If EC/Rosen Working Together, How could there be any type of revised POR/DS that we would see (publicly) that the EC would disagree with??
If behind the scenes negotiation is going on, it would seem to me that Rosen suggests, EC rejects and so on until something concrete is agreed on or not....
So... I have a hard time believing that we will not see anything but a final offer that is acceptable to all or the need to have the examiner as negotiations failed miserably and the EC takes it up several levels...
My hope is that the threat of the examiner makes this time of mutually seeking settlement into something where the games stop and a serious offer is put on the table....
Bob, that isn't written in stone until an order gets signed.. I expect the opposition to try to get that date moved. I wouldn't think Walrath (if she ultimately rules on this) would have any issue with the original date, but that's a WAG.
IMHO the first one WILL NOT BE a real one(stupid move) so we may still see one prior to the 8th.
Now if any ever comes that is a REAL ONE or a realistic one ,YOU'LL IMHO never see it .
We will either close a day and be halted or not open one morning halted........
IMHO they can NOT allow this to trade using numbers of a settlement to set share price.
"It will happen this way. You may be walking. Maybe the first sunny day of the spring. And a car will slow beside you, and a door will open, and someone you know, maybe even trust, will get out of the car. And he will smile, a becoming smile. But he will leave open the door of the car and offer to give you a lift."
Bob, I agree...
I would think this prospect would be a very very very scary possibility for the shorts and the naked shorts.
Given everything I have heard lately, I am utterly surprised that the PPS of all the WMI securities have not gone up significantly. If this is attributable to "MM Marching orders to keep the price down until............" then I'd think a settlement is not imminent.
But when I think of all the times I have been "caught off guard" over the last 20 months -- I really think there's no telling the next big "who, what, when, where and why" in this saga.
Hence, got cake, got chair, wait it out.
The EXAMINER is a VERY VERY scary thought for the FDIC, JPM, BOD (WMI), Rosen, Quinn and many many others (the masters controlling the puppets).
I would not be surprised to see a real offer, on that the EC will accept within a very short amount of time.
If not the UST will push THJMW very very hard to get an Examiner on this case right after July 8th.
This could be over by the next ominbus!!!
As a reminder, all may recall at the next to last omnibus when Rosen was pushing WMI's "discovery plan", that as soon as THJMW started talking about reconsidering her motion to deny an examiner, Rosen took a time-out, requested the hearing take a break and Rosen got his orders from on high and then immediately withdrew WMI's entire Discovery plan. Like wow, something scared the heck out of them.