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

http://ghostofwamu.com/forum/index.php?topic=3827.0;topicseen

:) :) :)

Veo al foro muy risueño. Es como que veo sonrisas nerviosas por el miedo que cunde. Se acabaron los tic tac tac vamos por los billones. Espero que todo termine bien pero que dificil se esta tornando esto!!!

Mr., veo que le gusta la salchicha...disfrutela pues.

Juanpi no seas tocapelotas :) que parece que aqui no se pueden gastar bromas!!! Creia que conocias a Dimon :)

PD: Esto lo han publicado antes de ser censurado los amigos de USA

Yo viendo la cotización de hoy y la cancelación del lunes, pienso que mañana retraso para los 4 bill y por eso han cancelado lo del lunes. Ahi queda dicho...

Si gano mr_simpson ya sería la segunda apuesta,... tendremos que ir pensando en apostarnos algo ;)

Saludos

El lunes 15 marzo tenemos vía libre para poner 2 directivos por los derechos de las acciones Preferentes si no ocurre algo antes. Mucha coincidencia no?

WAMPQ
Prospectus Supplement to Prospectus Dated January 9, 2006
3,000,000 Shares 7.75% SERIES R NON-CUMULATIVE PERPETUAL CONVERTIBLE PREFERRED STOCK
http://www.sec.gov/Archives/edgar/data/933136/000095013407025343/v36123b2e424b5.htm

Page S-4:
Dividends
Dividends on the Series R Preferred Stock will be payable quarterly if, when and as declared by our board of directors out of legally available funds at an annual rate of 7.75% on the per share liquidation preference of $1,000 per share. Dividends on the Series R Preferred Stock will be non-cumulative. If for any reason our board of directors does not declare full cash dividends on the Series R Preferred Stock for a quarterly dividend period, we will have no obligation to pay any dividends for that period, whether or not our board of directors declares dividends on the Series R Preferred Stock for any subsequent dividend period.

Dividend Payment Dates
March 15, June 15, September 15 and December 15 of each year (or the following business day if such date is not a business day), commencing on March 15, 2008.

Page S-7:
Voting Rights
Holders of the Series R Preferred Stock will have no voting rights, except with respect to certain fundamental changes in the terms of the Series R Preferred Stock and certain other matters. In addition, if dividends on the Series R Preferred Stock are not paid in full for six dividend periods, whether consecutive or not, the holders of Series R Preferred Stock, acting as a class with any other parity securities having similar voting rights, will have the right to elect two directors to our board. The terms of office of these directors will end when we have paid or set aside for payment full quarterly dividends for four consecutive dividend periods. See “Description of Series R Preferred Stock — Voting Rights.”

From page 1:
The dividend payment dates will the 15th day of each March, June, September and December, commencing on March 15, 2008, or the next business day if any such day is not a business day.

Potential dividend payment dates through this month (march 2010):
03/15/10
12/15/09
09/15/09
06/15/09
03/15/09
12/15/08
09/15/08 <= confirmed: last dividend payment***
06/15/08
03/15/08 (first scheduled payment)

Counting back dividend payment due dates, if the first missed dividend payment was 12/15/08 then the sixth missed payment occurs in about 10 days (3/15/10).

If the first missed dividend payment was 09/15/08 then there have already been six missed payments and the preferred shares already have the right to elect two members to the board of directors.

--------------------------------------------------------------------------------

WAMKQ:
Prospectus Supplement dated September 11, 2006
20,000,000 Depositary Shares Each Representing a 1/40,000th Interest in a Share of Series K Perpetual Non-Cumulative Floating Rate Preferred Stock
http://www.sec.gov/Archives/edgar/data/933136/000095012406005225/v23402b5e424b5.htm

Page S-3:
Voting Rights
Holders of the Series K Preferred Stock will have no voting rights, except with respect to certain fundamental changes in the terms of the Series K Preferred Stock and certain other matters. In addition, if dividends on the Series K Preferred Stock are not paid in full for six dividend periods, the holders of Series K Preferred Stock, acting as a class with any other parity securities having similar voting rights, will have the right to elect two directors to our board. The terms of office of these directors will end when we have paid or set aside for payment full dividends for four consecutive dividend periods.

Dividend payments for WAMKQ were scheduled for:
03/15/10
12/15/09
09/15/09
06/15/09
03/15/09
12/15/08
09/15/08 <= confirmed: last dividend payment***
06/15/08
03/15/08
12/15/07
09/15/07
06/15/07
03/15/07
12/15/06 (first scheduled payment)

--------------------------------------------------------------------------------

Information about actual dividend payments made and missed:
I have now (3/8) found two independent sources which confirm that the last dividend payment made was on 9/15/08 for both Ps and Ks:
(1) A Ghost board member who owned Ks pre-seizure says that he received a dividend payment on 9/15/08, and has received none since then.
(2) I contacted Joele Frank in NY and talked to Aaron Pilash. He pulled up the dividend payment history for both shares and said that, for each, dividend payments were made on 9/15/08, and none since then.

The bottom line: in one week, on 3/15/10, a dividend payment is scheduled for Ps and Ks. This payment will not be made, and this will be the 6th missed dividend payment for each of the preferred shares. This should trigger the right of the preferred shares, acting as a class, to elect two directors to the WMI board.

The remaining question in my mind: is the EC going to initiate this special election, or should be be figuring out how to get this done?

Yo creo que no se van a retrasar,la cotizacion hubiera caido hasta lo 0,30.
Hay queser un poco mas OPTIMISTAS.Un saludo Maxi