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Hey, Argus. I just look at filings there as I do here and it seems dates have passed and now it should be payday. How much... OT Heading west tomorrow, if the roads are good, as this 2nd ice storm did a lot of damage to my sister's home in Shreveport today. No plows, salt trucks, much less snow shovels. It's the South. Oi vey.
Hey Boyos, just checking in. Hope all is well with us survivors...lol. We good here in Sweet Home Alabama. Still looking at the filings, articles, comments, etc... Not much to say except WAMU comes 1st, look across the pond then us. Full monty plus...always.
If we don't paid, guess where we are all going, eh? We good.
We still hanging, Joisey. All good.
Hey Argus. Wanted to get away for a bit and refresh the ole noodle. I get updates from where I always got them over the years, so I didn't miss a thing. Over there, a number of folks who do great DD, are of the opinion that next month may be the end and a distro to come. In the $12-$20 range. Of course, I heard that bullshite for the past 12 years, but both these plays have to end...and soon, I hope. Life is still good, Buddy.
Just checking in to see what's up. A lotta badda beep badda boop badda bop going on and that makes for good reading. See the fin gang is taking over...lol. Full monty plus...always was and always will be for me. And WAMU paid 1st, then us.
Heard that, Gold. I ain't going nowhere with my boatload except to Fidelity and Raymond James.
Me, too, Argus. Never left. As I mentioned, there is virtually nothing going on to comment about. And I get my info from filings and PRs. Got too much tied up here to abandon.
Oh, speaking of Canadian, got my sights on property around the Midland area, just north of Barrie. Spoke to a few relatives and buddies last week who live in Barrie...the city was shut down for 2 days due to snow. Plows could not get out. Go figure, eh? It's the Great White North fer chrissakes...lol.
Just checking in as there has not been anything major to weigh in on in a very long time. I just keep up with Pappy through the dockets as well as business publications/television.
Nothing more needs to be said except when is phucin' payday, eh?
Me too. Quiet is good.
Small change. Disgruntled investor. It's the end game.
Pappy is next to emerge.
One more thing. A motion to close the WAMU BK has been filed.
Always said - that goes first, then Pappy.
And still looking at Brexit. UK needs a few money men to get trade deals done. Pappy comes to mind.
You mean the deuce is still alive?
I thought he died.
Right here, Argus. Just lurking for a longer time than I wanted, but it's all still good. Nothing but positive vibes on the way to the full monty plus.
But I'll posit a theory to chew on. Pappy is heavy across the pond. Has a bit of dosh. What's coming shortly, eh? Brexit, with no preconditions, just get the hell out. Big trade deals Britain will do. Maybe Pappy plays a role. Just sayin'.
In the meantime, have a few Sinatras as no labor this weekend. Beer drinking and college football.
Roll Tide.
Hey Iron Man - good tune by Black Sabbath, by the way - been there and done that with that play. Loaded my boat early in the play and left when I had enough to fully retire at 56. I'm 63 now. Booyah! Just waiting for these other two legacy plays to hit and the proceeds are going to the family and charities. Good luck here and over there.
In the meantime, have a few Sinatras and get the garden ready.
Thanks Argus for the kind thoughts. And over the years, you know how I feel about the outcome.
OT - Every Saturday I listen to the Leafs feed on the internet. After the 3-0, I just got another Sinatra and just waited. The announcers - Joe Bowen and Jim Ralph - were flippin' going crazy on the comeback. Especially an Original 6 match up. That's HNIC - lol.
No worries on my front, Score12. All is well. Just a bit busy getting the property ready for planting the beginning of the month. Long growing season in Sweet Home Alabama.
You know, I've always said - once I figured it out a few years back - that looking across the pond is where the real action will be and has been. Pappy in America is 2nd fiddle. And we are lucky to have a couple of good hound dogs here that dig into that info from Britain. So posting drivel just to post isn't my cup of tea. I do have a few sites that I visit, including Epic, to check on the progress. And right now, as for the past 10 phucing years, it's all about the next date - lol. But I am still of the belief that the full monty plus is coming our way and you know the reasons. As with WAMU, they can't keep this shite going on for much longer. Since we have major climate change coming - Spring - at least a few cold beers should make the wait bearable.
In the meantime, have a few Sinatras and get yer smoker ready - brisket is great.
Keeping it simple, Ron. It'll finish like you mentioned. Almost planting season, which overrides a message board.
No worries, the full monty plus is coming for both.
Here's to all for a healthy and prosperous New Year.
In the meantime, have a few Sinatras before the ball drops and for the old gits, this was New Year's Eve...
Talk to a Certified Financial Planner. It's worth a couple bucks to do that, especially with this play if you hold CTs and OBS. Then, you can forget about it until the ship comes in.
In the meantime, have a few Sinatras and research a bit. It's all out there to protect your money, if you choose.
Well SCA, not to be a wise guy, but if a frog had wings, he wouldn't whomp his ass on the ground every time he jumped. You can figure that out.
One thing I did and you may consider, depending on your age and situation, is to put these shares in a trust for the next generation. I don't have any snowflakes in the family and they all have guns. And are good with money. The lack of info from Pappy is just disgusting.
The other legacy play is easier to read...and will come to a very profitable conclusion to all who hold. That's what I am looking at.
In the meantime, have a few Sinatras and don't forget what season it is.
Here's a couple of things to look at whilst the last two legacy plays sort out their respective horseshit and reward us with the gotdamn dosh.
https://taxfoundation.org/2019-tax-brackets
https://bradfordtaxinstitute.com/Free_Resources/2019-Capital-Gains-Rates.aspx
In the meantime, have a few Sinatras and relax. It's so bright out, I gotta wear shades.
The only time I see a capital loss is when them bums in Washington lose a game. Don't like them anyway. Go Leafs Go!
Tell ya what, NOLs are going to be walking around money and the CTs get the full monty plus. Just waiting for WAMU to finish. Good on everyone being here as you will not be disappointed.
In the meantime, have a few Sinatras, fire up the grill, youse guys up North getting snow - too flippin' bad - and relax. Not much longer.
Well, fancy that, eh?
In the meantime, have a few Sinatras and use Coppertone 70 - sunshine and blue skies in Sweet Home Alabama.
End is coming. First time in ten years has someone related Lehman has been mentioned, no, interviewed on a business channel.
Anton Valukus, a lawyer for Pappy, had a nice 8-9 minute or so chat on Fox Business and the show is called Countdown to the Closing Bell. Around 1445 cst. You'll figure it out how to watch it.
Yep, WAMU is closing and Pappy was allowed to say some nice things before they come back once more. No coincidences.
Pappy is doing just fine as it was always the caboose in the three legacy plays. Lawyers involved, judges and court dates. No worries. Nothing to see as the WAMU saga is not done yet. Can't have two thieveries reemerge too close to one another. As always, the full monty plus for all who are here. Bet that.
In the meantime, have a few Sinatras and come back in two weeks. It'll be the same. And old guys still rock.
Nah, just a two-four of Blue - bottles, please and thank you. Lookie here, this Credit Suisse is now Ptui. Hence the gabfest next month. And the other legacy play is winding up and that is looking very nice in a week or so. Many, many folks who are there will be extremely happy as well as here. The prospectuses guarantee. Just keep watching the dockets and PRs as you know the drill for intelligent speculation.
But Pappy always had to come last - too massive a presence overseas and the establishment really didn't like ole Dickie - you know, Dick Fuld before he dicks you. Hardball the boys play. But we are good in the CTs. And that is - everybody - the full monty plus.
OT - anyone have a recipe for making cucumber liquor? Got dozens of mason jars full of pickles, sold some, found a recipe to freeze the buggers and more are coming. Thanks.
In the meantime, have a few Sinatras and WAMU folks, my God, you better get ready for what's coming your way. And then Pappy.
This will all be over when the big boys say it is over. And Pappy has plenty of money for the full monty plus and going forward.
The other play is the key - end of July. Then Pappy rolls like the Tide...this year. Big boys gotta clean up the mess from '08.
This is a lousy, stinking investment. Get out now.
Fooled you and in the words of the buy high sell low guy, "Giggle Giggle".
Things are going on a timeline that big money wants to...always WAMU first, then us. Watch the Credit Suisse decision. Then relax and enjoy the summer. And oh, full monty plus please and thank you.
In the meantime, a few Sinatra are in order as well as a rib eye hot off the grill. Old guys can rock....
Very true, Stox. But there was a nice run a few years ago, grabbed a nice chunk of the boat and left some on the table for the family.
No worries here, Mate, we are good. ChristAllPhucinMighty we are good in these three. And never mind the bollocks from the usual suspects. A nice quote from the failed Missouri banker - you know, the buy high sell low guy - Giggle Giggle.
In the meantime, Sinatras all around as the news and money is coming.
Thanks, Argus. Just been looking more at the other legacy play that is coming to a nice end for all who are in shares and escrows. Boy oh boy, folks have no clue how much that will be a life changing scenario when it hits their trading accounts. Same as Pappy.
Speaking of which, keep watching the dockets as those that are owed money are dropping off. In East Coast lingo, it's called 'getdaphucouttahere'. Soon as that is done, watch out. But always WAMU first as the lid has to be kept on both of these. Ever wonder why no mention in the news, except for nonsense, about these two firms? Just sayin'. I'm thinking it'll be a good Sudbury Saturday Night very soon.
In the meantime, have a few Sinatras and does anyone have a recipe for cucumber vodka? I have over 25 jars of pickles and this planting is breeding like rabbits since May. Guess the 40*c temps are enjoyable for these seeds. So, crank it up.
No coincidences at all. Pappy is heating up as well as the other legacy play.
One then the other. Simple.
Just the way things are moving, Argus, I'm very confident that these two plays will be over soon. I know one will. Pappy - meh. But finally we get action. And one other thing, fergitabbout knowing the truth. Just take the gotdamn money and don't look back.
Up in the GWN for a bit a August to see family and friends. And going back to the same golfing venues - nice prices and good places to play. Last year, folks liked a guy who had a retired forces plate on the back of the car and spoke in a accent like Trump. And free beer, too. Go figure - lol.
Interesting timing with the last two legacy plays. With Pappy, loads of satisfied in full info as well as a nice date the end of the month with the Credit Suisse bollocks. Money seems just about right for the full monty plus.
The other play, go to that board for details, but the 29th is also important. The way things are going, July looks like the ching-ching month for those who hold.
And Pappy, well, said this many times. CTs are debt in BK (must be paid) and equity going forward. And don't forget that pesky prospectus gotdamn guaranteed contract for all four.
Wealth is coming mugs and muggettes...be prepared.
It's a shame that you are an angry individual. You are an OBS investor and I am not. You just played the wrong crap table.
You have a few links to your claim? On all four prospectuses, if you please.
I'd like to see you prove, in writing, that all CTs do not get the full monty plus, per each prospectus. I did.
So true, Viva. But one thing has to follow another as both were stolen due to politics. And no one will get information, public, that is, either. It'll happen like a thief in the night.
WAMU first - watch that play....more importantly, the publicity from those in charge. Not much longer as November this year is the drop dead date and you don't have over 130 hedge funds there wanking off. Just sayin'.
Then Pappy.
Pretty simple to figure out. All CTs have face value of $25; however, interest rates are different. So, go to all the prospectuses, get the rate, use the starting date of September '08 and go from there.
Just remember, it'll only be a ballpark figure as Pappy isn't too talkative. And that is your full monty plus.
Here's just a little reminder of why you are in this play and will receive the full monty plus. From the NQ Prospectus:
Indenture Events of Default
The indenture provides that the following are events of default relating to the junior subordinated debt securities:
•failure to pay required interest on any debt security of such series for 30 days;
•failure to pay principal or premium, if any, on any debt security of such series when due;
•failure to make any required scheduled installment payment for 30 days on debt securities of such series;
•failure to perform for 90 days after notice any other covenant in the relevant indenture other than a covenant included in the relevant indenture solely for the benefit of a series of debt securities other than such series;
•certain events of bankruptcy or insolvency, whether voluntary or not; and
•certain dissolutions of the related trust.
If any indenture event of default shall occur and be continuing, the property trustee, as the holder of the junior subordinated debt securities, will have the right to declare the principal of and the interest on the junior subordinated debt securities and any other amounts payable under the indenture to be immediately due and payable. An indenture event of default also constitutes a trust enforcement event. The holders of preferred securities in limited circumstances have the right to direct the property trustee to exercise its rights as the holder of the junior subordinated debt securities. See "Description of the Preferred Securities—Trust Enforcement Events" and "—Voting Rights."
Despite the foregoing, if a trust enforcement event has occurred and is continuing and such event is attributable to the failure of Lehman Brothers Holdings to pay interest or principal on the junior subordinated debt securities when such interest or principal is payable, Lehman Brothers Holdings acknowledges that, in such event, a holder of preferred securities may sue for payment. Lehman Brothers Holdings may not amend the indenture to remove this right to bring a direct action without the prior written consent of all of the holders of preferred securities.
Agreement by Purchasers of Certain Tax Treatment
Each junior subordinated debenture will provide that, by acceptance of the junior subordinated debenture, or a beneficial interest therein, the holder of the junior subordinated debenture intends that such subordinated debenture constitutes debt and agrees to treat it as debt for United States federal, state and local tax purposes.
Concerning the Indenture Trustee
Lehman Brothers Holdings and certain of its subsidiaries maintain bank accounts, borrow money and have other customary commercial banking or investment banking relationships with the indenture trustee in the ordinary course of business.
Miscellaneous
The indenture provides that Lehman Brothers Holdings will pay all fees and expenses related to:
•the issuance and exchange of the trust securities and the junior subordinated debt securities;
•the organization, maintenance and dissolution of the trust (other than U.S. withholding taxes);
•the retention of the trustees; and
•the enforcement by the property trustee of the rights of the holders of the preferred securities.
20
https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm
All four of the CTs have similar wording. It's a contract - we get paid. The problem is that it is not coming fast enough for some. Tough shite - get a life.
I said over the years to look across the pond. That has to end first. As well as the WAMU play. That should be done by 3rd Q this year. Then Pappy can reemerge. Remember, it's all political.
The amount of money coming back is staggering in these two plays. Just be glad you are here and never mind the bollocks.
In the meantime, have a few Sinatras and relax. The buggers here are funny.
I think we both seen that volume price rise creep up before, Argus, over the years. But I'm telling ya, Pappy is finding money like a dry cleaner skimming thru the pockets. A buck here - there - gotdamnit, everywhere - lol.
Saw this one in the other legacy play. Got an alert from my broker about a distro - almost eight figures there. Checked it and saw it, then gone. I figured just a test for an actual distro - who had what and where. I'm not worried about that play or the CTs. Just one comes before the other, that's all. Good to hear from you.
In the meantime, have a few Sinatras and watch the horses running through the mud.
Viva - I don't have the PM feature, but a mutual good friend provided me with another communication venue for contact. Check there for your answer.
Roll Tide