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I'm trying to understand why I need to relax. I'm taking time out of my life to explain what toogood is reading and also to stop the incorrect attacks directed at cotton. I think I've been nice. I'm not trying to win I'm trying to keep this board from becoming a place that calls out people like cotton when the person doing so is making incorrect statements.
STOP IT!! IRRATIONALITY IS NOT WELCOMED.
DONT BRING YOUR RELIGION HERE
THIS IS A DISCUSSION BOARD FOR LBHI
For the love of god I tried to help you understand this from 336 pages of Lehman's examiner report on its accounting structure and record keeping consolidation for SEC reports etc and on its bal sheet to help you. Would you shut the h up?
NO ARGUMENT WITH AN IRRATIONAL
All I ask is to not directly callout someone's information shared irrelevant and not tied to blah blah blah when it is. I have tried and wasted a lot of time to nicely explain and link why the information being called irrelevent toward cottonisking is a false statement. If you're going to say someone's spamming info that doesn't tie to these securities and you're clearly wrong because it's all over and I even took time to link and explain. My last post took a good 25 mins to type, you need to cut it out. Either drop it or agree to disagree then stop spamming how right you are when you are in every accusation you make of irrelevance 100% wrong. I chose to moderate here because I want to keep this a clean place where even if you're not 100% correct you're allowed to share you 2 cents. If you're going to call out cottonisking for example and you're 100% wrong about his info being irrelevant to the securities and LBHI PT distributions etc because you can't grasp the consolidated balance sheet of LBHI and the two UK subsidiaries and then some - I explained for the last time in my latest reply. If he continues doing this he keeps burying information that clearly tries to benefit anyone in this Class 10B securities group as well as his misunderstanding. But to keep on spamming to "be right" you're crossing the line. You continue to post untruths directed at someone who is actually sharing information that matters to the progression of the LBHI PT order of distribution for eligible claims and you need to STFU. This is not a place I want to read like FNMA's board where everyone has to be the king or the big dog that has "been here the longest" etc. This isn't a tribal place and if you're gonna incorrectly spread information and accuse others of spam which its not while you ARE spamming and only for your own "being right" then you should GTFO. You are only ruining this resource for 99% of the people who keep eachother informed. No one cares if you're not right or right. But knock it off about cottonisking because he is sharing relevance toward what you're reading you just don't seem to grasp the consolidated balance sheet and how a non-bank financial institution keeps books but doesn't move cash around like a bank etc.
Excerpt:
In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan,
——//——-
IT IS SO CLEAR THAT THE GOAL IS TO SATISFY IN FULL TO COMPLETE.
AND NOT TO WAIT FOR EUROPEAN PROBLEMS TO SOLVE.
OPERATING REPORT EXPLAINED, THERE WILL BE A SUBSET OF THE COMPANY TO REMAIN TO MANAGE THE UNFINISHED BUSINESS IN EUROPE.
It doesn't come to LBHI like a transfer from LBIE <-> LBI. I've been trying to politely inform you LBIE is consolidated into the balance sheet of LBHI. Thus if LBIE is doing a Repo 105 transaction where assets were transferred from LBI (US) per the opinion of the UK Linklaters legal stipulations on Repo 105 and that transfer of US-based LBI assets are then sold by LBIE to a Counterparty, they disappear from LBHI's books as soon as LBIE books relinquish control to the counterparty to hold the asset for 7-10 days. Immediately the cash that the counterparty sends to LBIE is automatically on the asset side of the LBHI balance sheet - because it's in the LBIE books and LBIE's book is consolidated in LBHI's balance sheet. This is in every report made by LBHI to the SEC. Now, the rest of Repo 105 need not be explained to make this point.
If "19M ECAPS (distributions from the Administration of LBH PLC) ended up in LBHI's quarterly report," you must grasp that LBHI is not holding the money itself nor is it "transferred" - the report you're looking at is money consolidated from the books of one of the two UK admin subsidiaries and then consolidated as part of LBHI's balance sheet. The "money" you talk about is not yet disbursed from LBH PLC to the shareholders managed by the Joint Administrators appointed to the LBH PLC administration. There is specific documentation from what you're describing that the "money excluded from the cash available to disburse to Class 10A ECAPS I II and III claims in LBHI PT distribution notices is because they are investing that cash in short term investment grade products like Treasuries to gain interest on the total amount of cash they have before the appointed joint administrators are ready to disburse cash from LBH PLC's ECAPS I II and III bond holders. Just like ongoing litigation with potential recoveries from LBIE v AGFP, that amount of cash is not yet in LBIE's possession until they win an appeal, in the same instance - though it is not disbursed like the cash you call excluded, as soon as LBIE receives the cash in potential winning the appeal and ending the litigation > it is also on the balance sheet of LBHI and would show in any sort of notice of distributions as cash for whomever the CH 11 class is set to pay out in order of the consolidated LBH PLC ECAPS claims Class 10A or perhaps to the LBH Capital Trust III, IV, V, and VI issued TruPS (LEHNQ and the three others) to start paying their 10.334B in eligible claims. You also point out my explanation of what the LBH PLC money not yet ready for joint administrators to disburse to ECAPS I II III bondholders (Class 10 A) is doing in the LBHI balance sheet's specified accounting which consolidates both LBH PLC and LBIE's broker-dealer book in it's balance sheet. The growth is from the very investment I described to you that they put that cash not ready for PwC UK's appointed joint admin to dsitribute yet to Class 10A claims so the total amount of money for that class is now 57M USD being invested in short term investment grade things like AAA rated US Treasuries.
The 142M number you have you must be more specific, and the 179M USD for the distribution if you mean LBHI PT 28th distribution on April 4th could be for US subsidiaries issued assets or inter-company lending from LBHI to its subsidiaries in the US to Europe - it could be for the LBH PLC Tier X and Tier Y money to pay ECAPS holders something like 94% of the Tier X round money allocated for that distribution and the 6% to LBHI from LBH PLC's intercompany lending from it's parent it still had not yet paid back because of the order of the overall LBHI PT Classes and who gets paid first. However what you need to understand is that nothing "moves to LBHI"... If LBH PLC issued ECAPS I II and III and since they are not reg with DTCC, the claims are made by a deadline by any of their individual ECAPS bond holders. Then 2 months from that notice the LBH PLC distributions to ECAPS and LBHI in "Tier X" (Y, etc) LBHI will have the money it receives from the distribution already consolidated in it's balance sheet and then be able to distribute or hold on to it for it's own distributions. The money distributed to the ECAPS holders who filed claims before the deadline get their cash and the money ultimately under LBHI balance sheet which was held in the UK (never moved to "LBHI") is removed from the LBHI balance sheet as it is also paid out not from LBHI and transferred from new york but rather just paid out and transferred to whichever brokerage account of bank the claimant filed with his ECAPS claim.
You don't grasp the fact that while the money may leave from the books of LBIE or be distributed from LBH PLC issued ECAPS bonds and claims on LBH PLC both of their financials are rolled into ever LBHI report to the SEC from the parent. By paying down what is owed from a subsidiary administration to a subsidiary issued bond that is consolidated into the parent LBHI balance sheet, LBHI the ultimate parent holdco of these UK administrations, LBI's books etc - LBHI also pays down it's own liabilities by counting the money distributed to ECAPS holders as part of LBHI's % paid toward Class 10A claims eligible for these distributions.
It's not separate. The is a non-bank financial institution so there's no "account transfer" going on, this is merely book keeping in fact you can probably find the different banks being used or even where the invested cash not yet ready to be distributed is being held wherever the money for LBH PLC distributions thru LBIE's books makes a purchase of gilts in the UK or in the US where any cash LBHI has not ready for disbursement to claims is invested in Treasuries and held in account at somewhere like BNY or JPMorgan Chase Manhattan Bank, N.A.
I'm giving you a general idea of what a consolidated balance sheet you're seeing in these LBHI PT SEC filings/distribution notices include and that nothing is transferred "to LBHI" from the UK subsidiaries, rather what is in eithers books, etc is immediately rolled up into the LBHI balance sheet you are looking at.
Please stop trying to say everyone is dumb and you are 100% right. This is a simple explanation for your benefit. I am not doing this to "win" - I just want you to quit spamming trying to prove how "Right" you are.
Who the hell cares?
Just clarifying 336 pages of Examiner reports on how LBHI as the global parent rolls up it's subsidiaries books into its own balance sheet and SEC reports. Now enough of your crusade and anger. Please stop teaching something that no one is asking you to prove.
How exactly is "Posting' 'Cut & Paste' of a Very Important Judgement Order by the UK High Court regarding the 'Settlement' between LBIE , LBHI and 'other parties' that is resulting in 'apportioning the monies' being received as 'Revenue streams' by 'subsidiaries of LBHI' IRRELEVANT to anyone holding any flavor of LBHI Securities/Escrows???
Re: Exactly! IF as TG claims that the two BKs are 'completely unrelated'
——
YOU ARE INVENTING THESE WORDS!!!
I DID NOT SAY IT!!!!
Exactly! IF as TG claims that the two BKs are 'completely unrelated', LBHI need not have to 'keep on waiting' for the BK cases of the 'subsidiaries' across the Pond to close first...there is a reason we are following the 'sequence'...
Awesome! That's what I have been saying all along but you know who will vociferously deny any such inter-dependencies...
…, so by May 4th
Or December 2025
…got it TG thanks
Since you can buy on the Expert Market you might want to look into SBNY/SBNYL.
RE:
IT ONLY NEEDS A SECOND GRADE MATH TO SEE WHERE THE MONEY IS ALLOCATED IN THE REPORT.
——//——-//——
On the cash flow report of December 31 statement, The 19 M Ecaps money is added to the unrestricted cash investments. It was indeed 38M in October 5. Added the 19 M in December 31, have a total of 57M.
The 142 M restricted and unrestricted cash is explained as reserves for many other expenses and payments. While the estimated (“estimated”) 179 M is for the distribution.
The 28th distributions in April 4 is 176.7M.
Getting Close.
Hope you are doing well.
Joe K.
I know. Till last night's loss. They finally got it going. GO METS.
I saw all the posts this morning and said shlt.... something happened.
Re Lehman. If anything else, 2025 is on the horizon. Be good JJPK. Git R Done...
12 years of age much?
BTW, J SHARES IS SAFE AS LONG AS THE NOL IS PRESERVED.
I’ve been saying it for fifteen years.
NOL IS THE ONLY HOPE
I PROBABLY HAVE MORE CTS AND PREFERRED THAN YOU HAVE.
📈🤑
🪥🚽 Please go and find his J shares. He never wanted any CTs according to his past actions. We will wait on LBIE's IRS refunds. Just keep on yelling...
real777
relax some people do not understand this complex structure
you are correct
controlled uncontrolled consolidated un-consolidated et. al.
lbhii owns these affiliated companies
they can be uncontrolled i.e. independent board
yet board can be change
unconsolidated to tax/earnings reporting
lbie is own by lbhi
retain capital of lbie is lbhi
the real question is will lhbi be allowed to transfer capital out of these
European and Asian affiliates
imho yes
REMEMBER FOLKS:
19 M ECAPS MONEY FROM EUROPE CAME IN TO LBHI BUT EXCLUDED ACCORDING TO QUARTERLY REPORT.
AND IT ONLY NEED A SECOND GRADE MATH TO SEE WHERE THE MONEY IS ALLOCATED IN THE REPORT.
RE: Let IH Admin deal with the spam.
I ALSO HOPE THE ADMIN SEE YOUR ACTION OF REMOVING MY POSTS JUST BECAUSE YOU DID NOT AGREE AND YOU THINK YOU ARE ONE HUNDRED PERCENT CORRECT.
HMMM.. WONDER WHERE IS THE SPAM HERE???
ANOTHER IRRATIONAL THINKING???
Just ignore. Let IH Admin deal with the spam.
I’m sitting it out despite the typical IHub mayhem!!
Thanks for your posts!
Hope this wraps up soon….
IN ADDITION:
Excerpt:
In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the Commencement
Date, subject to all of the terms and provisions of this Trust Agreement, the Plan and the Confirmation Order (the Beneficiaries’ interests in such Stock Distributions and the Plan Trust Stock, the “Interests”).
REPOST. NO NEED TO PAY ATTENTION ON EUROPEAN PROBLEM THAT COTTON AND MELON HAVE BEEN POSTING BECAUSE THIS IS VERY STRAIGHT FORWARD. IT IS INDEED APPROVED BY THE COURT AS AMENDED VERSION.
THIS IS THE BOTTOMLINE
NO NEED TO MAKE ANY OTHER INTERPRETATIONS. IT IS STRAIGHT FORWARD.
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, 2025
RE: no opinionated untruths will be allowed..
INTERPRET THAT OTHER POSTS ARE WRONG AND UNTRUE JUST BECAUSE YOU THINK YOU ARE ONE HUNDRED PERCENT CORRECT.
GO AHEAD., RATIONALIZE MORE!
GO AHEAD: RATIONALIZE YOUR ACTIONS BASED ON YOUR OWN INTERPRETATIONS
RE: THIRTY DAYS AFTER THE FINAL DISTRIBUTION”
19M FROM LBHIE LPC (ecaps money) EXCLUDED… (quarterly report)
Btw, MY SECOND GRADE MATH HAVE TRACED WHERE THE 19 M went..
FINAL NOTICE, no opinionated untruths will be allowed specifically at others community posts when factually wrong and misleading to the community here of investors. STOP the spam.
NO ARGUMENT WITH YOU!!
Here's one point to consider that you should not be claiming this.
LBH PLC is the one disbursing funds to ECAPS I, II, and III.
LBIE is just a broker dealer in the UK and a subsidiary of LBHI that like LBH PLC is under the administration appointed by the UK to PwC UK.
Since the book at the LBIE broker-dealer is consolidated in LBHI's reports as the global parent company - ECAPS are in Class 10A of the LBHI Plan Trust claims for the reason that LBIE's "book" (assets/liabilities) of both UK issued assets like the "ECAPS" LBH PLC issues, or even the Repo105 transferred LBI (US broker-dealer) assets to LBIE's books to then be sold to a counterparty as part of Repo105 transaction and Linkletters legal opinion that US assets (LBI or LBSF) had to be transferred to LBIE's book and the sale of the assets to a counterparty was on LBIE's book, then immediately the cash from the sale appeared in LBHI's master global balance sheet.
ECAPS are thus part of LBHI PT Class 10A claims and in each of the 28 distribution notices.
The securities for this board's discussion are Class 10B claims in LBHI PT distributions.
That's clear as day.
This is the end of the discussion.
THIS IS THE BOTTOMLINE
NO NEED TO MAKE ANY OTHER INTERPRETATIONS. IT IS STRAIGHT FORWARD.
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, 2025
I SAID RATIONALIZE YOUR ACTION AND THIS IS YOUR IRRATIONAL RESPONSE.
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..
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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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