Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lol… follow the Caps bro ;)
I hate to say it
A Finn....lol
N
O
Lol
This is like Indian print talkers. Ugg
imo that's a Canadian retail investor using the Canadian brokerage (non-blocked) way to buying new Lehman shares. They usually pay $0.0403 to get their fills.
Hey jerz’ while we wait have you checked out :
mY
Coming
Reverse
Merger
play? Lol
2000 shares traded on Monday // 3/18/24
LEHKQ - 2000
Price jumped up 4 cents…
My question for the board!?! Did all 4k go at the higher price??
What will be the final outcome??? $55.00; $30.00; 25.00; 19.00?; or $5.00? Or nuthin
I bought these shares on a whim….for an extended time period..
For some odd reason this will be my best investment of all time! Is what my gut tells me…. Not merely for dollar value but for overall success of the trade!!
If my memory serves me right then this means the ECAPS 1-3 won’t receive the cash they seeked from this.
I think ECAPS 1-3 had 2 payment routes, not sure, Lehman is a Goliath and it’s hard to remember every detail.
Ehhhh no free search options for st Patrick’s day? Come on ihub!
It’s a collapse dude!!! they screwed us all!!!!
DJN, Screenshot,Claim 22122, LEHLQ Back Interest Payments by the BNYM.
Great Work!
i am not sure what makes you so sure. class 10 is not in line unless the one higher up get paid in full. class 10 will only get paid if the bankruptcy is closed and a new company is formed with nol's
Okay great I was hoping for that. I knew that if someone filed on our behalf we were set for Class 10B! What we will recover tho from that? It's coming up soon. We're on 10A now with little left for previous classes according to the 27th LBHI distribution!
Yes. Our Indenture Trustee BNYM already had filed the claims for Class 10-B US CTs and this was also stated by Judge Chapman in one of the hearings...
Thanks for confirming! Well regardless of losing an appeal that mainly just served a purpose to drag out litigation that LBHI is tied to in order to keep the CH 11 from closing and us getting paid - at least with that last US litigation ending we move closer to the CH 11 process closing and the resumption of Q3 2008 suspended quarterly cash distributions in one lump sum!
YES. NO FORMS REQUIRED.
THE SHARES YOU HAVE ARE YOURS.
Also would appreciate if anyone else can clear this ? up I have about distribution #28 for LBHI with our Class 10(B) claims coming closer...
Well I am shocked to see on 3/14/24 an ORDER in the Appellate case of LBIE v AGFP (subsidiary of Assured Guaranty) went in favor of a BOGUS AGFP way of valuing the ISDA 1992 agreed upon swaps which I thought Quinn Emmanuel.. argued superbly against in its appeal of the bogus decision that took 11+ years for Judge Chapman to rule in favor of the AGFP "alternative valuation" lol.... I AM excited to see the last litigation in the US that is holding back the CH 11 from progressing over a measly 465 Million USD - since LBHI has far more in billions to distribute - coming to a close.
My scorecard has the only open distributions left being held up by LBH PLC (UK) - and LBT (in the Netherlands) with some court case tied to funds that would kickback to the UK admin payouts being argued in the Swiss Supreme Court (the last court left in a litigation ongoing related to amt of funds being kicked back into the UK Admin payouts).
So if that US litigation is done, and we can finish the recoveries of LBHI from its UK Subsidiaries once and for all in 2024 - then we should be able to at least close the CH 11 of LBHI and "unfreeze" the insanely overdue cash distributions due to us and GUARANTEED to us by LBHI > Property Trustee > $ for each Quarterly amt since August 2008 (Q3 '08) when these suspended due to the filing of a CH 11 by LBHI.
If that makes sense to you all I am excited to move forward. Last I looked the LBHI distributions showed Class 10B with 10.4 B in claims about for our turn and we are coming to the end of the 10A distributions as well as coming towards an exit from CH 11 that would allow the repayment of our 1.2B (minimum liq amount for all 48 Million CT shares over the 4 tickers) as well as our long overdue suspended quarterly payments by the property trustee in cash for each quarter since CH 11 suspended/froze this payment process in Q3 2008.
My two cents. Forward we go!
Hmmm...Do you think their CT holdings 'got redeemed' by LBHI ie.,LBHI 'bought off' all their CTs? TIA & GLTU!
~ Thank You for your response ! ! ... That's Great' Information ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174051880
just sayin'
AZ
Something is up...this report showed 43 Institutions and $50 million in value a week ago:
Judge Chapman processed a Chapter 15 order a few years ago and specified the 8% simple interest rate.
~ CottonBall', Yes I See (and great work !), However, How can a current LBHI CT Owner Be Assured That The UK's 8% accrual rate is ALSO applicable to LBHI Class 10B, and beyond the ECAPs UK Ruling ? ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174047582
Example: Bobby works for one week at company X and earns $1000 prior to payday. However, prior to payday company X files Chapter 11 Bankruptcy and creates a bankruptcy Plan to reallocate Bobby's $1000 to Senior Creditors' until they are satisfied in full. Bobby is still owed $1000 after the bankruptcy plus interest for his late payment. The bankruptcy plan decides to pay 8% simple interest on late paid allowed claims.
Note: If the company had a policy of paying 10% compound interest on late payroll payments, it is void in bankruptcy.
1267 shares traded Friday
1000 LEHLQ
267 LHHMQ
Have a good weekend Y’all
ok, you lend your money to these crooks for 15.5 years for free? then ask who this people are, who is the conductor of this opera ? you are in hands a special group of fellows.
Yeah I tried to move the ally to schwab years ago and that’s where I hold 80% of mine except these LBHI ally shares. No fees thus far at Schwab but zero commissions have to be made up somewhere somehow.
Cheers
Interesting… and I agree with your plan.
I wonder if any other company will start assigning fees?
Mine are in Schwab…
Let’s end this!!
I don't know some say form 1099.
We hold interest in a late paid allowed claim in LBHI's bankruptcy, class 10B. This claim is earning 8% simple interest until it is paid based on its indenture and guarantees. This is standard operating procedure in this bankruptcy. The BNYM is our watchdog and property Trustee.
Trust Preferred share symbols are: LEHKQ, LEHLQ, LHHMQ, LEHNQ
A part of Class 10B claims:
Claim 21805, $314,207,500, CUSIP 52519Y209 - LEHKQ
Claim 22122, $311,742,900, CUSIP 52520B206 - LEHLQ
Claim 22123, $416,013,700, CUSIP 52520E200 - LHHMQ
Claim 67753, $234,250,500, CUSIP 52520X208 - LEHNQ
I agree with that more than anything else being posted.
Past monies are GONE.
STARTING FRESH is the key. But when?
Maybe 2025.
It sure is tiring after all these many years.
Yes I have an Ally account also with a Roth and I am now paying $20 per month to keep it open. Kinda sucks but it’s been free for the past decade +. I tried to transfer the account years ago but being a Roth with Lehman shares they never could figure it out so I just let it go.
$20 per month for say the next year or 18 months is a pretty cheap price to keep these shares after so many years of holding!
Cheers!
Cotton,
I respect everything you bring to the table here but this concept of owing interest on past dividends is a little far fetched in my humble opinion.
Technically, as per the POR, we are being paid our dividends but they are being reallocated to satisfy the senior creditors.
So, after the POR closes, the dividends that is being paid to us will finally start hitting our accounts. No back divvies are owed to us and we will most likely not see a dime of any of the past divvies.
Today, we need immediate cash relief: Help! Help! Help!
Daily back interest increase $555.56 with 100,000 CTs' ownership. Back interest on LBHI's Bankruptcy claims' that are paid late (8% simple interest). The back interest is more than the liquidation amount of $25. This is a Chapter 11 Bankruptcy with Successors' Rights. The CTs' Successor Rights are good. Chapter 7 is stupid unless you can payback professionals' fees, $10 Billion in cash. Now We paid the professionals for a Going Concern Business like LBIE and much much more.
Basis:
👉️On March 15, 2024 the CTs Holders' 8% simple back interest increases to $31 per/share since September 15, 2008 (15.5 years):
100,000 shares x $31 per/share = $3,100,000 CTs Holders' lump sum back interest
$100,000 / 6 months = $16,666.67 monthly back interest increase
$16,666.67 / 30 days = $555.56 daily increase
CTs' liquidation amount = $25 per/share
$25 x 100,000 shares = $2,500,000
its reallocated
"I wish to know do we have to fill some forms for CTs with our broker?"
Aren't they being held by your Broker? What other Forms would be needed?
It is possible to buy CTs in Canada only in principle. You can not place long term order. Now they require place order every day. This is itrade policy. But shares are not easy to get.
I wish to know do we have to fill some forms for CTs with our broker? TIA.
If you don’t have enough cash to cover this $20 monthly fees, they may sell your escrow shares first, who knows their intentions.
Add enough cash into your account first.
Quite Plausible...OR they are being traded on the Canadian exchanges, as someone else was claiming...A claim which I can't vouch for...Or it could simply be the MMs trading against themselves to create an impression that they are of 'worthless value' and pry the stock off weak hands...So many Shenanigans, all of which points to a TON of money that is waiting as 'Recovery value' for the CTs.
2900 CT shares traded Thursday
200 LEHKQ
985 LEHLQ
840 LEHNQ
875 LHHMQ
This post from Boardpost (COOP/WAMU) message board might explain why these small amounts keep turning up?
nmruggles
#7
Today at 05:42:40 PM
This post is quite late because I do not follow my Lehman Brothers holdings closely. I went to Ally Invest today to download my 2023 1099 form and recent statements. I noticed a $20 charge to my account in February with no explanation. After reviewing other statements I saw that this charge has been appearing since May 2023.
I called Ally and after about 15 minutes of investigation their rep told me this is a recurring charge related to Lehman Brothers having become untradeable because of no transfer agent. Ally's fee schedule does in fact list a $20/mo fee for non-transferable securities, but I cannot recall getting any notice about this. I was pretty annoyed since this charge only started appearing in mid-2023 after years of bankruptcy, and neglected to ask whether it was related to my Lehman escrow marker (for preferred stock owned prior to bankruptcy), or for LEHKQ, a capital trust security in my account.
My efforts to search online for info about the claimed change in transfer agent status came to nothing. According to Ally's rep, my options are to keep paying 20/mo or pay a one-time $30 fee to close out the "worthless" stock position. He told me I cannot transfer the stock to another broker such as Fidelity which does not seem to have these fees. I am not persuaded that Lehman is worthless but it seems abusive to demand I pay $240 a year for no real work on Ally's part to wait for a possible return.
I plan to call back to find out if the fee is connected to teh escrow or capital trust position, and will try to get a copy of the notice Ally got informing them of the situation.
Anyone have an experience like this with Lehman?
IF so, Why will they show the 'Allowed Claim Amounts' against Classes 10-A, 10-B & 10-C? Anyway you look at it, LBHI is indicating that the 'Amounts' specified against the 10-A, B, C "Allowed claims" are sitting some 'reserved' somewhere....
Kudos to the honest and forthright lazy bastard, at least! We could start a club, make shirts, etc.
2900 CT shares traded Thursday
200 LEHKQ
985 LEHLQ
840 LEHNQ
875 LHHMQ
This in all previous distributions
Followers
|
311
|
Posters
|
|
Posts (Today)
|
3
|
Posts (Total)
|
110399
|
Created
|
01/28/09
|
Type
|
Free
|
Moderators stoxjock cottonisking real777mellon |
IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |