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rockie101

04/29/10 11:27 PM

#193862 RE: es1 #193859

IS THIS PRE AND POST SHARE CRAP EVER GOING TO STOP ?
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SlyOne

04/30/10 1:01 AM

#193876 RE: es1 #193859

Dont you agree that the above is true since the whole market system is based on the risk vs reward foundation?



No, not when fraud is involved. JMW has the ability to correct this with the settlement.

If someone buys on 3/30/10 and sell 4/29/10, what they get paid is their return.

If someone buys on 9/1/08 and sold on 9/24/08, they get paid is their return.

On the above everyone should agree.

Now, if there is a settlement and how its structured will determine Q's PPS. There could be payments made to eliminate FC claims against JPM and FDIC. Again see previous post.

If someone buys on 9/1/2008 and still holds today, they have lost money and were affected by FC on 9/26/2008, they were affected by lost earnings from 9/26/2008. They could be paid twice if there is a fraud settlement and again for lost earnings.

If someone buy on 9/1/2008 and sells on 12/1/2008, and then buys back the same amount of share as 9/1/2008 on 4/29/2010. Well since there was no settlement from 12/1/2008 to 4/29/2010, they could be paid twice if there is fraud settlement. The person that held the shares 11/1/2008 to 4/29/2010, simply get their return. They gave up the payout from the lost earnings, if it ever shows up.

The above all is based on:
1) IF THERE IS A SETTLEMENT
2) IF THERE IS FRAUD CONVEYENCE (FC)
3) IF PAYMENTS ELIMINATES FC FOR JPM/FDIC.
4) IF THERE IS A SEPARATE PAYMENT FOR LOST EARNINGS


If there a settlement for just lost earnings, expect a lot less in settlements. The big nut is FC.

Now, What if the JMW rules on these:
1) rules favorably on $4 bil SJ for WMI
2) rules that FDIC should pay $1.9 bil to WMI


Since, there is no settlement! This was a ruling. The moneys would go to WMI coffers. The PPS would rise. The owners on 9/25/2008 get nothing. (Unless she states that its for them, not likely. It should be for current company.) The A>L get adjusted, and maybe there is renewed settlement talks now that the scope has narrowed.

So in a nutshell, the payments structure will determine who wins and who loses. There is no guarantee. (So, people can rant and rave about the pps goals all they want.)