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spekulativ Let's start a new discussion on TPG/Bonderman The Docket #59 list of all shareholders of record as of Oct 8. 2008 does not show TPG owning anything near what our market programs do. 1.4 mill Theory: TPG and its investors in the WAMU sold off their stock when it was dumping (900 million) shares in 1 day. Without the stock from TPG and its investors, it would be impossible to get that number. What if TPG sold out of commons and bought the bonds, because they knew the bondholders would get the company, because equity should not be "in the money?" What if TPG is whom Weil is hiding from us. What if Bonderman and his buddies are the bondholders who did not want that info released. What if The Motion to Compel (which was not contested by Weil) is JPM's way of signaling to us COMMONS that our boy Bonderman is not on our side.. bonds trading at 95% value means someone knows something. What are the odds that most holders of common stock told their broker on Sept 25th to sell their positions. I don't think so! Setup: Commons sold for $1.65 and lower 220 mil X $1.50 or more = $340 mil Bonds trading at 10-20 cents on the dollar right after the major sell off. $340 mil buys alot of bonds that are trading so low, you can make back the lose on commons, gain more equity make 90 cents on the dollar and eventually control the company. Is this a possibility hell, with this stock anything is a possibility! We might find some answers to these questions real soon. or I could be sleep deprived/these numbers are from memory. I'm sure I will be set straight real soon. Maybe I will sleep soon! ==== Fsshon, if TPG sold all their commons, it should've done the trading before 11/06/2008. That's the date Judge Walrath signed the stock restrictions order. http://www.kccllc.net/documents/0812229/08122290811070000000… Let's say your assumption is right. TPG sold all its shares for $340M and bought a large pool of bonds. In addition, TPG was given the massive cap. loss tax benefit. TPG should've recovered $7B losses and earned a decent profits from the bond. Afterwards, Bonderman resigned the WMI board and went to the market to hunt for other meat. This could be why TPG as the largest common shareholder has no intention to form an official EC from day one. TPG, JPM and FDIC even allied to compensate TPG in exchange of TPG's leave on WaMu/JPM/FDIC's legal war. Strategically speaking, I will use the $340M to buy all preferred shares other than bonds if I was TPG. It looks to me that TPG wants to swallow WMI at the expense of us. We know As is around $1.35B short before anyting spills to equities. Rosen's statement in the court triggerred my suspicion that bonds and notes will be paid in full, commons will be cancelled and preferreds will be paid in partial cash and in partial new equities in A&M's reorganization plan. Having said TPG bought lots of preferreds, it will position at an absolute high-land to control the game. JPM and FDIC fort out a small pool of money to pay secured creditors and give up tax refunds. In exchange, JPM and FDIC settle with TPG at a low ball price and leave with clean hands. (all above is my speculation if an official EC is not formed timely.) How's my thought? Is it scary that TPG wants to kill commons while we thought it holds the largest percentage of commons? GLTA WaMuers. Don't be screwed by TPG. |
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| aus der Diskussion: | Washington Mutual - Grösste Sparkasse der USA! Chancen & Risiken. |
| Autor (Datum des Eintrages): | born2live (19.12.09 11:42:54) |
| Beitrag: | 138,296 von 343,748 (ID:38601818) |
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