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If the plan calls for the CREATION of something, and some say lehman will be no more because of the excerpt:
why would LBHI dissolve along with something they created? the plan calls for their creation to dissolve not the company itself.
this is why the judge said LBHI must distribute stock to the plan trust, and then it has to be distributed to holders. LBHI and the plan trust are 2 separate things. If they were not seperate, then the 17million preferred would have already be allocated within the plan trust but they are not.
since creditors own the NOLS (in theory) the investment from the creditors would be their debt (claims) in order to raise the capital. Raising the capital and decreasing the debt then increase's the companies borrowing abilities which will raise cash. so theirs a gotcha moment for you.
this is weird because you said "I THINK you are wrong, but im not sure, can you provide links so I will learn something new" this is how you started off your response TO ME. after i fully explained it with links (as shown above) you claim you only said i proved you wrong because the debate was going no where. I say that's weird of you to say because how did i "prove you wrong" when you already stated from the beginning "I think you are wrong but I am not sure"? I couldnt prove you wrong because you said you think. You never passed it on as a claim but only an opinion. So since i fully explained my side claim with links Vs your opinion, and you said
This just means that your brain was not accepting anything I said and the debate wasnt going anywhere FOR YOU (for whatever reason) not me. If you say "This is my video to grow an apple tree, first off use lots of water on the seedlings" and I respond to you saying "I think you are wrong about using lots of water on the seedlings but im not sure, do you have any research" and you provide several links backing what you said with "use lots of water on the seedlings for the apple tree" and i say "thanks joe! looks like you proved me wrong, but I'm only saying this because this debate is going nowhere" you see how weird that is? dont you think i should express how the debate is going nowhere and why i feel that way and use my own research? that just means you couldn't or simply just did not want to, grasp the concept.
you then figured "oh shit Im losing eh well imma just jump over all that what you saying and just say plan calls for total liqudiaiton no shares, so even though I cant prove you wrong and it you are right, imma just say no shares can be issued so how you like that?" whereas you have 0 proof stating 0 shares can be issued but I have proof stating they can be issued.
I am guessing Lehman is a shell play. thats my opinion. my DD points to it. you say "their will be no employees" and blah blah but thats what a shell company is so you saying that to me doesnt mean anything as it goes towards my investment thesis, not against it.
SEC definition The U.S. Securities and Exchange Commission defines a "shell" company as follows:
stocks are apart of cash equivalents.
you keep pointing to this from the plan:
Theirs a shell company that I wanted to buy of an old gaming company called mad catz. me: "wow ok so if all the company debt is discharged i can buy it and own the mad catz shell and work with that in some way! im finna be rich!" wrong i was because i emailed the person in charge of the bankruptcy with my $100 offer ready and it went like this:
mad catz:
swiss:
mad catz:
swiss:
I was going to inherit millions worth of debt. but anyways it is the trustee that gets the discharge and not the company itself. when I was told that I then looked back at lehmans confirmed plan and read the wording:
so then i was like "wait so how tf can lehman nuke all debt if they not getting a discharge just the trustee and trust is?" Lehmans authorized 17mil shares are still held by lehman, they are not in the plan trust (as of currently writing this). so if the trustee and trust is nuked, LBHI still stands with its 17mil preferred shares not yet issued. these shares represent tangible assets.
you then say "lehman got 130b in debt" which is true but I'm invested in LBHI, I'm not invested in all of lehman. most of the large amounts of current debt are LBT debt. LBT was the funding vehicle for LBHI which raised over $100billion in debt for LBHI. LBT speaks of a debt for equity swamp meaning whatever portion debt currently on LBHI balance sheet is LBT debt shouldn't be account for when since LBT will have its own separate entity and LBHI will have no direct or indirect interest in this entity. the only things is, we don't know how much is LBT debt on the current balance sheet, but I highly think it makes up a large portion because if LBT were secured holders and a large portion was held by LBT, LBT probably wouldn't have needed to file bankruptcy since secured holders were paid in full from the start.
this all leads me to believe this is just a shell play. 3 shells and a pea game.
good talk joe, I've been enjoying this almond joy coffee creamer mixed with caramel macchiato creamer lately. This may be my new go to. just started drinking coffee not too long ago. its great! I Gotta get back to my attorney, I havent responded to him in a weak, brains been foggy from reading and researching lots of claims and prior art. I gotta send back a list of claims for this new software patent I'm working on. It all comes down to 1 claim, if the claim is taught nowhere in prior art or claimed in any patents then I'll get it and I'm sure it will be able to uphold in court as "patent eligible". You see, just because a patent is granted by the USPTO, it doesn't mean the patent is valid. Courts have the power to invalidate an issued patent. This is what makes software patents extremely hard to obtain in the united states. It requires a large amount of thinking outside the box and understanding patent law and structuring claims promptly.
peace out joe! and I think you had a birthday not too long ago so happy belated birthday as well.
That’s not spreading mis information, learn to read and comprehend. Again. I said
This is a blunt statement. The wording means exactly what it says “people don’t believe cod income will reduce the NOLS” this is deceptive trying to bring down the intellect of people on the board. People are aware that cod income reduces nols. They are saying in this case there are exceptions to the rule. It was a deceptive thing for mellowbird to bring up on last email since mr.Brandt kept saying he doesn’t keep up with Lehman. So since mr.Brandt kept saying he isn’t sure on the finances of Lehman, why make the comment
This was deceptive and he lied on board members trying to make them seem they aren’t smart. This goes to show the type of person he is, trying to throw people under the bus in front of mr.Brandt so mr.Brandt could say something like “oh no! They don’t know cod reduces nols?” It was a bait and mr.Brandt being a 40 year expert didn’t take the bait. It was a deceptive thing for mellowbird to send on one of the last emails because Mr.Brandt already said nols could survive. Again. Deceptive.
They are still avoiding any and all Lehman post I make. I think it’s because I may have figured out the Lehman case down to a T. The DD has 0 holes. It’s actually bulletproof. It’s just a matter if it happens or not.
It’s hard being a young man with a big brain, people either love you or hate you. The enemies you make don’t last because you have an ability to eradicate. You must have gone through this also, right TG? :)
and ecaps have a right to preferred equity in LBHI. ecaps 4and 5 are guaranteed by LBHI. ECAPS 4 & 5 prospectus states they were supposed to receive preferred stock in LBHI but lehman did not honor their prospectus. therefore ecaps 4 and 5 by law have to be included in stock distributions. ecaps have parity with traditional preferreds and the most senior preferred of the lBHI estate is the CT's. this would lump all of them together.
And you will keep standing corrected dealing with me I promise you. I don’t even feel like wasting my time, it’s a Friday, your family out without you, you here bored, I understand, but for you to ask me to summarize my DD and deliver it to you and then I do it and then you don’t read it is a true sign of disrespect. I don’t care
Mellowbird would you like to wager? You feel CT’s are worthless I feel they’re worth something, maybe we can make a bet and make this more interesting? We are men after all so let’s put our money where are mouths are? Let’s do it!
The victim jerseyhawg himself said “I don’t remember posting under my real name on yahoo” but you still believe joe stocks given that jersey himself also said joe got his information from the court filings???
PLEASE TAKE NOTICE that the corporate headquarters of the Debtors in the above-referenced chapter 11 cases has changed effective as of January 28, 2021. Any notices to the Debtors shall be served upon the following address:
c/o Lehman Brothers Holdings Inc. 110 East 42nd St, Suite 820 New York, NY 10017 Attention: Kristine Dickson