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ZItat uzualsuzpect:
MUST READ!
Posts inquiring about the call in number, the livestreaming, and Ilenes Twitter will be removed since there will be hundreds of posts asking the same question. It’s SIMPLE: KEEP READING!!!
Tomorrow could potentially be a great day!!! Let’s keep the posts 100% on topic during the hearing today for those who are unable to listen in. This means that there should be no chit-chat like “yawn”, “this guy is boring”, “who coughed?” etc… We don't need everyone to post what the PPS is - we already know what it is. In addition, when submitting a post – click the “Submit” button once – it will eventually post and it will save a ton of duplicates to weed through. Some new folks may not be aware of the lag that we encounter on omnibus days – this will help everyone to have a more enjoyable experience.
Let’s leave all of the “Thank you’s” off the board also. It’s brutal to sift through. Dan and Ilene have Twitter accounts where those “Thank You’s” can be posted.
TIA !
Quote:
DanBB Member Profile DanBB Member Level Share Monday, June 06, 2011 2:10:17 PM
Re: None Post # of 304299
**Hearing 6/8/2011 - Phone Dial-in and Audio Archive
LISTEN LIVE ON 6/8/2011:
Dial-in at 09:20AM EST
Hearing begins at 09:30AM EST
The bridge number is:
712-432-1001
and when prompted for the access code enter:
477420980
You will hear no music just an intermittent beep until I join the call to the hearing.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
Hearing Index: www.viewip.net/WMI/Hearing
WMI calendar:
www.my.calendars.net/wmi
For any that are in Europe, here are the dial-in numbers. Use the same pass-code above.
Germany 49 01805 00 76 18
UK 44 0870 352 0483
France 33 0826 100 265
Ireland 353 0818 270 030
Austria 43 0820 4000 1561
Belgium 32 070 35 9983
Spain 34 0902 88 60 36
Switzerland 41 0848 56 01 88
Italy 39 0848 39 01 65
LIVESTREAM:
stockstemple.com/forum/finance/stocks/...al-hearing-livestream
You will have to sign up. It's fast and simple!
Ilenes Twitter / Delaware Shareholder Services:
twitter.com/#!/DelShareholder
DanBB’s Twitter:
twitter.com/#!/WaMuAudio
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ZItat Chiron:
**We enter into battle again tomorrow, strap on your armor, sharpen your swords; eat, drink, and be merry tonight; for tomorrow we may die!
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Zitat diamondguru-one :
funny i DIDNT see any NEW FILINGS from the "EC" did YOU ??? Filings on the DEPO'S reassigned ????? or ANYTHING on LAWSUITS back on ???Hmmmmmm...Its OVER..IMHO maybe not tomorrow,but very,very close to it.....(middle of AUG ??? ALL CLASSES SETTLED????)hmmmm
**"We enter into battle again tomorrow, strap on your armor, sharpen your swords; eat, drink, and be merry tonight; for tomorrow we may die"!
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Zitat william48:
Spot-on DiamondGuru. Spot-on indeed! It IS entirely 'all over'; and all classes have, effectively, settled. TPS was the hold-out. Unfortunately (and here, I agree with Tom Brady) the 'settlement' will not be made known to us tomorrow; but that will be entirely in keeping with Rosen's utter hatred of equity. The delay in the '7 to 10 days, your Honor', was simply done to antagonize equity. A personal side-show on his part. No more, no less. When you're a 'hater', you find comfort in such petty deceptions.
IMO: The phrase 'term sheet' will not even be uttered tomorrow; nor will SG's newly-extended date to lodge objections to the now-dated POR (which is only a scant two days away), as a brand new one is on its way (subsequent to the filing of the FINAL DS ... which WILL include the term sheet, by reference). It will reveal that JPM has agreed to 'assume' the TPS securities, as well as the preferreds. In the case of TPS this is not altruistic on JPM's part, as they're already in possession of the underlying collateral; and as to the preferreds, their payout can be tinkered with in order to delay the pain of payment over the next 2 to 4 years. This action, in concert, will take $7.5B off the table (that was lying in front of a payday for common). Thus, TPS and the preferreds will be paid at face value - perhaps even with dividends (to quell the pain of a delay in their maturity date - and common and the HFs will go forward, hand-in-hand, as owners of a new company that will be restructed by Black Horse.
Lastly, I was taken with Jack Burn's comment regarding the fact that he did not really want the HFs to be a part of NEW-CO. I initially concured with that feeling. However, when you REALLY think about it, it's only the HF's who REALLY know the true value of NEW-CO (which is why they were willing to forego receiving hundreds of millions of CASH for a company that would have a monetized NOL of a mere $160m). Susman was smart enough (and tough enough) to know that you need criminals on your side when you're battling one of world's foremost financial criminals. In this regard, I trust in his judgment wholeheartedly.
So then ... all this will have transpired as you fitfully watch the PPS of common bob up and and down tomorrow between $0.1450 and $0.1650, never really understanding that your investment has paid off handsomely. Buy yourself something very nice, as you're a smart person to be in this play ... and thus you deserve it.
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ZItat UncleBo :
Thank you for analysis William, I belive we are thinking alike here.
TPS should be taken care of by JPM, we all heard how JPMs lawyer on losing their paper way back when. Chances are JPM loses on appeal. Why not assume them and just pay interest - simple. As to the preferreds, I don't think dividends are in order for the past three years as they were not declared therefore not payable - these are non cumulative dividends. At least this is how I read their prostectuses.
I could not agree more on the HFs and NOLs, we are in an environment where the national debt has piled on so quickly and someone has to pay one day - think higher taxes. What more valuable enterprise that one which has years to come to generate tax free profits up to the amount of those NOLs. I do believe, and AG billing from last month showed it, that the reorganized debtor would be a bank holding company to take advantage and participate in the coming consolidation wave in banking. Dust off them old WaMu signs - or may be not JPM would attach that string in order to cough up the cash.
Uncle
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Zitat Lawrence 147 :
Voodoo gets it they are going to convert the preferred shares to the new common and mix in the old common and they will all be one happy family there is no rule of absolute priority. Preferred will be converted by ratio to amount that equals there face value to the value given to the commons. There you have it preferred paid in full everyone treated equally.
If Rosenturd can pull it off with out a new vote it is too bad and a done deal.
In the end it just boils down to the value of the reorganized company and the conversion rate as all equity will be one and the same. So commons could receive a higher payout based on price paid per share
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ZItatende
MfG.L:)
"Mit der Dummheit kämpfen Götter selbst vergebens"
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