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ASSET DID NOT INCREASED
IT WAS LBHI LAST ASSET TO BE RECOVERED AND TO DISTRIBUTE.
LBHI WILL BE TOTALLY BROKE
I don’t know your age but it seems you guys are forgetting “All asset must be distributed until creditors are satisfied in full”
Yes you probably wouldn’t…
🚀🚀🚀Thank you very very much! We all have dreams and goals.
Assets flowing... from affiliates maybe. And amount has increased IMO
I DONT SEE ANY SENSE WITH YOUR POST..
JD Oliver ??
Very common name.
Is this cousin??
J.D. Oliver did attend a Historically Black College and University (HBCU). According to his book "A Heart of Giving", he received a bachelor of science degree in industrial education and mathematics from Prairie View A&M College (now Prairie View A&M University).
pen_spark
Opens in a new window
en.wikipedia.org
Prairie View A&M University
Prairie View A&M University is a public land-grant university in Prairie View, Texas. It was founded in 1876 and is the second-oldest public HBCU in the state. The university offers a wide range of undergraduate and graduate programs, including programs in science, technology, engineering, and mathematics (STEM) fields.
J.D. Oliver attended a Historically Black College and University (HBCU). According to his book "A Heart of Giving", he received a bachelor of science degree in industrial education and mathematics from Prairie View A&M College (now Prairie View A&M University).
pen_spark
Opens in a new window
en.wikipedia.org
Prairie View A&M University
Prairie View A&M University is a public land-grant university in Prairie View, Texas. It was founded in 1876 and is the second-oldest public HBCU in the state. The university offers a wide range of undergraduate and graduate programs, including programs in science, technology, engineering, and mathematics (STEM) fields.
Retirement may be around the corner for me. But I might be around to begin to enjoy it. Time is flleeting for all of us.
Wish I had time to for Higher Ed. But Just found out a acquaintance passed.
I thought LEHNQ was a good play to go that Higher ED route... I was wrong... And wasted time.
But this was a nice piece of entertainment. And segway to real life. GLTUA
Just a small note.. 250M or 1/4 of a Billion!! Nice momentum. I would think..
MONTHLY REPORT FOR MAY 2024
We may see it today or tomorrow. We will see then how much cash from non controlled affiliates came into LBHI after the April distributions.
Cash flow estimates indicates about 67.6M more must come in for the final distributions.
——-//——-//——-
REPOST:
MARCH TO APRIL 4..
..MONTHLY OPERATING REPORT
SOURCE OF CASH 252.4M
FINAL CASHFLOW ESTIMATE FROM DECEMBER 31 QUARTERLY REPORT IS 320M
—————————————————
DIFFERENCE 67.6M
67.6M MORE TO BE RECEIVED FROM VARIOUS AFFILIATES IN ASIA AND EUROPE.
POR TO CLOSE ON 2025 OR AFTER THE 29th DISTRO
How is it going to end for WAMU, LEHMAN, FNMA and FMCC? The biggest crime of the century and no one is in jail. Thanks for your time and efforts.
This Post is Also Important to Lehman’s.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174509702
Please see the the responded to post for the outside commentary (link).
Yes regarding Lehman’s.
Ron
Wow, That's nice to hear, thanks for sharing! I really hope they'll close the BK ASAP as then we'll trade at the FV. GLTU!
You may enjoy reading about the twin Oliver's brothers, my first cousins and mentors from the age of 14, versus looking at more Lehman Brothers' cases. Enjoy a few more Hunts:
MEMORIAL DAY, a few words.
As we enjoy family and friends remember the true meaning of memorial day. It dawned upon me while at dad's grave, in a veterans cemetery, the sea of flags. Beautifull.
SOME made the ultimate sacrifice so we could have this day to enjoy family and friends. They gave their life. It is to those soldiers I give my prayers of thanks. And until my last breath I will remember your sacrifice and give you a prayer of thanks.
Amen
Looking back with more facts on the LBIE vs AGFP case, why did Judge Shelley C. Chapman turn down this case that has plain and simple contract language?
🙏👁️🙏Jesus will not alter your will or motivation, but he will alter your life.
208 NQ’s.
Thx Blue, will contact you back shortly. Congrats on the purchase, get out there and enjoy. Cheers
just tell us how much and when?
🆘🆘🆘 Sir: Protect only Canada and not the United States' Investors.
disagree. If you went back and looked at the past you'd find the state of LBHI and the consolidated subsidiaries on its balance sheet and specifically the Repo105 transactions that LBHI was not allowed to clear by JPMorgan Chase without post $7B or so in extra collateral over dispute on the assets. If you know the Jenner report on the accounting practices of LBHI and it's subsidiaries and how the balance sheet worked to get assets both off-balance sheet to third party institutions for cash that would go to LBIE but also show consolidated on LBHI's balance sheet instantly you would know there's probably money stuck in one of these Repos that accounting wise would make sense given the UK Administration of LBIE and LBH PLC began hours before the market opened and before LBHI filed the CH 11 also before the market open on Sep 15 2008.
Therefore you wouldn't be thinking about losing anything. You paid cheap for these and you're lucky to remain holding. Sure don't think everyday - but follow a long and instead of driving yourself insane with possibilities learn all the details and complexities surrounding the accounting and the breakup of the bankruptcy, "administrations", SIPC liquidations, and other unwindings and sales worldwide. You might find peace in knowing more about how this process will play out and when and timing is a clear advantage of a good thorough accounting and operations review of where Lehman was with it's parent company when it filed Ch 11.
My two cents (although I bought plenty at just 0.01!).
Comic Book Guy would say "Worst Appeal Ever" for how long it's taking for common sense that allowing AGFP a way out of the ISDA 1992 agreement entered because it wants to use an "alternative" method to calculate what the CDS were worth based on Lehman's exposure back when the time came to pay up is a way for any other ISDA agreement for CDS to be weaseled out of when it's time to pay up by using some "alternative method" and "auction" which is not part of the agreed ISDA when entering into the arrangement. That would be a precedent that I wouldn't make as a judge with any common sense. Otherwise why even have ISDA's?
You can flip on the terms after following ISDA terms for all the premiums paid by Lehman when AGFP wasn't in danger of being forced to pay up then make your own rules up and have the court rule in favor because the precedent becomes that you are forced to pay up and you legally say no, we value it differently. They go to court and then what? Never in my life have I seen such an easily won case by the #1 law firm in the city which is Quinn Emmanuel LP in NYC representing Lehman be dragged along by this Melissa A. Crane who thinks the law just changes whenever the agreement is broken and alternative measures suit the one liable to pay out those CDS with a market value that's tied to Lehman's exposure at the time the swaps should've insured their losses from the market switching and the MBS crashing.
Also there's a lawyer on this appeal called John McAfee Super. If the Super McAfee is alive as some back from the day deity - how can they lose? Melissa A. Crane get your shit together!
Enjoy the Hunt! Otherwise, close your eyes and wish for a rainbow or pie to fall out of the sky!
The crooks read and post on this board too! This case is much bigger than Lehman Brothers' derivatives. Shine a light on that coon that is trying to hide in that tall oak tree. 🤑
80 LQ’s & 1,450 MQ’s.
Just stay active stocks. I appreciate you posters that posted level 2 bid/ask. It fits my thesis that we’re on this listing to keep retail out. Why I obviously don’t know but i can logic it out. The strong bid and no retail. You don’t stay a pro trader long without understanding what’s going on.
We’ve all placed our bets, yep don’t stress on it. One day it’s “ to the moon Alice” or gone. I actually like that there’s no $ value in my portfolio. At this point the tax loss is a higher value than the stock value in my portfolio. We can’t lose from here either way.
Cheers
👁️👁️Current News for Framework
Agreement's Y and Z Distributions:
Stop the theft!
Settlement Agreement soon?
Modified versus Standard ISDA Master Agreement Contracts:
After all these years, we were working on the wrong case (Trillions). These dudes (AGFP and gang) cannot read the CTs' prospectuses and the ISDA Master Agreements. Both contracts are based on New York law. Thanks to SCOTUS for their 2019 decision in the CTs Holders' favor [Executory Contract Rights survives rejection...].
Good comment. Wise thoughts.
This is an investment that you should not worry about, do not follow closely, and do not try to go back to past news in search of a point of light.
It is an investment that you will wake up one day to find yourself either a millionaire or a loser of a certain amount that you have already forgotten, you have been able to move on with your life during the past 15 years without it, and you will not be able to compensate any part of it if you sell it at current price of $0.003!!
Relax and wait for that day, whether it is tomorrow, in a few months, or next year!!
GLTA
"Bid 0.0003 x 773,200
How much longer? Hell, we do not know...if we did know, we would extent the Bankruptcy until we buy back all the damn CTs' for 0.0003."
not selling less than $25, likely not before it hits $55, they can play as many games as they want. what do you say joe?
216LQ’s. Somebody didn’t even bank enough for sugar$ for their coffee.
Where is white-collar Island, State, Country, or Planet? Help! Help! Help!
Bid 0.0003 x 773,200
How much longer? Hell, we do not know...if we did know, we would extent the Bankruptcy until we buy back all the damn CTs' for 0.0003.
It feels better, when you can blame an Entity.
🧤 🧤🧤https://www.alvarezandmarsal.com/our-people/jonathan-tibus
https://www.nrn.com/casual-dining/red-lobster-names-restructuring-expert-jonathan-tibus-ceo-replacing-horace-dawson-who
🔦🔦🔦 More prime real estate...for sale with 100 restaurants closing.
Thanks for the info! I tried to see if I could place a bid as I am US based and I got the same message I get from all other US brokerages - "only closing positions are allowed"... The bulk of my Lehman CT's I have to get from a partner that has perm residence status in Canada as I heard back in 2022 you could use any Canadian brokerage to make bids but thus far that's all that has worked to acquire these as the US has completely stopped allowing bids to open orders and buy more of the 4 CT's on ever platform I tried even though no rule or SEC reg or any reason is given just - SOL. Does being located in the UK but using IBKR Pro make a difference? Have you purchased since 2023 any of the 4 tickers?
Exit Bankruptcy, collect dividends and focus on real estate deals like this one below:
It was convenient living in this area in 1981. In 2021, whether I delivered flowers at 2 pm or 2 am, in this area on Westheimer, the people people people were out 24/7...Home Depot, Lowes, Target, Costco...this property would make a nice Condo.
Stop trying to buy CTs until you are 99 dudes. Exit Bankruptcy...and deal with old money.
Hi Mellon,
I've had all these years Lehman securities on Interactive Brokers account. I'm located in EU and I'm using my local bank so called "trader service". That local bank is using IB platform that is skinned with their logos but the platform is IB. Those Lehman CT asks and bids have always been there with such wide spread. Yesterday when you posted bids and asks I checked my account and I had exactly same figures ... only in USD, not CAD.
Cheers
Slim
Maybe it has something to do with IBKR Pro and connection directly to counterparties on the OTC. And to exchanges on listed stocks. IBKR doesn't use dark pools - so we may be able to peep direct quotes whereas these goofy dark pool using brokerages remove the feature and only let their dark pools peep the bid and ask before you get "matched" and filled if you're lucky.
RE: I dont??
—-//——
YOU REALLY DONT KNOW.
The ninety or ninety five discount range is for a high risk, high reward type of investments. Financial institutions will not deal with such type.
THEY ARE NOT GAMBLERS
No, they just don't block out the bid/ask quotes like US brokers have since 2021.
Has nothing to do with being informed. Just reporting what people have placed orders open for and what quantity since IBKR Pro is the first platform I've seen actual bid/ask in 3 years.
WOW even the Canadians are better informed Than we Americans about our own Bankruptcy. Especially the Value . IMO
IBKR PRO showing me all the bid and asks. All are priced in CAD. I can list the asks for the first time since switching to IBKR Pro - they are not something folks want to offer cheap according to IBKR :)
LEHKQ 21.50 CAD x 100 ASK
LEHLQ 19.00 CAD x 100 ASK
LHHMQ 5.00 CAD x 10,100 ASK
LEHNQ 0.40 CAD x 2,500 ASK
Nice that the people aren't just firesaling. Must means folks value these shares much like us and like SoutheyCapital's quotes of the ECAPS I II and III when they were last quoted in 2022 with an ask in the 19-22 GBP range as people figured the distribution for ECAPS was going to be quite good thanks to 2023 court rulings and announced distributions to holders.
It's the first time I've seen a platform show the bid and ask since the OTC Markets Group Expert Market and CE taking out the bids, even when using Scotia iTrade or Questrade in Canada to get shares 2022-2023.
It's still quoted in CAD so I assume IBKR is getting these quotes from some Canadian brokerage where these bids/asks are being posted by people trying to buy cheat or sell for a higher ask.
Not sure what to make of it but nice to see $21.50 CAD as an ask for a LB's CT PFD share in May 2024. :P
I dont??
... But I know.
See here.
https://cbonds.com/bonds/313201/
Surprise !!! Its worse....
I was being generouse.
IBKR Pro and my Small Business Brokerage Account for my LLC my assets are held in shows a bid and an ask for $LEHLQ. A first since I saw them take the bid and ask off entirely on platforms almost 3 years ago.
Basically can see what a seller is willing to sell (100 shs) and @ 19.00 CAD per share of $LEHLQ. Neet to see.
"Most likely a 90 to 95 percent discount."
Well, at a 95% discount they must expect at least $1.25, a 90% discount, $2.50.....just to break even....I doubt they bought, to 'break even'. imo
RE: 90 to 95 percent discount.
—-/:///——
How do you know?
Most likely a 90 to 95 percent discount. Or paid 6150 (M). IMO
⛓️🔗⛓️🪝🏃Who benefits from this delay? Jail Time?
🤭🤭🤭Modified versus Standard ISDA Master Agreement Contracts:
The language in this case is so plain and simple to follow, what is really going on here?
It is sooo boring.
Loosing interest. By the day. It took 15 years though. Lol
68K’s
75L’s
1200 M’s
Boring
Just keep trading til the phoenix rises.
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IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
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