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I think at this point, all the old timers here who lost a ton of money since scotus will just hold to the end. Scotus made that decision for us. I am not selling.
Mnuchin and Trump are huge disappointments. I don't blame Calabria but do blame Mnuchin and his boss for giving us false hope of admin action.
Yeah, I took a bloodbath with my jps and commons after the scotus ruling. Recently, I bought another 15k in jps and 15k in fmcc.
I hear you. My recent jps buys are around breakeven but my commons are down on average about 18%. Like you said, 5cents a day slow drip.
We are at an astonishing .85 for fmcc. If they are going to reprice the pps properly to reflect senority, then at the fmcki at 1.34, which is a 25 jps, we are looking at your number of .20
Nice. I am out of cash.
I would buy some fnma for under a buck too. Its very cheap.
Fnma is under a buck too now. Wow.
We are at .90
I am out of cash until the end of the month. These are cheap prices. I wish I would have waited but overall I am happy with my buys. Good luck guys.
Toogood, you joined? Lol. I thought you are a critic. I got my email and will move forward.
Seriously, if you did not get an email and you joined, I would email the email address from your confirmation letter. V.
I am right behind you. I got 15k at little under .96 and 1k shares at a buck.
If a lawyer won't file a class action, I know a guy who can. He is also a fnf long time shareholder. Maybe you guys ask him and team up. This guy have stone cold balls dealing with Lehman Brothers.
Call him up and lets ban together and get a class action going.
We are all here for money. I know I am. I doubt t-rex is doing this for fun. With the convos I had with him, I sense it could be also for the "principle of it."
I agree with Jersey. GET IT DONE!
Good question. I hope we can get an answer.
15k of fmcc at .9599/.96 are mine. This is crazy. Good luck to us all.
Yes. But, it will not happen.
The supreme court at least left the Lamberth case intact. We still have that going for us. Fnf selling is overdone.
Freddie is under a buck. This is selloff is overdone.
I have been buying on the declines. I sold all my CAT stock and looking to buy 15000 fmcc tomorrow at under a buck to a $1. Good Luck.
I got mines too. Good idea.
Yes, they can. There is an exception where it states they can replace equity with other creditors.
26 dollars? I hope you are right. The interest is more than the RV now?
Why don't you call and ask? I do all the time. We have the luxury of just sitting here and complain while others fight on our behalf. The 4 Horsemen are now fighting 2 fronts for us. I think a summary judgement was filed last week.
I am in contact with 2 of the 4 guys. They are stretched thin and keep in mind they have day jobs and family too. How much are you paying them? I am glad that I am able to join them for the ride without having to pay a cent.
As for the Class Action, Jerseyhawg said it, they got the numbers now. If you have questions, email or call or just wait like the rest of us. V.
Retailers must have lost faith in Lamberth. I am buying selectively Ps and Cs. I got a 1000 Cs of freddie for a $1000. Wow.
Fmcc board is dead. I bought 1000 shares at $1 per share today. This is unbelievable.
I got 1000 shares today at a dollar. Wow. How can you not buy a few shares at $1?
Nice. We are owed about 13 dollars in back interest. I never did the math to find out.
Yes. I agree. Mnuchin duped us all.
Arguing is a waste of time. There is no need for that. Its either you choose to buy in or not.
I do not think we will get any new securities or will be a part of any NOL company. Sorry. The plan admin wants to discharge us. He does not recognize our subordinated guarantee.
I do not think the CTs will get new securities. If the 4 Horsemen don't win their lawsuits, the plan admin will discharge us all.
The plan admin does not recognize our guarantee. That can be seen in the hearings and the plan admin's objections.
I will sell if we lose all the cases in the appellate and bk courts. Until then, I made a buy. Although not much. I added a few more shares.
The thing is after september, I hope we can still trade. By then most brokerages will not allow buys. Lets see if we can sell.
I invested both my stimulus checks. I used them both to pay down my house. I am close to owning it. I have 40k to go after using my stimulus checks and 22k of savings to pay down my mortgage. I dont like holding cash nowadays and think the stock market is overpriced.
I have a personal low 10k in a CD for emergencies. Otherwise, I am living paycheck to paycheck now.
I added a few shares today. Its not much. Today is the last day to buy for a few brokerage firms.
I personally do not want the NOLs anymore. You might want to be in parity with the most senior preference shares of LBHI but, I want to be in parity with the most senior preference shares of LBHI's Affiliate Neuberger Berman and give me that $25 per share redemption value. I will take the $25 per share over the NOLs any day. LOL
The Important Covenants of LBH is/are powerful. Our Subordinated Guarantee covers both affiliates and subsidiaries. The subordinated Guarantee as a whole basically states that aside from debt, we are not to be inferior or subordianted to any of LBHI's, its affiliate's or subsidiary's most senior preference shares and definitely above all common shares. So, any equity transaction you see out there, LBIE, ECAPs, etc. we are in parity with.
****************** "Its that simple." ********************
I don't know. You have to ask the 4 horsemen. It seems to me they are confirming their motion to reconsider....... while refuting the legitimacy of the Objection for the reasons of being filed late.
Docket #61197. It seems LBHI is having issues filing Objections on time. The 4 horsemen now have two Summary Judgements filed. Good move on sticking to he rules and laws of the courts. The Plan Admin acts like he owns the Courtroom by filing at his own leisure and that rules do not apply to him or his mighty firm WEIL.
https://dm.epiq11.com/case/lehman/dockets
Without volume pps means nothing. Most of our shares are held my institutions of some sort. about 20% are held by individuals.
Those are the Maverick Claims. I guess LBHI will not Appeal the ruling. Can we benefit from the Maverick ruling? Thanks
What claim went through? What is it about? Thanks.
You need to either get involved with one of the lawsuits or in this class action against BYNM. Otherwise, if you are not involved in any, I PERSONALLY would sell. Why, because its proven over time that LBHI, the Plan Administrator and the Judge are going out of its way to screw all the subordinated guarantees in this bankruptcy. Their plan is to keep the error consistent and hopefully they can end the BK with the error intact and discharge all the subordinated debts with guarantees which includes our CTS.
If you are not involved in the courts, your only option to getting anything is to hope that the 4 horsemen wins in court. If the 4 horsemen loses, we all get discharged and go home with nothing.
The judge and the plan admin made it clear they do not recognize the subordinated guarantees even if it is protected by Bk code 510(a). That is their stance and you can verify that by their actions and the Judge Chapman's rulings. Thank god Waske and Wu are in Appeals in the District Court and we have two pending motions in Chapman's BK court.
Chapman and the Fail know they are arrogantly violating BK Code 510(a). The 4 Horsemen have a game plan. Call them up. Keep in mind there is a nuclear switch. The BK is extended 5 years as we are only in the 6th inning, that is more than enough time to correct any errors if the LBHI and the Plan Admin chooses to. The Plan Admin extended the BK after he was well aware of BK Code 510(a) and our CTs. If the nuclear switch is used, this will go beyond BK IMO and into the history books. v.
Camaro, do you have a more recent update on the 50 participants? I am curious. I am not rushing you folks. I know you guys actually need 200 participants and that takes time especially if our CTs are not liquid and trade in low volumes. I appreciate the work. Thanks.
Question, for those who were in a class action lawsuit in the past, did the class action that you were in at anytime require current brokerage statements as verification that you own the shares?
I highly doubt with this class action it will be on an honor system right? Current Statements might be the next step?
I am asking because I joined but am thinking if I should sell before the non pricing of the CTs hit. Anyone else thinking this?