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~ "Nice", ... "when Lehman Brothers' main European arm exists administration" ... (when' not if) ... yep, everybody knows it's going to happen' ! ... ~
just sayin'
AZ
~ 03/06/2012 Was The WMI-LT's Original Activation Date' ... There Is Only The One' WMI-LT ... and, This is It's Registration ... ~
The WMI-LT was registered as a "Statutory Trust" ... and considered as a grantors trust / pass through ... For Taxation Purposes' ...
... There NEVER WERE Two' ... There Was Always' ... Only The One' ... This One as presented by IPrelude. ...
I'm not sure exactly where or who ?, the thoughts about there ever being TWO' WMI-LT's began or came from ? ... but any of those considerations are simply NOT TRUE;
... the WMI-LT has been irrelevant to any equity class distributions for a very, very, long time' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170844229
just sayin'
AZ
(Doreen was texted as notification of the craziness')
~ Thanks Bban, and a Merry Christmas to You Also' ~
AZ
~ Good Morning and a Merry Christmas To Everyone', Especially to my Special Friends, Jim and Ron ~
just sayin' :)
AZ
~ I'm using the wrong word' "debtors" ... sorry' ... I guess I'm referring to the "claimants" ... ~
anyway' ...
AZ
~ Oh Brother' SMH' ... I'm Talking About the IMPLEMENTAION' of LBHI as a "Going Concern", when that point in time occurs ? ... capiche' ? ... NOT The Plan of Reorganization', or the Assets of the Plan Trust' ... or the Trustee needing to pay a bill' ... (duh) ~
... Sorry cottonbal-firestarter' ... that (your) confusion ? ... doesn't carry over to me' ... besides, I asked TooGood, I figured you would ... f' ... it up ... which you did'
just sayin' :)
AZ
~ No, I Was Thinking More Along The Lines of A Loan' From One or More Of The "Debtors", ... "Debtors" That Would Stand To Benefit From the LBHI' Plan's Implementation, While The Debtor'(s) Could Continue to take advantage of the NOL's as well, as described in the link I provided' ~
... LBHI's Implementation as a Going Concern' ... will need some Actual Hard' Cash' in order to begin to function ... Utility Bills, Office Space', employee's' ... etc. etc. ... The Actual Cash needs to come from outside of LBHI's Implementation
just sayin' ;)
AZ
~ Great Post', (I agree) ... Needs A Bump' ~
"BUT IN OUR CASE" ... "BUT" ...
~ TooGood', I'm Just Thinkin' ?, and correct me if I'm wrong, BUT' the LBHI's, Reorganizations Completion and its Enter into the Market as a Going Concern ... would need a loan ?, or a deposit of some Cash' upon "Implementation" ... LBHI has to be at a level of ZERO Cash', which ? with only $12m ish' left ? ... is now ... right ... So, back to the NOL's ... ~
I just find this segment interesting, as the "Debtors" are able to gain value as well from the NOL's for a few more years' ... SO, in would behoove the Debtor's to keep and help LBHI ... right ? ...
========
Quarterly Financial Report as of June 30, 2022 (Unaudited)
https://www.sec.gov/Archives/edgar/data/806085/000119312522254189/d393564dex991.htm
Net Operating Losses
The NOLs of the LBHI Tax Group (including LBHI-Controlled Entities) are subject to audit and adjustment by the IRS and primarily expire in or about 2028. Substantially all of the LBHI Tax Group’s current consolidated net operating loss carryovers are attributable to the Debtors. The Plan provides for an orderly liquidation of the Debtors. As previously disclosed in the Company’s Quarterly Financial Report as of March 31, 2012 [Docket No. 29731], the LBHI Tax Group received a private letter ruling from the IRS in connection with the Plan going effective that stated (i) the liquidation of the Debtors for U.S. federal income tax purposes may occur over an extended period, and (ii) the reduction of the LBHI Tax Group’s NOLs as a result of the discharge of debt pursuant to the Plan generally would not occur until completion of the liquidation.
In January 2020, the Company received a supplemental IRS ruling extending the original ruling relating to the Company’s liquidation. All remaining Debtor NOLs not previously utilized to absorb taxable income of the LBHI Tax Group are expected to be fully utilized to offset income resulting from the discharge of debt on the final date of liquidation of LBHI.
========
... I think ? ... "We" are f-n' close ... ;) ... always in my opinion of course, personally backed up with my own choice of ownership purchased with my own' CASH', using a US Broker'
just sayin' :)
AZ
~ That Is Correct TooGood', ... Wooohooo & Company WILL NOT Receive ANY LBHI Cash Already Earmarked To Be Paid To The Debtor's ... NONE' ... ~
~ Sorry, I Missed This Earlier Question', and My Posts Are always IMO', Which I "Back" with my own Choices of Ownership ~
The LBHI' CT's ... or basically All of Class 10 (a,b, & c) ... Do Not Pay Dividends' ... They are Fixed Income and pay Quarterly Interest Back to the Bond Owner ... These are Bonds' ...
While LBHI is completing its Approved Plan and Chapter 11 Reorganization ... IN MY OPINION' ... The LBHI Holding Company Has been legally able to utilize their interest returns, showing their value to "An Actual LBHI CT' Bond Owner" to not be calculable ...
turn the page'
Once LBHI is in a position to "Implement" as a Going Concern' ... Class 10' ... will function properly once again ... Being that they are Fixed Income Bonds, earning 6% plus interest yields paying quarterly ... these CT's will immediately have their actual value realized by the Market' ...
... ALSO' ... The Sept 22nd 2022 Document stipulates AGAIN' to the use of the NOL's by the Debtors ... The NOL's do not magically disappear when LBHI has run out of cash, and the Plan is "Implemented" ... Now that the Cash is basically gone ?, ... "WE" should ? ... witness LBHI Implement as a going concern ... ALL MY OWN OPINION. ...
Here is a good place to start, and then a follow up with the September 22nd, 2022 Submission;
https://www.sec.gov/Archives/edgar/data/806085/000119312522254189/d393564dex991.htm
AZ
~ I Agree' ! 100% ... Let's Be Able To Experience The LBHI Plan's "Implementation !", ... Allowing The CT's To Let The Market Place Determine a "Value" For A , 6+ % Interest Bond ! ... AND THEN' ... This Continued Litigation Over "Who Was Treated and How ?, can continue until kingdom come' ... ~
~ Oh' I See, ... Well ?, We Are All Allowed Our Opinions', ... As I've Stated, In My Opinion ?, the Accumulated Considerations ?, Have Already Been Spent' (I Hope I Am Wrong, But I Don't Think So) ~
Anyway, ... "Appellee Brief due by 12/16/2022" ... was the core of my presentation, ... meaning that a ... "Response" ... is due today. ...
and'
The "Appellee" is ... "(served on)" Lehman Brothers Holdings Inc.; and William Harrington Esq., Susan Golden Esq., Andrea Schwartz Esq."
AZ
~ Swiss, This Isn't Anything To Be Concerned Over, Just Like ALL Of The Rest ... (it'll be) "DENIED" ... Is My Opinion ~
Reading From The Docket;
https://www.pacermonitor.com/public/case/46164280/In_Re_Lehman_Brothers_Holdings_Inc
========
The "Appellee" is ... "(served on)" Lehman Brothers Holdings Inc.; and William Harrington Esq., Susan Golden Esq., Andrea Schwartz Esq."
The "Appellant" is ... the woohoo's ... and company', including, "cotton-ball firestarter" the cheerleader.
========
The Appellee Brief is due by today, the 16th, ... and then they' (the woohooo's) can complain ... AGAIN' ... about being "DENIED" ... ? ... which is due by the 3rd of January 2023' ... This Stops Nothing
ORDER: The Court has received appellants' notice of appeal from the Bankruptcy Court, Dkt. 1, as well as notice that the record of appeal is complete. Pursuant to Federal Rule of Bankruptcy Procedure 8018, the Court sets the following briefing schedule: (As further set forth herein.) SO ORDERED. ( Appellant Brief due by 11/16/2022. Appellant Reply Brief due by 1/3/2023. Appellee Brief due by 12/16/2022.) (Signed by Judge Paul A. Engelmayer on 10/27/2022) (va)
just sayin' ... just' waitin;' :)
AZ
~ I Agree, Everyone "B-Cool", and no more empty threats of what they're going to do' ... if this or that doesn't happen, blah, blah, blah ... All of those continued empty threats are meaningless' ... just ask cottonball`firestarter' and the wooohooo's how "Denied" is spelled' ~
the LBHI Plan of Reorganization has been approved quite a while ago' ... this allowed the money to continue to come in and get paid out ... that's been obvious ... AND' that doesn't mean that magically just stops' ...
... Implement' The LBHI Plan, ... Activate The NOL's ... and allow the CT's to be free, as LBHI becomes a going concern ...
I asked this before ... does anyone have an opinion on where the K' interest went today the 15th ? ...
just sayin' ... and, just waitin' :)
AZ
~ Oh', And Added' ? Schwab and the Interest Projections showing for 2023 ? ... Agree' ... ~
... "WE" ... or Schwab & I ?, ... just need that LBHI Defined Plan's Implementation Date ... (CT's return "interest" not divi's)
In My Opinion ? ... it's all good ... those September 2022 Filings were a Big Deal ...
(cottonball-firestarter and woo-hoo' company ?, ..."probably" sold off their CT's ownership, ... it doesn't matter to me what they did ? or what they didn't do ... right ? ...)
just sayin' :) ... :)
AZ
~ TooGood', I Know, I've Been Following Along ~
~ DON'T ANYONE Get Excited', ... And Not To Get To Exited About, Because I'm GOOD' ... HOWEVER' ... NOL's for Any Reorganized Company's "Implementation" Have Their Greatest Value Right At The Beginning of Each Taxation Year, ... And Then Begin to diminish as the year moves forward' ~
... ALSO' ... IF', ? ... There is a interest release, NOW' ... prior to 2022 years end ... the IRS allows for those funds to be calculated as a Taxation year 2023 concern ... : ) ...
"it could happen" ... just everyone BE COOL" ... VERY COOL'
(I've posted the LBHI CT's quarterly distribution dates before ... there's just one date' left for 2022')
just sayin'
AZ
~ YES', YES', YES', My Friend ... It's Coming ... And Nothing Will Stop The "Implementation" of the Already Approved LBHI Plan of Reorganization ... NOTHING' ~
just sayin :)
AZ
~ TooGood, Well', I'm Just Guessing AND' Couldn't Care Any Less About This Group ! ~
But this "group" ? ... probably did not maintain their ownership of these CT's, ... They Probably DO NOT Own any CT's to experience the reconstitution, Once LBHI becomes a "Going Concern" and the return of their functionality' ... besides, all of their attempts have been "Denied" anyway ...
just a fart(s) in the wind
What "WE" Need to see is the Implementation Date of the Already Approved LBHI Plan' ...
just sayin'
AZ
~ LBHI Will Be Moving Into a Date Announced Definitive' "Implementation" Of The Already' Approved Plan ~
~ So, Does Anyone Have Any Opinions on "Who" Gets To Bank These Upcoming CT's Interest Distributions ? Since The Filings ? ~
... KQ's on 12/15 ? ...
... NQ's, LQ's, MQ's, in January ? ... zip in February, ...
and so on'
AZ
~ Again', I "Hope" You Are Correct Regarding Any Accumulated CT's Interest Eventually' Being Returned' ... WOW', ... That ?, Would Be Awesome' ~
... I've read the Covenant's a number of times' and back when, I tried to get that highway' dude to read them as well' ... but ? that wasn't conducive to their true objective' ... cotton-ball-firestarter and the stooges' either ... I just don't "Trust" any of these m-f-r's ...
... Stox makes a good point also regarding the recent filings' ...
... Regarding Any "Accumulated" CT's Interest Returns ? ... You can Be Right Brother, and I WILL GLADLY BE WRONG' ...
just sayin'
AZ
~ TooGood' ... Regarding The CT's Generation of Interest Discussion ? ~
I sure hope you are correct regarding the following ... WOW' do I hope you are correct, and I am wrong regarding any accumulated' or generated interest' returns' .. I just think ? think ? think ? that they spent the money already' ... my opinion' ... But That ? would be great
"ALL OF IT. The deferred and the moving interest regularly…. “IF” LBHI continue to exist.
Market will decide on how much you can sell"
and I agree with the Market Place actions, dictating a CT's Value, that will be available once LBHI gets going' ...
Have A Nice Day' ... to Everyone
AZ
~ 100% Accurate' TooGood' ... The CT's Still Show In Everyone's Account, ... Right ? ... While LBHI Completes its Reorganization ... Right ? ... The Market Will Dictate Their Buy or Sell "Value" Once LBHI Moves Forward as a Going Concern' ... ~
This ?, Needs To Be Repeated ...
"The only obligation is to pay interest".
"The only obligation is to pay interest".
And, This Refers To The Forward Moving Interest, In My Opinion ...
Happy Holidays and a Merry Christmas People' :)
ADDED: the cottonball-firestarter ? confused himself / herself ? ... and then chose to confuse everyone else' ...
just sayin'
AZ
~ I Agree TooGood' ... It's Coming', LBHI Is Getting Ready To Begin as a Going "Reorganized" Concern ~
In my opinion, the recent transfer of more claims, ... this time to NationStar LLC is good for LBHI, ... irrelevant for WMIH', trading as COOP, but definitely good for LBHI ... LLC' is the only operational sub listed within the COOP Corporate Structure', which is ridiculous actually, ... another discussion'
https://dm.epiq11.com/case/lehman/dockets
https://document.epiq11.com/document/getdocumentbycode?docId=4120890&projectCode=LBH&source=DM
Again, in my opinion ... this is great for LBHI
Have A Great Day
AZ
~ My Deepest Sympathy and Condolences To You John', ~
AZ
~ The CT's Tentative' December Quarterly Interest Distributions, Are LEHKQ on December 15th, then January 2023 is LEHNQ on Jan 18th, LHHMQ on Jan 22nd, and LEHLQ on Jan 31st ~
... It Sure Would Be Nice' ... (there were no CT interest distributions in February, May, August & November)
AZ
~ That Was Then' (end of 2017 and forward) For Me ? "COOP" Has Provided An Amazing Profit' over four years (I took about a half of a million dollar profit from just this one investment / security this year 2022) ... from $5 pps to between $45. to $50 This Year ... "COOP" Being the "Tell" and My Heavily Buying In ?, Has Thankfully Worked Out Well' ... The same was available to anyone' ... I still hold my released participations, as well' so ... ~
... I don't apologize for a lack of action' ... I took a risk and it paid off'
AZ
~ KKR and Gallagher (the WMIH CEO at the Time), Changed The Dynamic' in Early 2018'. ... WMIH to "COOP" Were The "Tell" ... Yep', I Added A Lot and Went Heavily In and Have Now Pulled Out Profit Made From the $5.00 2018 Range to the 2022 $45. to $50. pps Range ... I'm Still Holding About 1,000 COOP', But This COOP Has Begun To "STINK" and I'm NOT Getting Any Younger' ~
... "Profit" Is A Happy Word ... the market is for risk takers' ...
AZ
~ A Hypothetical Question ?, Correct Me If I Am Wrong', Since A CT's Functionality Is Similar To A past tense' WMI Piers (a term capped H), Would It Make Sense That A CT' Could' ?, Also Be Capped' ?, At Roughly Half Way Through Their 40 Year Term' @ Roughly $12.50 per ?, as well as the entire class 10' a, b, and c ? ~
AZ
~ ADDED; TooGood, I'm Considering The Differences Between LBHI as a holding company as well as WMI's, Both LBHI and WMI's Plans Were Approved, ~
The WMIHC' "newco" Began To Function, AND THEN, The Creditors Were Paid Over Many Years'
The LBHI (potential newco' yet to be realized) Has Already Had It's Plan Approved, HOWEVER', The Creditors Are Being Addressed PRIOR TO' The Actual Implementation Of It's Reorganizational newco'
... I Believe The Signed Court Order Allowing For The Document Destruction, and the Trustee Issues ... Were A Very, Very Big Deal'
AZ
~ TooGood, Do You Have Any Thoughts or Opinions Regarding The Necessary Operational Cash The Reorganized "Shell" Would Come From ? ~
I'm Thinking About The WMIHC' (newco) Implementation With A Credit Facility ($125m) and a gifting ($75m) ? ... H's were capped, and the newco' shares were issued to the remaining impaired classes' 19(preferred bonds), 21(a litigation completion), and 22 (the 22's were the commons)
Thank You For Your Participation
AZ
~ Yes, I Do' ... The NOL's Have Already Been Utilized', (calculated against what numbers again ?, LOL' hint, the WMB Seized Bank Has Not Been Finalized By The FDIC') ... WMIH CEO Gallagher Monitored The Private Offering, with Documented Threats of Consequences (in SDNY) ... IF' ?, the Information Shown', Was "Released To The Public" ... and ?, in my opinion the share count still needs to be rectified' ... the Use of the NOL's ? ... Is A Tell' ~
~ Thanks (WMIH) / "COOP" For The Sweet Sweet Profit Able to be Taken', from a COOP $5.00 pps (2018), to $45.00 / $50.00 pps in 2022 ... ~
hunker down, there's a world wide financial storm coming ... might as well have some fun during the "storm" ... right ?
Thanks Judge Walrath and KKR' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170236381
~ Agreed, I've Never Paid Any Attention To (m-cryptic' cottonball) ... fire starter' ~
That case had zero to do with the LBHI CT's
:)
AZ
~ That's Correct Swiss, Keep Up The Good Work ~
~ Doesn't Matter, Cases ARE NOT Comingled' ... The LBHI Plan Has Already Been Approved' ... misunderstood ? Yes' ... But Still Approved' ... NO one needs any unrelated precedent caselaw' at this point' ... The process for the CT's and the LBHI Holding Company has been well documented ~
The LBHI Holding Company has been and will continue to utilize the CT's Generated interest earnings until the LBHI BK is closed and a "newco", able to use the NOL's, ... emerges' ...
AZ
~ So As I Said, "Unrelated", ZERO or NOTHING To Do With The LBHI CT's or the LBHI Holding Company's Approved Plan', Just' As I Thought ~
AZ
~ I'll Only Believe There's (nothing more) Yet To Come, "Once" I See A Completed Corporate Structure Filed, Listing ALL Operational Subs, and NOT Just The One' Sub (LLC'), Which Has Been Humorous IMO' ~
... WMIH now "COOP" Has Been Very Good To Me' ... I hardly have much of a "COOP" position these days, ... However, ... the profits taken since the 2018' single digit purchases, have provided A LOT' ... So, Thanks WMIH / COOP KKR and Judge Walrath' ...
a luxurious month in Europe (Sept 2022), a new C-8 (Dec 2021), a sweet Cadddy as a second (March 2022), and $100k, gifted to help one of my kids buy a condo last January 2022.
... Have A Great Day Everyone' ... I no longer care much about' what COOP does, My COOP Position has been mostly Used' now, less than 1000' shares' ... Let's see an accurate Corporate Structure' ... and make a decision as to continue to own this WMIH, trading as "COOP"
just sayin'
AZ