Washington Mutual demanda a la FDIC por 17 billones US$ + daños

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=658143&mid=658143&tof=16&frt=2#658143

POR denegado, al loro que no estamos tan mal...

Yo no vendí, sino que compré más a 10.30 y 12 así que estoy bastante contento. A ver qué pasa el lunes.

Muy buena compra... como dice la famosa frase...

"Cuando haya sangre en las calles COMPRA !!!!"

Ahora hay que dejar correr el tren hasta la próxima parada

El problema de estas acciones es que pasas de plusvalias a minusvalias o viceversa en un santiamen y la clave estaba en salirse antes aun en parte y no esperar el pelotazo bopfaniano.

Foreros que compraron comunes a 0.06 hace casi 2 años han visto multiplicar por 12 y ahora estan igual, además con la variante de poder perderlo todo en un mazazo de la juez. No digamos los que han comprado muy por encima que hay bastantes.

A toro pasado es fácil decirlo. Si acertaramos en todo lo ocurrido hubieramos sido o unos lumbreras o unos insiders. Los que compraron las P´s a $1 no se han equivocado, ni los que compraron a $3, $5, $10 y mañana igual te digo incluso los que las compraron a $20 (mi ultimo paquete)

Se han equivocado los que compraron comunes en la subida y los que vendieron el día del fatidico fallo del examiner.

Te recuerdo mi historia promedie cuando todo estaba perdido pq analice la situación y nada encajaba dentro de la lógica al igual que el informe del examiner.

Paciencia Venerando, creo que vas a recuperar lo que vendiste.

Por otra parte la recompensa por estar comprado hay que valorar si compensa.

Han rechazado el POR y debido que no es un aniquilacion total del mismo y no atribuye nada a la equidad resulta que no sabemos ni tan siquiera que pasará el lunes, sin embargo si llega a aprobar el POR, los comprados estarian cagados pata abajo por el esperado desplome que habría el lunes.

Solo la inclusión de un trustee que favoreciera a los accionistas mediante movimientos como presentar valoraciones o activación de demandas a la FDIC-JPM haría subir las acciones fuertemente pero con estas imprecisiones de la Juez, la equidad esta siempre con la espada de Damocles pendiendo de un hilo en su contra.

I think we are OK.

The current POR 6, as it is, is dead now.

It has to get some modifications if it wants to get passed.

A couple of interesting points for us (equity):

1.- page 18:
"The Court agrees with the Plan Objectors: each part of the
settlement must be evaluated to determine whether the settlement
as a whole is reasonable."

2.- page 100 (about the Debtors NOL valuation of 100 million being now 5 billion):
"Therefore, the Court cannot accept, as the Plan Supporters
contend, that the rights offering is of no value."

3.- page 101 (about the PIERS)
"If WMCT 2001 was merged into WMI, then the PIERS claims could be
viewed as equity."

point 1: I guess it's time for a valuation hearing. Do you want to bet if we discover that the Debtors had undervaluated/hidden assets? I guess some more money will appear here.

Point 2: 5 billion NOLs instead of 100 million... uuuhhh Rosen, what're you gonna do with them? Can't hide them now!!

point 3: PIERS could fall down to be equity, so the waterfall would start sooner falling over the Preferreds... WAS WMCT 2001 merged into WMI??? ANYBODY??

Guess, overall, we are better now, even though I got some sour taste on Walrath's opinion...

The coalition among WMI, JPM, and the FDIC was always weak and was made weaker yesterday by the court's refusal to approve third party releases and her rejection of the opt in/out mechanism.

Moreover, there's the little problem of the Hs, Tepper's gateway to control of the reorganized company. Retail, which I understand may control a third of Hs, now has a place at the table since the $2MM limit was rejected.

However, the Hs are now in jeopardy as the court said they may be preferreds, and therefore lumped into class 19. This is a disaster for Tepper as WMB noteholders would rank above him, thereby obtaining the fruits of his machinations.

As I wrote yesterday, WMI and Tepper have to figure a way to jettison the WMB noteholders they brought to the table to destroy equity. The WMB noteholders won't go away quietly, so I expect Rosen has a card up his sleeve for dealing with them.

The issue of the Hs being linked to preferreds is not so easily disposed of. In fact, it can't be disposed of at all. Coupled with the problem of the releases, things are very difficult for WMI and Tepper -- which is precisely what the court obviously wanted.