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That would be the final one, I guess.
I think no more distributions to be made, and bondholders have been notified so.
Ct's are Golden!
All cash distributions received should be recorded as return of principal until the Plan trustee notifies the bondholders that no more payments will be made. The recognition of capital loss for the remaining adjusted basis will not be triggered until the security becomes completely worthless (in about five years!)
Deductions for partial worthlessness will generally not be allowed under the Internal Revenue Code.
CT's are still there, in your account?
TIA
Trups are senior to traditional preferred and common equity!
Generally, they are subordinate to standard debt in the event of a bankruptcy.
you'll not get a penny before we do!
LEHNQ @ 1$!!!
Has Claim # 66455 been resolved?
TIA
Février 2015 / February 2015 :
- 6 months R&D
Mars 2015 - March 2015 :
- Implementation
- Integration
" Re-thinking the future beyond the standard vision , innovative thinking ". . Jean-Gilles Subervie
2015: The beginning of a new technological era: After 3 years of reflection, research and development of new innovative products, intelligent and miniaturized are being developed within the new HITECH-ONE lab.
http://www.hitech-one.com/index.php?page=actualites#usa
Hi Scorp,
Please note that I'll never TOS a post of your's as long as you are on my side,
defending my/your investment,here or there,at SLJB BB.:)
You've a "different" style in doing so,and I respect that.
Just keep doing all great things you'r doing,
I won't complain being rich!
LBI Trustee Released Preliminary Realization Report on Feb 23rd 2015
Realization Reports are often published at the end of a liquidation.
FWIW
Ines:
on March 06, 2012
all shares have been cancelled:
http://www.finra.org/web/groups/industry/@ip/@comp/@mt/documents/upcnotices/p125764.pdf
Why only Ct's have been reinsated because e were ( delisted by error :), in your opinion?
I talked to Abu Zahr, I visited SLJB office in Hamra/ Beirut , and it was a small one, because Hamra is the most expensive area in Beirut , You are talking about 6500$/sqm.
I'm whom I told you I'm , and I do hold 9 mil shares.
Now , go give Mr. Bhanji a call.
Can you assure me that HAZH has an executive job lined up for me and this isn't some retarded ruse of 'shorty' trying to acquire my phone number.
------------------------
Wrong again! :)
http://www.bloomberg.com/research/stocks/people/person.asp?personId=32756141&ticker=HAZH&previousCapId=32484068&previousTitle=HAZ%20HOLDINGS%20INC
Dr. Alkarim Bhanji, CEO, is expecting a call from you:
253-606-3836
IMO.
Do you want Mr. Abu Zahr Mobile No. in Beirut?
I talked to him, and even visited SLJB small office in Al-Hamra/Beirut
back in 2007.
Yes I'm still in.
Hey Scorp,
You think time to avg down?.
My avg is less than 0.003/share
I'm a getting greedy here..:)
TIA
Time & Sales..
WOW!!
09:59:39 ..... 0.0001 ....242700
09:58:53 ..... 0.0001 ....5400000
09:56:38 ..... 0.0001 ....32000
5.674 Mil shares traded Today
WOW!!
To Da Moon!!!
OT...Need your help please:
Best OTCBB/Pink sheet online broker in regards of
fees/trade, no hidden cost, no Vol limit?
TIA
Nothing new, IronMan.
We have been here from more han 6 years,
discussed almost every small detail.
We've done our DD, and placed our bets.
BS/COD/NOL's/...etc....YAWN!!!
Nothing new!
All the best
Anyone wants out,AON
with 50K+ shares
pls contact me..
Tia
Cash is coming from gains on Lehman's still-extensive private-equity holdings and investments. Those holdings include Lehman's stakes in energy company Antero Resources LLC, manufacturer Firth Rixson Ltd. and payment processor First Data Holdings, Inc.
Lehman also owns a 12.3% stake in auto-racing circuit Formula One.
The biggest portion of new cash expected to flow into Lehman's coffers will come from settlements with the failed investment bank's "noncontrolled" affiliates. Last year,Lehman increased its estimated recoveries from these affiliates to $24.3 billion .
3. Tax Impact of the Plan on the Debtors
a. Cancellation of Debt
The IRC provides that a debtor in a bankruptcy case must reduce certain of its tax attributes – such as current year NOLs, NOL carryforwards, tax credits, capital losses and tax basis in assets – by the amount of any cancellation of debt (“COD”) incurred that arises by reason of the discharge of the debtor’s indebtedness. Under applicable Treasury Regulations, the reduction in certain tax attributes (such as NOL carryforwards) occurs under consolidated return principles, as in the case of the Debtors who are members of the LBHI Group. COD is the amount by which the adjusted issue price of indebtedness discharged exceeds the sum of the amount of cash, the issue price of any debt instrument and the fair market value of any other property given in exchange therefor, subject to certain statutory or judicial exceptions that can apply to limit the amount of COD (such as where the payment of the cancelled debt would have given rise to a tax deduction). Settlement of a guarantee claim should not give rise to COD. Any reduction in tax attributes under the COD rules does not occur until the end of the tax year after such attributes have been applied to determine the tax in the year of discharge or, in the case of asset basis reduction, the first day of the taxable year following the tax year in which the COD occurs.
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Consistent with the intended treatment of the Plan as a plan of liquidation for federal income tax purposes, the Debtors have sought a ruling from the IRS that no COD should be incurred by a Debtor as a result of the implementation of the Plan prior to the disposition by such Debtor of all or substantially all of its assets (other than to the extent any Allowed Claim’s distribution is subject to a maximum amount (such as the Convenience Claims and Convenience Guarantee Claims), or has been or is separately settled for less than its carrying value). In such case, the reduction of tax attributes resulting from such COD (which, as indicated above, only occurs as of the end of the tax year in which the COD occurs) generally should not have a material impact on the Debtors. There can be no assurance that the IRS will issue a favorable ruling on these matters and thus there can be no assurance that all or a substantial amount of the COD will not be incurred earlier due to, among other things, a lack of direct authoritative guidance as to when COD occurs in the context of a liquidating Chapter 11 plan.
b. Limitation of NOL Carryforwards and Other Tax Attributes
(i) Section 382 Limitations – General
Under section 382 of the IRC, if a corporation (or consolidated group) undergoes an “ownership change,” the amount of its pre-change losses (including NOL carryforwards from periods before the ownership change and certain losses or deductions which are “built-in” (i.e., economically accrued but unrecognized) as of the date of the ownership change) that may be utilized to offset future taxable income generally is subject to an annual limitation.
In general, the amount of this annual limitation is equal to the product of (i) the fair market value of the stock of the corporation (or, in the case of a consolidated group, the common parent) immediately before the ownership change (with certain adjustments) multiplied by (ii) the “long-term tax-exempt rate” in effect for the month in which the ownership change occurs (for example, 4.30% for ownership changes occurring in July 2011). For a corporation (or consolidated group) in bankruptcy that undergoes the ownership change pursuant to a confirmed bankruptcy plan, the stock value generally is determined immediately after (rather than before) the ownership change by taking into account the surrender or cancellation of creditors’ claims, also with certain adjustments. The annual limitation can potentially be increased by the amount of certain recognized built-in gains, as discussed below. Notwithstanding the general rule, if the corporation (or the consolidated group) does not continue its historic business or use a significant portion of its historic assets in a new business for two years after the ownership change, the annual limitation resulting from the ownership change is zero, thereby precluding any utilization of the corporation’s pre-change losses (absent any increases due to any recognized built-in gains).
As indicated above, section 382 of the IRC also limits the deduction of certain built-in losses recognized subsequent to the date of the ownership change. If a loss corporation (or consolidated group) has a net unrealized built-in loss at the time of an ownership change (taking into account most assets and items of “built-in” income and deduction), then any built-in losses recognized during the following five years (up to the amount of the original net unrealized built-in loss) generally will be treated as pre-change losses and similarly will be subject to the annual limitation. Conversely, if the loss corporation (or consolidated group) has a net unrealized built-in gain at the time of an ownership change, any built-in gains recognized during
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the following five years (up to the amount of the original net unrealized built-in gain) generally will increase the annual limitation in the year recognized, such that the loss corporation (or consolidated group) would be permitted to use its pre-change losses against such built-in gain income in addition to its regular annual allowance. In general, a loss corporation’s (or consolidated group’s) net unrealized built-in gain or loss will be deemed to be zero unless it is greater than the lesser of (i) $10 million or (ii) 15% of the fair market value of its assets (with certain adjustments) before the ownership change. Due to the Debtors’ utilization of the mark-to-market method of accounting, the Debtors do not expect the majority of assets will have either built-in-gains or built-in-losses.
(ii) Section 382 Limitations – Possible Application to the LBHI Group
In light of the foregoing, the LBHI Group’s ability to utilize certain NOLs (and carryforwards thereof) and certain other tax attributes would be potentially subject to limitation if LBHI were to undergo an “ownership change” within the meaning of section 382 of the IRC by reason of the implementation of the Plan or otherwise. As indicated above, based on a historic section 382 analysis of the changes in LBHI’s stock ownership, as well as the order entered by the Bankruptcy Court effective November 5, 2008 imposing certain restrictions on the trading of LBHI’s equity, the Debtors believe that no ownership change under section 382 has occurred to date, nor will occur prior to the Effective Date, that would limit the availability of the tax attributes of the LBHI Group to offset such taxable income. Moreover, pursuant to the Plan, the holders of Equity Interests will maintain their economic interests in any residual assets of the Debtors after the satisfaction of all Allowed Claims, which economic interests will be nontransferable. Accordingly, consistent with the intended treatment of the Plan as a plan of liquidation for federal income tax purposes, the Debtors do not believe that the Plan should result in an ownership change of the LBHI Group. The Debtors have requested a ruling from the IRS to confirm this treatment. There is no assurance that the IRS will rule favorably and thus, due to a lack of direct authoritative guidance in the context of a liquidating Chapter 11 plan, there is no assurance that the IRS would not successfully assert a contrary position (including with respect to the treatment for federal income tax purposes of the holders of Claims as continuing creditors and not as effective equity holders of LBHI throughout the liquidation process). If, notwithstanding the Debtors’ position, an ownership change were considered to occur, the Debtors could incur a material amount of federal income tax unless (1) the Debtors’ assets are distributed pursuant to the Plan on or before the date of such ownership change or (2) the amount of the annual limitation (taking into account the increase therein for certain recognized built-in gains) is large enough to permit the LBHI Group to utilize an amount of NOL carryforwards and other attributes sufficient to offset such income tax.
http://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm#rom224677_174
9 mil shares here,
and I'm ready for the ride!
Let's Rock & Roll...