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I am bidding 1 cent above bid from now on. I am going cheap.
NO WAY. I should have not gtc at 7. I should have gtc at 3. Wow. Congrats.
No. I should give him a call. I don't want to be a pest though. I call and email the guy a lot. I believe if he has an update he would let us know. It might be slow.
I got filled today at .07 and .05 for lehkq shares from Ally.
I hope to add 50k more shares at .05 or less.
Highest price I can bid is .07 with Ally if the pps is .05. They wont let you bid higher with a gtc limit.
The error message says that it is too far from the current price.
I am buying preferreds. I am halting my common buys for now and assess commons' potential over time.
Thanks for the info. What is the name of your broker?
Thanks. I might open an ally account tomorrow. I want to buy some cheap shares.
Thanks. Does anyone have any info on schwab?
I think the market will be a heck of a lot smaller without the real time quotes. The CTs will still trade but, good luck finding a broker that is willing to trade them. That is what I am looking for. I am looking for that broker who will trade the CTs after the deadline.
FirstTrade is one of them. But, they are very restrictive.
That is exactly it. I am gambling on all the lawsuits. Without them, we get nothing.
You use TD right? Jcpinny and jjpk can't put their orders in with TD. I wonder why?
FirstTrade is crap. You can't put in any orders with any stock if they are below 10cents. Anything over 10cents is free online trades. You can put in a 8 cent gtc for the CTs if the current price is over 10 cents.
I am back to looking for a broker where I can buy CTs without restrictions.
Good luck. I have to wait until tomorrow to buy. I am cash poor. Inflation is too high. I rather payoff my house than hold cash.
Its the Fantastic 4 now. There are 4 of them. I am buying not selling. I said as long as the lawsuits stand, I will be here. I will definitely sell if the Fantastic 4 lose all the lawsuits because without the lawsuits, the CTs will get discharged. V.
I will correct myself. They have a summary judgement out. That is even better.
Me too. My path here is exactly like you guys. I have been here for over a year. I read the Covenants for the CTs and technically they are rock solid.
Which brokerage firm are you with? I recently opened a new account with FirstTrade. I prefer a bigger name brokerage firm though. FirstTrade is okay. They are nothing special and gets the job done.
My brokerge firm stopped trading the CTs last week. :(
I found FirstTrade to take my online orders and they are free. The only CT that I can't buy is lehkq. We can still buy and sell the other 3. I guess FOR NOW.
I am set. I am just dabbling at these low prices. I submitted my share count already so, I won't be buying much more.
Good Luck. V
What happens after the final distribution?
I wonder when was the last one filed? 2008? 2011? It could be 2007.
Ha! The statute of limitation did not start for Weil yet. The W crew have a Motion to Reconsider out there with 2 available appeals on it. Weil is not going to get any liability waivers anytime soon.
Are there any brokerage firms where we can still buy the CTs after the stop quote date? Thanks
The CT name is listed on the Subject line on my emails.
I am cool with the latest computation. It was explained why, it is being used. Are you guys not happy with it? Thanks.
Yes. That was what I meant to say.
I got a ton of emails from Rex too. I have my family shares in several accounts. Many of the emails were duplicates because I provided the same email address for the other accounts.
The last email from this morning is what matters. I like how this guy is on the ball even when he makes a mistake. Kudos.
Imo, lbhi have to say they expect to fully utilize the nols to put pressure on the creditors to take deals like the 25k for the final distribution. No one will settle for any deals if they outright say they will save the nols for the new company.
I bought more today. It doesn't matter to me who allows trading or not after next week. I am loading up my humble little boat. Time is not on my side.
Sexy Rexy is the real deal. Holy Cow. I am thoroughly impressed. Lets see if he can close now.
I admit, I had my doubts. I gave him 40% chance to pull this off. I am giving him 80% now.
Thats all I am going to comment.
Do you guys know what brokerage firms will allow people to continue buying CTs after September when the new SEC rules take in effect? Thanks
The "issued" means issue debt, not stock. The banks issue debt to the trust and sell the preferred stocks of the trust to investors or to the open market.
The preferred stocks are underwritten in trups.
Our stock is independent of LBHI. LBHI do own 100% of the commons though. That allows them to control the trustee. LBHI is an advisor to our Trustee.
We are not a part of LBHI' equity or ownership structure.
We are TrupS
No we are not. Our stock was issued by each of our respective trusts.
When is the final distribution for LBHI?
True. We are not in BK, LBHI is. We are not LBHI.
If there is a new company, the plan admin will allocate the shares and the judge will approve it.
Imo, both the judge and the plan admin deserves to be investigated.
I have no idea.
Yes, there is an exception in the NOL rules where LBHI can replace us with creditors and still use the NOLs. Research it.
I believe the consensus with the 4 horsemen is that we are going to get discharged if we don't do anything about it. I was told that the Plan Admin and Judge Chapman do not recognize our guarantee. The proof is in the court transcripts and rulings.
I just hope we reached the bottom. Thats all. I have 5% of my retirement in fnf. That is 80k. That is my cap. I told my wife yesterday to cover my ass. I am not allowed to buy anymore but can sell or hold. Honesty is the best policy.