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IT IS ONLY A SECOND GRADE MATH
I ADVICE EVERYONE TO READ AND COMPREHEND THE QUARTERLY REPORT TO AVOID ANY IRRATIONAL ACTIONS IN THIS BOARD.
NO ARGUMENT!
You are the lazy one to read and comprehend the Quarterly report.
Or maybe “uncomprehendable “ (word invented) in your capacity???
Just asking.
You are wrong. READ this PDF and learn the structure of the entire operations that are unwinding and all flow into each others jurisdictions: https://www.jenner.com/a/web/obFa233r8auoB6xdtZXE7C/4k1Wwn/VOLUME%203.pdf
Last warning.
If you're too lazy to read the Examiner report.
You're just being lazy.
I am not arguing with you. I am giving you a choice to stop spreading untruths. You are now spamming.
https://www.jenner.com/a/web/obFa233r8auoB6xdtZXE7C/4k1Wwn/VOLUME%203.pdf
Read it because I sure AF won't get anywhere running you through it. You need to get it yourself. Cotton is clearly on subject. You are burying a great resource for this community and I am asking you to drop it. IF you keep lashing out at cotton for the LBIE and LBH PLC admin progress reports he's been posting - I will go through the necessary means to remove you entirely.
It would be best if we both agree to disagree. I stop having to ask you to stop. Because you won't read the answer why cotton is within the subject material of these recoveries.
You can stop claiming cotton and the subject he is posting on is not relevant.
I stop you stop - please just stop ruining a great board and also - drop the claims you're making to cotton because I don't want to continue removing untruths. You said your piece. I gave you a factual way to figure out why you need to read that particular report from the CH 11 examiner.
Let's drop it.
Fair for everyone. It's not your job to tell someone they're out of the subject relevant to these securities. Say it once, don't bury all cotton's posts and make me intervene bc you are incorrect.
Let's not argue for the sake of being right. BTW his posts are not burying anything - and they are informative.
Agree to disagree. Ignore cotton if you think he's wrong. Just don't make a habit of saying he's wrong after each post - because I assure you, he is within the subject material for these securities and the CH 11. SO - lets just end this. I don't feel like wasting my time back and forth. We are not in agreement - just ignore cottons posts if you don't find them relevant.
RATIONALIZE YOUR ACTION OF REMOVING MY POSTS JUST BECAUSE YOU DID NOT AGREE WITH IT.
I WILL NOT ARGUE WITH YOU!!
I WILL TRY TO AVOID ANY ARGUMENT TO AN IRRATIONAL PERSON.
I gave you the exact src to read why you're wrong. You refuse to read 336 pages.
That's on you. Cut it the heck out. You're making a great board about you winning a dispute you don't even take the time to read about the exact structure and operations from the official examiner report.
SRC: https://www.jenner.com/a/web/obFa233r8auoB6xdtZXE7C/4k1Wwn/VOLUME%203.pdf
Until then, STOP SPREADING UNTRUTHS AND BURYING ON SUBJECT INFO.
I will run out of my post limit.
So this maybe my last post today.
WHO EVER YOU ARE, IT IS NOT RIGHT TO CANCEL OR REMOVE ANY OTHER POSTS JUST BECAUSE YOU DONT AGREE WITH IT.
At the very least - you can debate with cotton in private messages. Please stop burying all of the quality information everyone here has contributed. I only intervene because to convince you that it is relevant would be a huge huge huge waste of time explaining a 336 page report on Lehman Brothers Examiner report on Repo 105 and how Lehman's books and txns are so complicatedly tied together and why this damn process is 16 years now. Just please PM cotton any of your claims and you two work it out there. I am trying to keep this the one god d*mn place where people aren't trying to be king or the lord of this community. I want people to find truth in a lying world. I don't mind you disagreeing but spending time arguing when I took time to try and correct you is already a lost cause and when you want to stop cotton posting based on your opinion you should work it out in PM. Not here.
Thank you.
His LBIE and LBH PLC report quotations from the progress reports are 100% fine and relevant.
You are offending the community by claiming LBIE and LBH PLC have nothing to do with LBHI and thus these securities. Last warning. I won't let you bury a good board with false info.
What I have been saying is that for fifteen years, cotton has been cutting and posting irrelevant topics.
And it is a true opinion..
I know for fact because of the structure and operations of the company under LBHI and that very much includes the UK administration subsidiaries. So PLEASE - enough spam and enough of your BULLSHIT self-decided conclusion that the UK Admin reports don't matter to these securities!!!!
No one - I just believe it's wrong to misinform investors because you haven't read the entire twisted Examiners report and if you did you would know that Cotton is reporting a structure that should at least be obvious to you in the LBH PLC Tier X disbursement that LBHI just got 15m GBP from LBH PLC's Administration this past month! It all is relevant, and I can't argue with you about it here and convince you - but you could just realize that cotton reporting LBIE LBH PLC etc is 100% connected to LBHI's PT distributions and exit from CH 11. Please I hate to delete posts but just brush up on it or don't. But do not state what I am honestly telling you is not true. I am trying to help you too to understand how complex and intertwined Lehman's global intercompany claims against its subsidiaries and frozen or "off the books" incompleted Repo105 return of assets to the LBIE and then back on the LBHI consolidated balance sheet in its SEC reports. These are too complicated to argue. I just can't let you be so subjective on the claims you're making because it's not true. Cotton is reporting relevant JA progress reports from the UK that is relevant to these securities which LBHI owns 100% of common stock of all 4 LBHCT PFD shs.
How about me also thinking 100 percent correct???
Just because you think you are 100 percent correct??
I did not offend anyone. And you removed it. Is that fair??
Who’s paying you to remove it??
Yes because I am 100% correct as I have read the entirety of the documents I suggested you read too. So don't keep proclaiming what is not true.
That is why my posts are removed.
Note: Any false information posting that the LBIE and LBH PLC administration is nothing to do with the LBHI CH 11 bankruptcy and exiting from it in order for LBHI to be allowed to resume operations and thru the property trustee write subordinated debentures + pay suspended cash distributions to PFD shareholders owed every Q since Q3 2008 + stat interest will be removed for misleading and untrue information. You can disagree with things, but do not mislead people saying that cotton or anyone's updates on the JA progress reports do not pertain to this particular securities Class 10B in CH 11 of LBHI PT. I will not argue or ask nicely anymore.
Re: Cotton is reporting important and necessary
—-//——//—
Cotton is cutting and posting irrelevant topics for fifteen years!!’
You’re making your own conclusion on Repo. Just read and comprehend the quarterly report.
Re: You need to read the entire Repo 10..
No need.. waste of time .. it’s irrelevant to LBHI distribution of asset.
Read the quarterly report. It is so clear 19 million from LBH LPC just came in but excluded. And if you know your second grade math, you can trace where it went on the table. IT IS NOT INCLUDED IN THE DISTRIBUTION OF ASSET.
Don't be surprised though. Just keep paying attention.
One must really read all 336 pages about Repo 105 from the examiner in 2011 to understand the "off the books" part and the LBI > LBIE >> Counterparty and SFAS 140, Linkletters (UK major legal firm opinion on Rep 105 being a "true sale" and not a regular repo txn accounting wise) and then the mystery of the unknown- yet also why they did it, why the valuation disputes exist, and why sometimes we've heard that creditor claims were met with surplus bc the SIPC for example or even LBH PLC "found more $" to distribute each time they made a payout. Found where? "off the books"?? Like Repo 105 allowed if done thru US assets first transf from LBI or LBSF to LBIE and then sold to a counterparty for 7-10 days before LBIE would repurchase what they sold but also during that period the off the books at LBHI and LBI bc unlike a repo once LBIE the UK broker dealer LBHI subsid. sold to a counterparty - they relinquished full control of the assets > even tho a time period would see LBIE repurch the assets. They then appeared back on the books for LBIE and could transfer back to the books they came from in the US.
Just don't be shocked. This is most likely not going to end when the deadline's are made. It's gonna "shock the world"...
We already know enough to be here waiting.
You need to read the entire Repo 105 and accounting / business structure and consolidated nature of LBIE rolled into LBHI's reports etc etc.
This is not how it all works. Quite frankly you're just like any one else - Lehman Brothers is a tricky ass undwind to understand.
When it comes to our assets, all of the things cotton is reporting concerning PwC UK JA reports are most certainly tied to the CH 11 of LBHI and you could know that just from realizing LBHI is being paid out in the Tier X and Tier Y LBH PLC distributions.
What it is - is one big thing, eventually consolidated back to LBHI and there are quite possibly a Repo 105 or two tx that are "off the books" but will appear in sums of 50B or more $ in an Agency MBS or even a US Treasury bond(S).
Please just read the Examiner report I linked to. You don't understand the way LBHI did it's accounting and how it plays a role but how its UK Administration and LBIE v AGFP legal battle are also critical in the current LBHI frozen CH 11 state. Please just stop claiming cotton is wrong. Those PwC UK progress reports are immensely important for your Trust PFD Shares we all hold.
Knock it off. See my one reply and then read the entire 336 page repo 105 report. Do not post these things they are not true from an accounting or organizational structure standpoint. I know because I read the entire Examiner report how LBHI and LBIE LBI LBH PLC and all goddamn subsidiaries operated and why they are important to do in such an order that they do matter here. Very much.
Please stop with this nonsense. I explained nicely, you're not in any way correct.
Cotton is reporting important and necessary consolidated parts of LBHI which is important for LBHI to exit CH 11 and for paying our 4 DST issued capital trust PFD shares.
It is actually for LBHI's 100% owned common stock of each Delaware Statutory Trust (Issuer of the PFD shares of the four tickers associated with LEHNQ being the board we discuss all four on).
And LBH PLC owes LBHI money. LBHI having money means it can pay thru the property trustee or directly to PFD shareholders what it owes in 1) cash distributions suspended since Q3 2008, statutory interest for late cash distributions quarterly since 2008, and even directly if the shares delist to pay at least $25 liquidation amt per share).
LBIE also matters here. It's run as a consolidated part of the LBHI balance sheet and all quarterly and yearly filings in the US to the SEC.
Thus the nature and structure of the organization matters. Posting about the PwC UK admin of LBH PLC and LBIE is most CERTAINLY 100% warranted and important.
Please don't argue these things unless you've read at least the 2011 Examiner Report on LBHI's accounting, business inter-company operations, and how consolidated LBIE broker-dealer and books are reported in LBHI's report in the US.
https://www.jenner.com/a/web/obFa233r8auoB6xdtZXE7C/4k1Wwn/VOLUME%203.pdf
Maybe if you read that, or you just understand LBH PLC paid Tier X partially to LBHI and Tier Y will also pay money to LBHI you would understand cotton's more aware of the progression of the CH 11 depending on the way the business is structured and how it's operations were performed.
This is a great post. I agree with you too. So what I think we also need to factor in after I read the Examiner full 336 page report on Repo105 from 2011 (yes I went deep) - the fact Lehman was everyone's counterparty or rather a global intermediary with a lot of different trades in Agency MBS, Treasuries, and CMBS and had an illiquid asset problem since late 2007 into the CH 11 in Q3 2008 - a lot of disputes were already coming due to the fact Lehman was hiding their Repo 105 operation from it's quarterly LBHI filings although in a way that followed both Linklaters (a main major legal firm in London) that allowed the Repo 105 to run thru LBIE as a "sale" and not a true repo txn, The US not offering any opinion on if Repo 105 was allowed or not when they asked the FASB (i believe) and when doing this txn where "off the books" US-based assets were sold off the LBI books by moving them via transfer to LBIE (which is rolled up in LBHI reports and consolidated with all other Lehman subsidiaries) then LBIE would "sell" to a counterparty that would buy these illiquid assets (RMBS, CMBS, maybe CRE itself) that LB's didnt want to sell at a loss and for 7-10 days the counterparty would hold these assets with LBIE "buying" them back but also in the 7-10 period the cash LBHI got the instant LBIE sold these assets to counterparties - they would pay down liabilities and also not have any cash either on their asset side of the books. The report would then look like LBHI had reduced it's leverage on its balance sheet and then after 7-10 days and a report where the credit rating agencies looked at the deleveraging as a positive (so not downgrading their credit) - LBHI's books would take back on the assets that disappeared off the books, qualified as "true sale" under a SFAS 140 rule that the asset had to be investment grade - so perhaps only the Agency MBS and Treasuries would be off the books and thru the UK where linklaters gave the opinion to legalize thru LBIE broker dealer and also called this action a "sale" and not a repo - Lehman avoided credit ratings agency downgrades for a longer period than not especially after the Bear Stearns Companies being bailed out and given a sweet deal to JPMC - the balance sheets of Lehman began to be questioned as people couldn't figure out how they were reducing leverage on their balance sheet. They also used the FAS 157 mark to market FASB implimentation for valuing illiquid assets to "mark" their illiquid assets higher than their clearing houses/cp's for repo txns and daily operating money used for LBHI's LBIE LBIE and other global broker dealers dialy. I think that the solution is that some repo105 repurchase of assets either Agency MBS or UST in a value of $50B+ that was generally what repo105 was used to move off the books from the final hours in 2008 might be in between already being repurchased by LBIE from the counterparty and appearing on the books again at LBIE and thus consolidated into an LBHI report being somehow stucks since Sep 15 2008. Or not yet "cleared" by one of the repo105 UK clearing banks or even a US/EU bank. It's impossible to know. But I think that they didn't pay CDS specifically for AGFP when the situation turned to favor Lehman's (LBIE) 28 CDS agreements and bw $465-$5.7B there's something that is missing in Lehman's secretive and now publicly reported by the Examiner in 2011 (esp in repo105) that maybe solve how to value the illiquid CMBS, CRE, RMBS, and other assets that no one claimed they could value based on the market by the time Lehman was due to be paid by AGFP in 2009.
I know that's a lot I just wrote but I think surely there's a lot of public info, and a lot of legal procedures going on that will shape the entire future and not only recover our money for holding these 4 DST issued Trust PFD shares - but also for the fate of ISDA agreements. Right now, if the appeal wasn't filed for the first appeal upholding the subjective valuation done by AGFP and not via the ISDA 1992 swap agreement the two parties entered into in 2005 - then ANY CDS seller can use this case as precedent to reneg on the ISDA and just not pay a dime for a CDS buyer and premiums paid by the buyer and essentially just make CDS (derivatives contracts) a place where the seller of the insurance can just scam anyone in the end. We can't lose the case LBIE v AGFP because it would wreck the entire ISDA swaps agreement contracts between parties and also render it irrelevant bc if the seller of CDS was triggered to pay up in a market shift - they just can say well LBIE v AGFP upheld in favor of AGFP and their subjective non ISDA methodology to value the position and the payout to their CDS buyer and the CDS seller gets to keep the premiums you paid, owes you nothing, and wants $20 million from you.
That just cannot happen. Somethings going on here. It's fishy. But I think it ends well.
I think Repo105 ties into the fact that the AGFP dispute by LBIE is not finished yet but LBIE will win. Quinn Emmanuel is the most feared opposition firm by all legal firms in NYC for the 5th year straight. They claw and claw and win a lot. I am confident this is a planned process a drip drip drip
I read all of this, that money could be off the books for whatever reason due to the CH 11 and 2 UK administrations esp LBIE happeing just before CH 11 was filed early Monday Sep 15 2008 EST: https://www.jenner.com/a/web/obFa233r8auoB6xdtZXE7C/4k1Wwn/VOLUME%203.pdf
Y'all got me losing my future earnings. What is the present value of my age? When you receive cash from LBHI's Bankruptcy, that cash goes back home and brings its' friends to live in your bank accounts:
YOUR POST DOES NOT BELONG HERE. THIS IS NOT FOR LBH LPC, NEITHER FOR LBHIE. THIS IS FOR LBHI, The mother company bankruptcy. YOUR POST IS IRRELEVANT.
Keep 'Yelling' at her...until Janet comes back home. Sanction herself?
Correction:
OR else, December 6, 2025
“LBH PLC .. EXCLUDED RECOVERY”
Not included in the final distribution of LBHI.
Don’t be stubborn.. look at page nine of December 31 quarterly report. It is also indicated in the cash flow table. But unfortunately, it seems no one in this board knows how to read those numbers.
Real777. I Shared This Post on COOP and FNMA.
If the CDS insurers paid for the ABS(MBS, RMBS, REITs, and other) losses as required by the derivative contracts.
Then WMI/WMB, Lehman’s, and F&F would all be completely solvent.
Few understand that the Credit Crisis of 2008 was that the derivative insurance contract writer’s couldn’t cover as an unregulated insurance company.
For the Mortgage market Securitized Trusts created by the likes of WMB, the banks exposure went to zero because the derivatives covered the losses.
The Derivative Market of 2008 was $83 Trillion of which JPM wrote 57% of the total contracts.
Housing; $13 Trillion (source: US Treasury).
Now most of the mortgages where in notes.
By example;
JPM’s posable exposure to the insured mortgage market loss of 10%;
$13,000B x 10% x 57% = $741 Billion.
JPM was already underwater.
TEIR 1 of only 3.5 according to JPM’s own 2008 10K. WMB was 7.8 from the same filing.
I mostly post the COOP MB.
Ron
LBIE ECAPS CASE IS IRRELEVANT TO THE FINAL DISTRIBUTION OF LBHI ASSET
Excerpt:
SECTION 7.1(a) OF THE PLAN TRUST AGREEMENT (THE “PLAN TRUST AMENDMENT”) TO PROVIDE THAT THE PLAN TRUST SHALL TERMINATE ON THE EARLIER OF: (I) THIRTY (30) DAYS AFTER THE FINAL DISTRIBUTION OF ALL OF THE STOCK DISTRIBUTIONS IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT, THE PLAN AND THE CONFIRMATION ORDER AND THE CANCELLATION OF THE PLAN TRUST STOCK AND (II) DECEMBER 6, 2025.
—-///—//——
“THIRTY DAYS AFTER THE FINAL DISTRIBUTION”
OR else, December 6, 2026.
Git r done! Someday!
Told yall 2025 lol
Solve the problem from the bottom up. All of LBHI's Senior Creditors' are 99.9% satisfied in full. Review the remaining percentage payouts.
Cheers
I am having trouble finding the Classes of each LBHI creditor and the % they have been paid thru LBHI PT 28th distribution It took place 4 April 2024. Do you have anything besides the 28 March 2024 notice I could see the updated classes and their distributions/claims %?
All of the Lehman Group Senior Creditors' received 99.9% or 100% of their cash ($250 Billion plus) from the Lehman Brothers' Bankruptcies, then the car has a $500 million flat tire and they lose or delay the race for years and years. The CTs Holders' want their cash now! Damn Shame
My partner in our LLC is a Canadian perm resident. Unfortunately I believe you cannot without perm residence or citizenship. Maybe see if you can set up a Canadian corp similar to how people set up Wyoming LLC to open bank and brokerage accounts in the USA? Remember, so long as it's legal - you have a right to access markets just like foreigners do in the US banking and brokerage institutions. :)
Can us citizen open a canadian stock investment account?
seems like vol picked up a bit since it was dead in Nov Dec Jan. That's interesting - also filling thru Canadian retail brokers was seemingly impossible. They prob wouldn't fill me if I had bids in. I quit trying to buy more in Nov - October thank god was amazing. 4,000 shares filling at a time good liquidity then just vanished.
2550 KQ’s; 200 MQ’s. Somebody can buy some……..
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Moderators stoxjock cottonisking real777mellon |
IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
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