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  • investwisely1234 investwisely1234 May 14, 2010 11:33 AM Flag

    EC FILING objection

    NO where in the filing did i read any statement that says the equity holders ( WAMUQ) have any say so or rights to some share of the money granted to date or to be granted in A>L..

    Any comments please

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    • In A>L, two things can happen. Bank is reinstated as Washington Mutual, meaning share price goes up. Or, bank is bought out, meaning each share has some value, which I would assume at this point would be more than .14.

      • 1 Reply to mkmccune1
      • Thank you MKM, no that many have filed objections and 99% of them dont like what has been put on the table.

        I am sure Judge knew that but yet she has played along with Rosen, who has been tellting her that everyone has agreed to the settelment which he put in the table on Mar12 hearing..

        Last week she blew the EC off about getting third party to do the discovery.

        Question is will she again throw us out by saying you guys are wasting time and the discovery has already been done and the money you are given is all you have, so take it and go away.

        In otherwords I am losing faith in our Judge to make a rational decision or force the parties to sit down and include all classes in the deal..

        Can that be a possibility, JPM will not give any thing to us unless Judge rules in our favor.

0.0010.0000(0.00%)Mar 13 2:55 PMEDT