Re: Gracias Juez Walrath por aprobar el DS
October 20, 2010: At Monday's hearing in bankruptcy court a number of parties argued against continuing with the Disclosure Statement hearing, saying that didn't make sense with the Examiner's report due so soon. The judge ruled for proceeding, however, and then arguments were heard. Many objections were ruled by the judge to be objections not to the Disclosure Statement but to the Plan of Reorganization itself. A Disclosure Statement needs simply to accurately describe the Plan of Reorganization, and in the end the judge ruled that this Disclosure Statement does that.This does not represent a ruling on the confirmability of the Plan of Reorganization.
Many shareholders still expect that the Examiner's report, due November 1, will be damaging to WMI and its Global Settlement Agreement (upon which the Plan of Reorganization is based). Such a report could provide a basis for the Equity Committee to move forward with its lawsuit to hold a shareholders' meeting, and to force changes in the Plan of Reorganization.
As a result of the judge's approval of the Disclosure Statement, shareholders will soon be receiving a mailing. If you are a owner of preferred shares (WAMKQ, WAMPQ) you will receive a ballot by which you can vote to accept or reject the Plan of Reorganization. The ballot is not due until November 15, two weeks after the Examiner's report is to be made public. With a projected recovery for preferred shares of zero to one percent, the current Plan of Reorganization clearly does not deserve the support of owners of preferred shares. If you are the owner of common shares (WAMUQ) you are not entitled to vote. With a projected recovery under this Plan of Reorganization of zero, all common share owners are "deemed to reject" the Plan.
Please keep in mind that WMI has been pushing hard to get to this point, ahead of the Examiner's report, and give the appearance of inevitability to the current Plan of Reorganization. The Examiner's report could easily derail this Plan, and even if we get to the confirmation hearings on the Plan of Reorganization (scheduled to start December 1), WMI will have to try to defend a number of serious weaknesses in the Plan.
Re: Gracias Juez Walrath por aprobar el DS
Re: Gracias Juez Walrath por aprobar el DS
Re: Gracias Juez Walrath por aprobar el DS
Re: ¿Gracias Juez por aprobar el DS?
es brutal gran nivel, no he visto a walrath
Complaint Filed by Washington Mutual, Inc., and WMI Investment Corp. Against All Claimants Named in Proofs of Claim
Re: Gracias Juez Walrath por aprobar el DS
Bueno, pues creo que este articulo lo explica bien claro:
http://www.stockroach.com/lehmq-where-are-you-come-to-papa/
Tal y como veis, es un caso CALCADO a Wamu. Compra "ilegal" por parte de Barclays, valoración inferior a la real de Lehman, dicen que Barclays le debe a Lehman 13 BILLONES, dicen que se van a disparar las acciones, litigios, etc, etc.
Conclusión: No hay muchas diferencias entre unos y otros. Una de las pocas diferencias (aunque importante) es que Barclays no es tan poderosa como JPM. En mi caso, yo me conformo con lograr ganancias como las que logré con Wamu. El resto que me jugara (si me lo jugara), lo haría a cara o cruz, como están ahora las acciones de Wamu.