Excuse me but SVFC has placed the required amount in Escrow. No explain to me just how this is going to work if the court decides the parties to be paid and orders said party to accept payment ? Does this mean you still intend to auction all of the company?
Likewise you have been ordered not to disturb the status quo of the company. This would include broadcasting the auction as well.
Should be another 3+ million shares available for and average price of .035 before it moves anywhere.
Didn’t he just complete the theft of between 20 and 40 billion dollars from WM and announce a share buy back program with an increase in the Dividend paid. Kind a sort a makes you go Hummmmm, doesn’t it? 2 billion , thats nothing to this joker, it just looks big in the news.
Gov ; JPM could not win nor should they even ask the court to decide. I say WMI takes the money and laughs joyfully. Let JPM ask a court to complete a crime, it could happen I know we just watched it happen. This time it won’t be in a bankruptcy court, and it will be in the public eye; another to big too fail bank stealing public money.
I see there are a lot of dummycrats rating your post. I must admit the title brought me here to give it a one star but you got 5 from me. I guess the truth just hurts the dummycrats too much.
Bet; the law you seek will be found under contract law. If you sign a contract that says you release them from liability, then you release them period. Now the question of enforceability comes down to duress. In reality there is no duress because there is no threat, other than to lose your claim, and in reality you have no claim because as a stock holder you only own a portion of the company and you not being a majority owner , you must abide by the majorities’ decision. It is the company that owns the claim, not every individual partial owner.
Close; as I recall anyone owning more than 4.5% was to report their position to the court and any changes there after. I also don’t believe this ruling has been followed to the letter, but then if they knew of the additional 1.1 billion shares and I didn’t that’s a lot of shares that can be hidden across the board. After all 4.5 million shares X’s how many funds?
This was never a short position. Anyone remember TPG and their deal to allow dilution; they traded their securities for common shares and gave KK the big boot. Now my guess is: because these shares never showed in the filings, they were issued but never finished the filling and that is the number one reason the commons must be wiped out. I remember reading an article where TPG filed for a 75% loss on their investment. This would be about right as in the days preceding the seizure the stock was in the $2.00 range and they could have sold out when the afterhours trading was extended. $2.00 is right at 75% of $8.00; TPG’s price.
It may be a good idea to get the Estate to show the filling and acceptance of all securities included in the settlement from the SEC. Check the dates.
I am sorry Gov I had to give you only 4 stars; if you had just left out that part of go Cowboys it would defiantly been a 5er.
Ron I would like to point out that most of that is from all the fruits and nuts that moved up here from California in the mid 80’s through the 90’s; prior to that there was most defiantly a spirit of freedom and independence just ask any logger that has lost his livelihood as a result of all the environmentalist that have moved up here. Just look at the schools that received a percentage from every tree logged and sold; today they must go to the voter every year for a special election and funding. Thank you Spotted Owl an endangered species, well not really they are a highbred of two different owls that were thought incapable of procreation. So the question begged are they new spotted owls or are they from spotted owls already in existence; and are they really endangered or should they even be allowed to exit? That’s right evolution happens and we end the livelihood of 10’s of thousands and takeaway from the funding of our schools. I personally blame the condition of the Northwest on the Fruits and nuts from California.
I also read where TPG’s investment amounted to a little more than a billion dollars and the rest belonged too their investors’; the bulk of it from a Chinese bank. That would mean TPG picked up a profit when they sold out and that TPG is getting the rest off the money from the FED by way of write offs and the Chinese are just out of the money. This would hold true if TPG turned over everything they made that fateful evening to the Chinese. Had TPG turned over the funds from selling off they would have only turned over 1.8 billion dollars and they would have kept around 5.4 billion in write offs. This would give them roughly 1.75 billion dollars a year tax free profits they can keep in this country for 5 years with out fear of hiding anything somewhere else.
It seems to me that I read where TPG took a 75% write off on their WMI investment the following year; my apologies I have been trying to find the link but have not found it.
It would seem plausible to me that TPG sold out during the after hour trading the evening of the seizure and definitely tried for the make whole payment, but due to the timing of the theft; Project West may have left them out in the cold, that and the fact separating JPM and a penny can prove quite difficult, and that is why they took the write off. Either way it would seem there was definitely some questionable business going on if a TPG Make Whole payment was included in Project West. It will still leave WMI with all the shares created from the 7.2 billion dollar investment.
If TPG was by chance made whole it would have meant JPM paid them $5,400,000,000.00--- given the 75% write off. That would seem a little difficult to hide in either JPM’s books or TPG’s and both would have some serious consequences’ if they tried. Or it could be possible the IRS gave TPG that as write off from other profits for a given number of years; that would hide everyone’s involvement.
The banks should just tell them to go FVk themselves, just like they should have with the community redevelopment act. Force them to show their true colors. What are they going to do? Shut them down?
Hey there is a great answer for you; just take over 90+% of the wealth over night. On the 13 just tell the FED “yeah well we just could not get ‘er done, still working on it then just continue to ignore the rule of law.bet the rule found unlawful as just to cumbersome to comply with. What the government is asking for is a pre canned bankruptcy; worse yet one to their liking.
Isn’t this the way Viet Nam started? Send in some advisors that can only fight back, then when they start getting captured and killed send in a greater force. The next thing you know the commander and chief does not want to be seen as a cowered or a bully and launches an all out limited undeclared war With only body counts and no intentions of victory; this is the part of war that really sucks and serves no purpose.
You will have to be put in a bowl to beg Johnny I hardly knew you.
what can one guy do against the majority party of "NO" plan, NO ideas, NO nothing. Especially when the jobs plan is all stuff GOPers voted for recently
Obviously you do not follow this as closely as you portend. You would know Obama’s plan is nothing more than paying for his campaign contributions. His foolishness has destroyed the economy for years to come.
What is his answer; let’s see. Shut down drilling in the gulf as well as, just as many other places he can by executive order. Give billions of dollars to failing Green Energy companies that do not now or ever will stand a chance of survival, but hey they donated well to his campaign. Oh wait here is one he created many jobs when he started appointing Tsars giving them administrative powers never conceived in the constitution. No wait it would seem they too have destroyed more jobs by just regulating them out of the economy.