Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

315 KQ’s.

[JERSEYHAWG]

Some of us left are addicted to reading. Like me. I take my breaks. And say when I am wrong. Which is most of the time.

I just can't wait till it's done. Really.

It's been a long ordeal. We are all kinda friends here to be truthfully.

A common goal

Make money or loose and go our ways. In my 2 cents.

[indepth05]

Why can't we simply stop the BS against each others and admit that we were all wrong , All of us , in our approach to this bankruptcy, otherwise we would not have been here and still are here 16 years ago?

Perhaps the smartest among us is the one who lived his life away from LBHi and from BB hopes and wishes for 15 years and bought it before it was suspended from trading a year ago.

[JERSEYHAWG]

Thank you.

I figureed your ire was directed that way. It was funny to me. At first I thought you were a diehard Yankees fan.

Carry on Mr Mellon.

Prayers that this ends SOON...LOL

[toogoodfella]

RE: This event is causing this board to overheat.

—-//——-//—

SOLUTION;

1. STOP THE IRRELEVANT POSTINGS

2. STOP SAYING MONEY IS COMING

[cottonisking]

🤣🤑🤣When the Lehman Group's cache stops processing cash, its Microprocessors go into a wait State. This event is causing this board to overheat. Apply another heat sink to bleed off some heat. Because nothing is going down the pipeline right now. Patch A4523-001.

[toogoodfella]

STILL IRRELEVANT TO LBHI BOOK

ALL ASSET, POTENTIAL ASSET IS IN THE BALANCE SHEET SINCE THE BEGINNING AND THEN, ELIMINATING THOSE UNRECOVERABLE IN THE PROCESS

[real777mellon]

Pinny, in the instance of the less trading - I think this is a case of worldwide lack of understanding why. And lack of willingness to even begin looking.

But illiquid is fine. It could very well be this illiquid similar to the reason Freddie Mac securities became unacceptable as collateral from the Repo 105 bank counterparties of LBIE in the UK as summer 2008 came. Freddie was putting alot of subprimes in their MBS and it caught up to them in public knowledge and esp banks with their own inv banking operations. However markets recover, and liquidity is just an understanding and confidence in a certain company's assets or type of asset etc. I think illiquidity is what makes this so worth the wait - it's cheap. You also have to understand the value is immense. It's a long process that has many reasons. I will leave it at that. But it's liquidity means nothing.

[real777mellon]

Any of these securities may be not yet "on the balance sheet" of LBHI and worth tens of billions in cash equivalent AAA rated investment grade US Treasuries (most likely)... I explained why before. That's why the CH 11 and LBIE UK admin just needs to keep progressing. This asset is imo already "repurchased" but never made it to LBIE's electronic filing system and thus rolled into LBHI balance sheet immediately. That's the last I'll explain. You can all read the linked Examiner report.

[toogoodfella]

RE; We all can be wrong at times speculating..

—-//——-//—

But the ego persists for thinking that he is 100 percent correct So, decided to remove three postings that he did not agree and labeled it as a spam.

[toogoodfella]

DEFERRED:

Excerpt:
At the end of the deferral period, then, the TruPS investors would be left holding a deeply subordinated note of the BHC, which would be likely to absorb substantial loss in the event of the BHC’s failure. (Holding company failure to continue)


As noted, however, all cumulative dividend arrearages must be paid in full if the BHC is to continue to operate as a going concern. (Straight forward. Dinero amigos)

[real777mellon]

We all can be wrong at times speculating.. I try my best to share what I read and grasp to keep people who accuse folks of being wrong when they are in fact the one using the wrong reason to accuse another person for being out of scope. I share things I don't have to because it's a tricky matter. But I can at least say I have done it to keep this community which I find normally pretty helpful to everyone who is here from turning into FNMA.

[toogoodfella]

HE IS ALWAYS IRRELEVANT

[toogoodfella]

RE: …THESE ARE ALL POSSIBLE ONLY IN A GOING CONCERN.

——-//——-//———

NOT TO MENTION OR TO MENTION NOW!!

IF LBHI CONTINUE TO EXIST AS A GOING CONCERN,,,,,

LBHI “SHALL” PAY ALL OF THE DEFERRED INTEREST!!!!
IS IT ABOUT 15 YEARS NOW???
MY CALCULATION IS 22.5 DOLLARS AT 6 PERCENT..

I REPEAT!! “IF LBHI CONTINUE TO EXIST AS A GOING CONCERN”

[real777mellon]

There's a little more to my reasoning but my job is to moderate and the only thing toogood keeps going on about is cotton is out of scope by sharing the pwc UK progress reports. He also thinks assets transfer to LBHI. That's not how it works. LBHI is a consolidated balance sheet whereas the subsidiaries - I'll just mention LBIE in the UK and compare to LBI in the US (both subsidiaries and broker dealer books under LBHI) have actual books where the do transfer and buy and sell/repo assets. All of those books, like LBI have a bank that actually holds the assets and puts in the trades/clears the trades the investment bankers perform etc. They do counterparty txns with other banks too - and repo 105 is a "sale" done by inter-company repo txn with no fee when a US based subsidiary like LBI or LBSF transfers an asset to the LBIE broker dealer in the UK and they "sell" the asset to a coutnerparty (Barclays and UBS are mentioned in the examiner report from 2011).... then the asset goes off the balance sheet for 7-10 days at LBHI - the whole time, the balance sheet at LBHI is just that, a balance sheet. IT consoldiates all its subsidiaries esp the ones I mentioned into its own balance sheet, which is why when a repo 105 sale to say UBS happens in the UK the cash is received at LBIE and their electronic accounting system's ledger which immediately puts it in the LBHI balance sheet on the assets side as cash.

Also if a transfer of assets from LBI to LBIE takes place the LBHI ledger never changes as both subsidiaries roll up into one consolidated LBHI balance sheet. Toogood never accepts this so that's why he is not right. He is misinformed and refuses to read sourced information that I gave him with explanation. What is something I won't go deep into is because of Repo 105 specifically, LBHI balance sheet is using its subsidiaries and a combination of UK Linklaters legal firm's legal opinion on what makes something a "true sale" and not a repo where you must put a liability on ultimately LBHI's balance sheet. The opinion of what a "true sale" is and when a repo makes it not was never given by the US legal entities when LBHI sought an opinion bc lawyers in the US cannot give opinions on "true sale" in terms of accounting practice. What type of assets LBHI's subsidiaries used followed SFAS 140 an accounting principle that required a liquid investment grade asset to be used for this type of transaction in asset sales if done in another jurisdiction and that there's a market for it in that jurisdiction with accurate quoting similar to the US - and they usually used Treasuries for this and used UBS and Barclays as a counterparty. When the txn hit the sheets from LBIE again and the assets were "purchased" back by LBIE - it was assumed LBIE's electronic system was entering these repurch in accordance with US GAAP.

So anyway - there's so much toogood is wrong about. Too much that you're wrong in saying to forget the details - the details matter. If you are not going to read the 2011 Examiner's explanation of the accounting practices of LBHI and all of its subsidiaries you will never fully grasp the details and the fact there very well may be billions off the books that never got into LBIE's electronic filing on time. It's likely known to be out there and I'd appreciate if you'd let me do my job moderating when this happens as I was kind to explain toogood is not right at all.

Your post is not too long. There is no such thing when it comes to discussion of the LBHI and 80+ global subsidiaries 16 year unwinding and distributions both public, all over different jurisdictions, and some off the books potentially worth tens of billions as admitted in the Examiner report in 2011 that could explain the "hole" some found at times in the LBHI balance sheet.

I hope that makes sense.

I took a mod position to keep this forum cleaner than the nonsense and dick swinging at the FNMA boards. Also I feel I am more than qualified to explain nicely and correct too good when he's targeting cotton and spreading a false accusation. I don't want false info here if it's targeted at someone on topic.

Thanks.

Feel free to read the Examiner report. It's long but it's worth grasping: https://www.jenner.com/en/news-insights/news/lehman-brothers-holdings-inc-chapter-11-proceedings-examiner-s-report

Example of a Repo 105 US based subsidiary asset transfer to LBIE to "sell" to it's counterparty and go off LBHI's balance sheet for 7-10 days while still receiving cash immediately on the balance sheet consolidated from LBIE and not having to record any liabilities.

[toogoodfella]

RE: …can't moderate he posts too fast with spam…

—-//——


IRRATIONAL!! ……. ITS A SPAM IN YOUR OWN INTERPRETATION!!!

[toogoodfella]

IRRELEVANT AGAIN TO THE CLOSING OF LBHI BANKRUPTCY

[JC Pinny]

To be honest… I already have Cotton on ignore:) too much rambling without deciphering his cryptic cutting and pasting… not too mention his emotional roller coaster rides of everyone getting paid (like how many times has he been (WRONG)? Beside the stock is not influence by who’s right or wrong anyways~ it’s not trading lol, so we all just chatting and waiting~ so chill gesssh

[real777mellon]

Oh man that was a mistake by me. I meant to reply to "toogood" because he was posting just about every 5 minutes yesterday spamming with untrue statements and directly to cotton. I got so tired of trying to explain why he was wrong in his accusations to be nice and help him understand the LBHI balance sheet and the LBIE and other subsidiaries rolled up into a consolidated LBHI balance sheet in Lehman's accounting practices as explained in the 2011 LBHI CH 11 336 page Examiner report. Repo 105 was covered in the accounting practices as well with specific examples of this and I did my best to be nice but then I had to delete his nonsense posts so much I just couldn't keep track of who I was trying to reply to and I mistakenly hit your post I see.

This is a misunderstanding and an error on my part. I took a mod position here because I've read just about the entire way LBHI and it's subsidiaries operated from the Examiner report to better understand how the bankruptcy is going to be playing out and it's very important to me to know these things. Long story short - there's a good chance LBHI had a LBI or LBSF asset transfered from their US book (likely a US Treasury bond/bonds as assets for collateral) to LBIE which due to the opinion they got by Linklaters legal firm in the UK was the only broker-dealer (the UK based subsidiary of LBHI) and those US assets were inter-company repo txn between the US books to the UK LBIE books with no record of liability in the books or fees charged. LBIE would then record the "Sale" of the US Treasury ($50B in a guess based on my reading) and buy it back from a counterparty such as UBS or Barclays as mentioned in the section on Repo 105 in the CH11 Examiner Report published in 2011. The report shows the legal reasons this txn is allowed to be a sale and LBIE gives up full control to the counterparty receiving cash which immediately goes to LBHI once it hits LBIE because LBIE books are rolled up into LBHI statements. For accounting purposes this is not a financing transaction (like a repo) but considered a true sale and LBHI would be able to get away with LBIE and thus LBHI's reports to not include a liability, just the "cash" asset. A period of 7-10 days later LBIE would buy the US Treasury back for the amount of cash with some assistance given by LBHI and the asset would return to LBHI's balance sheet immediately but also if coming from LBSF or LBI because the asset was US-based there would be another inter-company repo txn recorded between LBIE and the US-based LBSF or LBI, all the while none of this would change the balance sheet of LBHI which was being monitored more closely in mid-2007 thru 2008 until finally LBHI couldn't get these txn cleared by their US-based clearing houses because of disputes over the value of their other assets they started to mix into regular repo txns and a credit downgrade too in 2008 that made Citi and JPMorgan Chase call for more collateral in cash.

The part of being "off the books" was mentioned in a part that sometimes due to the time diff in NY and London, the Repo 105 "off the books" status of assets held by counterparty banks like UBS could mean the LBIE and it's electronic system for accounting for assets might not receive the asset transfer in time for it to hit LBIE's accounting by the time LBHI has to have the asset back on it's balance sheet to make up for the cash it paid out from LBIE and assistance from LBHI at 5% of the total value of the asset to have it transferred back into LBIE's books and control of LBHI. When they missed it could mean a hole in the balance sheet. When Sep 15 2008 came and 1 AM had LBHI filing CH 11 word broke to the UK and the LBIE and other subsidiaries that needed the operating cash from most likely Repo 105 being in transfer but not yet on the balance sheet and CH 11 freezing LBHI and it's subsidiaries operations, the UK govt forced the LBIE and UK subsidiaries into administration before London opened. Therefore there may very well be an off-the-books US AAA rated Govt Bond (Treasuries) worth >$50B out there which is like a cash equivalent it is extremely liquid and as soon as LBHI and LBIE are not still in CH 11 and administration states where they are not out as ongoing concerns and operating independently (able to receive the $50B US Govt Bond in thier system and immediately on LBHI balance sheet) these processes all do matter from the very fact the diff in time and the non-opening of London and then obviously LBHI in CH 11 means there's probably tens of billions out there, just not made it onto the balance sheet at LBHI for reasons of LBHI PT ongoing, LBIE v AGFP litigation ongoing and the nature of the consolidated balance sheet reporting as well as legal Repo 105 txns. It is not illegal, just innovative. I got off track in my apolgies. But I tried to explain all this to "toogood" and he continued to spam down everyone's posts and continue to accuse cotton of sharing LBIE and LBH PLC PwC UK quotations with the group as irrelevant because he doesn't look at the src's I gave, listen to the fact he is wrong and I lost track.

I spent all day trying to keep this forum clean and truthful. He really is adamant on being right even though he is spewing false statements at cotton and I won't let this place become inaccurate if someone is targeting a user who is within the scope of relevant info tied to the fate of these securities.

He won't stop.

I had a barrage of replies of his to delete and tried about everything to get him to stop being selfish and making it about him being right when he won't even read simple explanations after he won't read the sources and he doesn't seem to be here to appreciate the fact I am trying to help him understand the correct way to look at this all.

Again I am sorry I made you feel targeted with that - it was a tired and silly mistake I made and if it happens again I assure you it won't be on purpose. I did ignore him though so I can't even see his spam.

Mellon

[real777mellon]

Since this user keeps calling LBIE, LBH PLC, etc irrelevant, and is spamming up the joint with false information given LBHI's balance sheet is and always has been a balance sheet consolidated with it's subsidiaries in the US, UK, and worldwide and many times in the Repo 105 Examiner's report done in 2011 on LBHI CH 11 and covering how it does its accounting - I cannot keep up deleting his spam after kindly correcting him and him refusing to do anything but bury good natured discussion as well as good info people share from LBHI's many subsidiaries and their progression in paying out creditors/legal ongoings/etc. I suggest from here out doing this:



I can't moderate he posts too fast with spam and the IH Admin's are not reachable it seems. Or very active. Sorry.

[JERSEYHAWG]

I give . 50 come on point 50 will you give me point 50. Will.ya..hey..come on give me me that point 50 hey..gimme gimmeee. Hey

[4Duxs]

350 KQ’s; 200 LQ’s; 500 MQ’s. All 1,050 shares totaled a whopping .315. Yep that’s right, 31 and a half cents. Oh boy we’re cooking now. Cheers

[holiday doc]

Yes! I have 2700 shares picked up after bk and completely forgot about..goe Lehman Brothers Capital Trust Plan!

[toogoodfella]

RE: LBHI is already reorganized on March 6th,

——///———//——

LBHI IS STILL UNDER THE PLAN ADMINISTRATOR.

[JC Pinny]

LBHI is already reorganized on March 6th, 2012 and functioning as a corporation. Not public yet.
————————
Yes sir… already operating UNDER courts “Administrative Protection”… now ain’t that a blip’ 12 years later

[toogoodfella]

RE: LBIE

ANOTHER IRRELEVANT POST

COTTON DONT UNDERSTAND WHAT THE CASH FLOW MEANS.

NEVER UNDERSTOOD THE QUARTERLY REPORT

[cottonisking]

🤣🤑🤣Only the movement of the Lehman Group's (LBHI's, LBIE's, LBHI2's, LBH plc's...) Cash can get LBHI Senior Creditors' to accept satisfied in full status.

[newflow]

LBHI is already reorganized on March 6th, 2012 and functioning as a corporation. Not public yet.

[JERSEYHAWG]

WWE can't set dates yet.

No one knows when..as usual.

[Pegaso]

Makes sense.

Ringfence concerned subsidiary by pending matters and let the rest of the business go ahead and finish POR once and for all.

[toogoodfella]

RE: Just saying…

Question about the abuse of removing posts for no valid reason. Do they also penalize it?

[toogoodfella]

RE: WITHOUT LOOSING THE NOL ATTRIBUTES.

——//——//——-

REMEMBER FOLKS, THERE IS STILL UNPAID DEBT OF ABOUT 130B. SOME OF IT MAYBE DECLARED AS A LOSS, SOME OF IT MAYBE CONVERTED INTO EQUITIES AND SOME OF IT MAY STAY AS A DEBT IN A GOING CONCERN.

THE DECLARED LOSS IS ALSO A NOL IN ADDITION TO THE EXISTING 50B.

A DEBT WILL STAY AS A DEBT SO THE CTS WILL STAY AS A DEBT AGAINST THE TRUST. CTS ARE SAFE IN A GOING CONCERN.

All PREFERRED EQUITIES ARE SAFE AS LONG AS THE NOL IS PRESERVED.

COMMON WILL BE DILUTED SO HEAVY TO ALMOST NO VALUE.

THESE ARE ALL POSSIBLE ONLY IN A GOING CONCERN.

[toogoodfella]

RE: …POSSIBLY THE FRESH CAPITAL IS FROM THE CREDITORS…

——//———//——

ONLY THE CREDITORS OLD COLD DEBT CAN BUY AND OWN THE COMPANY WITHOUT LOOSING THE NOL ATTRIBUTES.

[bluebird50]

Actually the amount of off topic posts and merely talking about removal of post should land you in the 1 post a day category according to IHub rules….

Just saying…

[bluebird50]

Check for the Wynn!!!

[bluebird50]

Nice post!

[JERSEYHAWG]

Thanks Yuki. I know.

I don't mind Mellon. He has always been good with me really. I figure he made a mistake. Thanks for the words. Good to see you.

Edit :::: pinny and Muff. Damn good posts. Ty

[toogoodfella]

RE: REMEMBER, THE GOAL IS TO DISTRIBUTE ALL ASSET UNTIL SATISFY IN FULL

——-///———-//—-

POR DID NOT SAY TO WAIT UNTIL LBIE, LPC CASES IS OVER TO SATISFY THE CREDITORS.

CREDITORS GOT ALL THE MONEY THEY DESERVE IN THE LAST DISTRIBUTIONS

NOW, LBHI IS BROKE AND WILL NEED A FRESH CAPITAL TO START.

POSSIBLY THE FRESH CAPITAL IS FROM THE CREDITORS THEMSELVES BECAUSE CREDITORS ARE REQUIRED TO SELL DOWN SOME OF THEIR CLAIMS IN ORDER TO QUALIFY FOR THE NOL EXEMPTIONS TO COD INCOME.

[toogoodfella]

RE:

APRIL DISTRIBUTIONS WAS 176.7M

142M .. RESERVES FOR OTHER PAYMENTS

—-//———

REMEMBER, THE GOAL IS TO DISTRIBUTE ALL ASSET UNTIL SATISFY IN FULL

[toogoodfella]

DECEMBER 31 QUARTERLY REPORT

(Rounded numbers)

142M ….. Restricted/Unrestricted cash
179M ……. CASHFLOW ESTIMATE
————————————————————
320M ……TOTAL CASH REMAINING

APRIL DISTRIBUTIONS WAS 176.7M

142M .. RESERVES FOR OTHER PAYMENTS, disputed claims, allowance for subset of company staff to stay and manage all remaining cases and disputes, litigations in LBIE, LPC. Etc.


COTTON AND MELLON ARE JUST BARKING UP A WRONG TREE.

[Muff77]

Hi all,

I am owner of the common shares now blocked in OBS. It means I follow this BS from the begining.
Let me post this message as a green light between Real777 and Toogood. I think the discussion is very nervous in the past several days. And it is a pitty. Futhermore, both posters are right IMO. Let me explain that.

1) The LBHI is US company under US jurisdiction and the latest rule for LBHI is the POR.
No other countries with their jurisdictions can not replace the POR.
POR clearly states how the process will continue. Or all creditors will be satisfied in full, or at least 30 days after the final distro, or XII/2025.
I can not find in POR any other condition to close the POR with relation to other countries or jurisdictions.
So with the closing of the POR the TooGoog is right IMO.

2) As well as I understand Real777 who is right with the UK court to continue the payments to the LBHI from the UK subsidiaries or European subs. LBH PLC, LBIE, etc.. That is good, it means the LBHI can continue in business and will have the structure of subs and will be receing the money in the future.
That means, the LBHI could going concern after POR closing as the reorganized entity and will receive the money from arround the world.

So genlemen, please forgot the details, the most important for us is to close the POR, use the NOLs and get new capital to operate as the new entity.
That is our main target.

Sorry if my post is too long,
GLTA,
Muff

[toogoodfella]

YOU REMOVED MY POST JUST BECAUSE YOU DID NOT AGREE WITH IT AND YOU SAID YOU ARE SURE 100 PERCENT CORRECT!!

ITS AN IRRATIONAL ACT
OR AUTHORITARIAN !

[JC Pinny]

True Yukon…, after 15 years of disagreement chatter in a social stock board… now it’s escalated to threats lol :)

All inputs are welcomed by me both agreeing and disagreeing~ this is still America ain’t it? Or are we now an open dictatorship~ chill out, cause after 15 years most posters here are family regardless of their opinions on Lehman outcome proceedings.

[Yukii]

Jersey I think he responded to you by accident. There is nothing you said or did to get that assault. Also toogood got a lashing which was uncalled for either. I have been lurking on this board for about 13-14 years now I appreciate everyone’s input and until the final straw gets pulled then we can say so and so was right or so and so was way off. All that matters we all get along civilly and get this over and done with once and for all. I don’t know how long I can take reading this board lol

[JERSEYHAWG]

No refund this year. Had to add a check. 🤣

Truth...2025...we will all send in a check. I bet.

[JERSEYHAWG]

Hey Jimmy. WE need a nice gallon of that sweet tater voker for a pull on the jug.

I got some words thrown at me today for naught. I just been here reading and barely a word. Lolol

I just been watching the skirmish going on. And after all these years to. 2025 can't be soon enough.

We all need to kick back, relax, deep breath. I am gonna run up to Nashua, NH. Just for a look see.

Hang in there bro, and don't get to high power on the NC heavy mash you make. Good to see ya.hic

[JERSEYHAWG]

Excuse me Mr Mellon.

I made a 3 line reply to Jjpk

Line one, was regarding the NY METS.

line Two was regarding me seeing all of the posts that were made when I opened the thread today.

Line three was regarding how if nothing else, 2025 is coming and this should be over.

Now what in the fk was all your beat down on me about all the other crap you said that I did. For Pete's sake, I have barely been on here posting anything. If you want to kick ass, go pick someone else. Frankly u should apologise for whatever the heck your talking about. I think you got the wrong target.geez Louise....

[Ray_137]

CTs can be bought in Canada but very difficult to buy, of course no body will sell at 0.0003$. Moreover brokers put restriction to place day order only. I tried to place order for a week period broker canceled the order and emailed me to place order every day.

[4Duxs]

190 KQ’s

[Ray_137]

We get shares or $$$. I wish 30 days.