sorry but the smart thing to do would be take any gain you can right now because when the judgement comes expected common shares to be worth absolutely nothing."
ehh you're the first person here to say this....
this is your first post and you joined the forums today....
MST, I can see you are new here and I'm wondering if you didn't read all the fine information my fellow board members have posted.
This is not your standard BK case. The reason we are in BK is because WMI had their child companies stolen away. WMI had to file for BK protection so they could regain what was theirs or at least the value of what was there.
The bonds that WaMu had are not the responsibilities of WMI the parent corporation and any claims on them need to go to the FDIC/JPM.
When WMI is compensated for what was stolen assets will be greater than liabilities and the common holder will be paid.
Again welcome aboard and I hope you enjoy youir stay here
Many of the claims against WMI have been withdrawn or will be withdrawn because they should have been filed against the new owner of Washington Mutual Bank (WMB) - JP Morgan.
lol what? how much time did you spend dding this one? better read up some more. thanks for your genuine concern for all of us here on the board but will be ok really we will
really?! Well, if any of the speculation on this board in the past week about whether JPMC agents are/were also buying WAMUQ over the past week in order to mitigate some of the loss from any possible settlement is correct, I wouldn't be so sure about that. Why would they buy any shares of a stock they know is going to be worthless? They certainly don't need the loss. Furthermore, if that speculation is correct it would also give creedence to the pre-seizure/post seizure common shares being treated the same. JMO
As far as "burning shares to keep warm" what will SHORTY burn to keep warm? Oh yeah, all of their cash! Welcome to the board and it's good to see you. It means we're ON TRACK. :)
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