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It's very weird behavior, someone have bought 150,000,000 shares before RS.
You either had some information we didn't, or you still can make money for converting too many shares and I bet you sold lot at higher price.
Actually he owned 150,000,000 before RS.
This guy called ERHE quite often based on his own statements. I just don't know his 15,000,000 shares were purchased from open market or converted from his toxic debts.
Either way, he showed his strong connection with insiders.
That is to create a impression of insiders were buying to attract others to buy those converted shares from those toxic debts holders. Is this what you were talking?
Is this the normal way running a company?
Insiders are buying their own stocks and with the proceeds from their own to pay their own salaries.
Yes, much greater than 35M. That is only income for their salaries--- selling more shares.
No, he had plans in finance such as selling toxic debts, investing in Stanford Junk Fund, accumulating shares as knocking the PPS down to bottom. Anything else I missed.
50 B NOL can not be dumped for nothing, debtors, creditors, equities and even BK Judge won't let it be happened.
If equities, OBS, can get something, why CTs can't ?
They thought they can wear more hats at same time. Their salaries were raised for multiple and different jobs they performed.
Finally they featured it out they are not smart enough to to handle all.
Will they reduce their salaries for removing some of their lousy jobs to hire more smart employees?
Preparing for another opportunity of dilution insurance?
He has knocked out most investors, he is still knocking, yes.
Does it have anything to do with Wmih or escrow shares? Tia
Sorry, now it's 100:1 RS, even you have faith you may not have the power to get 10 M shares now. So just buy another 1M shares please.
Do as you said, show your faith and please buy 10 or 100m more.
Most of BOD were assigned by hedge funds and their buddies, sub-hedge funds. Cause most retail investors were scared away due to rotten Rosie's statement in court. Those hedges knew CT couldn't own the new company and equity will be the owner.
Did Rosie help those hedge funds to accumulate common and preferred shares? You make decision.
Does anyone figure it out that filing having any relationship and benefit to our CTs? Tia
Barclays PLC, which bought part of the doomed bank, fought hard to stop Lehman Brothers Whiskey from hitting the market but was unsuccessful.
Rob Garson, the attorney representing the whiskey brand, tells Yahoo Finance that Barclays made the mistake of letting the trademark on the Lehman Brothers name expire, allowing them to use the now notorious moniker.
"66455, 66462, 66473 and 66474, shall be assigned to certain of the Lehman Parties on a final basis and reconciled in amounts not to exceed $200 million"
Does it mean that those claims will receive related Lehman notes or securities, and certain cash not exceed $200M? Tia
Which one is more realistic?
A. Secretly Issuing more toxic debts for their own salaries.
B. Find commercial oil before end of March.
C. Buy out news at end of March
For sure, ERHE will utilize this RS to issue more toxic debts. Do they have other ways to collect money to cover their own salaries?
So the 1.4B returned to Lehman has something to do with CTs?if not , which part of collaterals returned to Lehman? Tia
" J.P. Morgan illegally siphoned billions of dollars from Lehman before its collapse. "
That was Lehman's claim, and I don't think Lehman will win, otherwise more lawsuits will bring up against JPM for its illegally actions which caused Lehman's BK. If this would be the case, JPM won't make such agreement returning 1.4B to Lehman and wait to be sued more and more cases later.
This is why OBS was created to preserve 55B NOL value.
This NOL is for old equity interests 51% + 49% creditors interests. Can anyone give away or dump it?
Does it mean, JPM can keep (8.6-1.42= 7.18) for its claims?
Or these claims will be converted to new preferred shares in reorganized new company? Tia
This really made me confused. I have an open bid 6000sh at 0.101 DTC for HH, I did not get any yesterday, even up to now 1000 shares were sold, I did not get any still. How could it be happened?
There were lots of big disappointment, no big surprise at all.
I can read nothing about ERHED's quote anywhere, no news for symbol change as well. I bet they are busy in issuing new debts only.
Booyah, 3B shares O/S, within two days, we got a transaction of 2 shares. It's great and amazing achievement of management.
Yes, some loyal shareholders participated stock options paid 0.075$ per share and insiders spent others hard-earn money for setting up their own companies. No wonder Offor was so smart he persuaded others to support this stock options program and he put zero into this scheme.
No buyers at 0.15?????
150,000 x 25 fv = 3,750,000
Why someone does not want 25$ face value and try to sell at 0.16? I don't get it.
No distribution if I buy today, how about its value in the future compare to those purchased before " effective date"?
Those who tries to sell now do not believe its real value after 25 days.
127,000 shares available at 0.17.
Why does someone want to sell at this price now?
Agree, and a month waiting is for final stage of establishment of reorganized new entity. I guess.
Maybe SEC is doing some investigation for any insider trading.
Someone called company so often and bought 100m of shares at very low price. So did some insiders bought almost tens millions of shares at rock-bottom price. Why are they such smart to do so?
Sounds cotton has different opinion, however, I will still appreciate Wayne's further analysis and conclusion after his re- read of Cotton's message.
Lehman just wants the collaterals back from JPM. If CTs do not raise its class from 10b, I doubt Lehman will forward the collateral to pay CT holders. That is why JPM worried it's responsibility as guarantee.
the contract between the two made 3 months before BK should have certain protection for CTs. There is a reason JPM either demanded or forced Lehman to do so.
The question is if Lehman won the battle, JPM has to return the collaterals back to Lehman, JPM is still holding the hot potato as a guarantee. Lehman was BK, but not JPM. JPM has to pay back the loss of CTs. Am I right? Any opinion ? Tia
Most people without PH.D. Degree with much less salary can do the same job and came out the same results driving a 50M cash company down to live a life expecting toxic debts.