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That letter is new! Did they redact the letter?
You have serious issues my friend.
What evidence are you looking for? If you are asking for court case #, look them up. Its all public knowledge. Do some homework, buddy. Its all there.
Toogood, seriously do some DD. www are either ongoing in bk court or in appeals court pending. You are beginning to sound ridiculous. Its like you have no clue what is going on. Do some DD, buddy.
I have nothing against www. It seems you do. Thats all I got to say buddy.
Why would I? I do not hold ECAP. Why dont you try to say something useful or accurate for once? How about that?
ECAP's trustee fought for to enforce the ECAP's guarantee rights obligated by LBHI. LBHI paid ECAPs under the 10A terms also. That was on top of what the UK paid.
To sum it up, the ECAPs trustee fought to get the ECAPs paid while they were in 10A, which they will now reclass ECAPs out of to get paid.
I think its the other way around buddy. Good Luck.
Lol, " the subordinated guarantee is a situation", lol. Lmfao. Ok.
Again, I did not call for an audit. You brought up the topic. Dont put words in my mouth. That is what losers do.
Again, just like all your worthless post that are fantasy and baseless, the Appeals are pending. Lol. I just called you out again. Thats all. I OWN YOU in our debates.
If everything is captured, accurated and reported accounting to GAAP, then it will be AUDITED FINANCIALS. Until then, its UNaudited.
You are the one with the fantasy thinking we currently are being protected by the subordinated guarantee when the judge and the plan admin don't even recognize our guarantee per the transcripts and their actions. And who is keep peddling the 50 billion in NOLs which is also no where to be found on the BS? YOU, CLOWN!
COME BACK to reality.
Again, I will sell if Waske, Wossilek and Wu loses. 2 are in Appeals and one have a Summary Judgement pending.
If you can't handle the discharge talk which is s certainty if WWW loses, then ignore my posts.
The other fact is the bk has been extended for 5 years. The bk will not end anytime soon. What I said about the assets are also true.
What you post are the question marks.
We do not know exactly where the cash is coming from until we near a distribution. Even during that time, it has never been fully reported on the unaudited finacial statements. The cash can come from many avenues such as lawsuits, clawbacks, UK, illiquid assets, etc etc.
I hope you are right.
That is exactly what I am talking about. Why are Ecaps getting a settlement and thus getting paid? Because their trustee fought for it. The ECAPs would have the same fate as CTs and everyone in 10ABC, 11 and 12 if their trustee did not fight.
I wish our trustee would fight for us. But, they wont. Instead, we got www. They are imo keeping us alive.
Discharge means exactly the bk discharge. We get nothing and written off.
The issue with me right now is not about assets illiquid or not. Its about survival of our shares. LBHI and the bk court is not recognizing the subordinated guarantee. You can tell that by their action and by reading the transcripts. The Plan Admin said or implied it very convincingly.
We see LBHI planning for the exit from the bk. This is what we predicted. There will be a surviving entity and $$ but just not for us if WWW dont win. They plan on discharging 10-12 classes if www dont win and give the new company to classes 1-9.
They can do it. They dont need shareholders. They dont.
Unless, they plan on discharging the shareholders or class 12 and replace them with higher class creditors.
My shares will only be sold if www loses their court cases because at that point imo we will be discharged at the end.
I bet if they enforce only a part of the guarantee, www will sue them. Its jmho. Www or another person is an example of what the consequences can be if lbhi only enforce a part of the guarantee.
Your attacks dont bother me. I am telling you what the reality is. If your outcome hinges on the subordinated guarantee at any level, you better hope www wins because the subordinated guarantee is either good as a whole or will be ignored as a whole. There is no picking what part of the guarantee you see fit to survive and another part of the subordinated guarantee as deemed not valid. The subordinated guarantee is good as a whole or ignored as a whole. Therefore, if WWW loses, we are getting discharged. The lawsuits represents the guarantee. The court and the plan admin are ignoring the guarantee. Their actions and the transcripts proves this. If lbhi chooses to enforce only a part of the guarantee and not all of it, they open themselves up for lawsuits. Bankruptcy code 510(a) is clear. The subordinated guarantee is valid in and out of bk. Lbhi violated that. They are lucky chapman is willing to help them cover this up.
If WWW loses, its over. Lbhi, the plan admin and the judge will have no choice but to continue their path and that is to ignore the guarantee and discharge the CTs at the end. Have a good weekend.
Like I said, I will sell if WWW loses. That should be very clear, right? I will sell because if WWW loses, we will get discharged. PERIOD.
You know your responses are only taking away from your already damaged credibility right? Do you read your own responses?
You did not read the footnotes did you? Lol. I rest my case.
Also, isnt my fate here tied to yours? If I get nothing, you get nothing! Lol.
You have issues buddy. Both with your research on lbhi and personally.
I did and I read the procedures for reserves for BKs.
Let me continue to correct your errors. Only material lawsuits with a high probability of losing need to be reserved. Not all lawsuits. And even if there is a reserve, it does not have to be 100%.
Unless you know of another indivudual suing on a guarantee claim or entity, its probably waske and crew being reserved for. I dont see anything on the dockets on any other dispute recently relating to a guarantee claim outside of the settle ecaps. But, I will admit that I am not sure the reserve is for waske. That goes the same for the 37 million. Those are two possibilites.
As I stated, j. Chapman and the plan admin istrator do not recognize our subordinated guarantee in this bk. The proof is in the transcripts and their actions. They ignored every singled provision of the subordinated guarantee in court and with their actions. They will be consistent and ignore the subordinated guarantee all the way even the no discharge because if they are not consistent, they will open themselves up to liabilities.
So if WWW dont win, you are right SELL because the CTs will get nothing but a discharge from the bk.
If you think the plan admin will give you a free ride into the new entity, you are more gullable than I thought.
Now, lets hear your argument. Tell me how there is no lawsuits and how the CTs will magically get shares of the new company? Lol
I have faith. I will keep holding as long as WWW lawsuits are in play. As long as the lawsuits are ongoing, there is hope. If WWW wins, we are set to make money. If they lose, I will then sell because if WWW loses, we will get discharged in my opinion. My reason to support my discharge opinion if WWW loses is that judge chapman and lbhi/plan admin does not recognize our subordinated guarantee even though it is valid under bankruptcy code 510(a). That is the truth.
The bk is extended for 5 more years. They are now going after mbs lawsuits. The bk "plan" is still going on. This bk is not over guys.
On the footnotes, Weil said that they reserved all cash for a holder of a guarantee claim dispute and because its all cash it was not reflected on the statememt.
That 37 million might or might not be for waske. We can guess. Waske can be reserved by the footnotes, the 37 million, some other place or not reserved at all. Who knows?
The 945 million maybe be the uk money??
I will take 20%.
Me too. I am impatient and most of the time ended up paying the ask. I did get a few filled at bid when I GTC them. I have roughly about 150k shares now. It's a small pot.
I think all the distributions resulting from the 5 year extension are called additional distributions. JMHO.
Thanks.
What is the dollar amount of this upcoming distribution? Thanks.
What is the dollar amount and details of the upcoming distribution? Thanks.
Then just say it. That's more than a fair statement. Everyone is entitled to their own opinion.
You don't make sense buddy and you seem juvenile. But, good luck to you anyways.
It's already done. The motion to compel and summary judge are already filed. I trust WWW will be on top of it. I am thankful for them and will just observe the outcome. I am nowhere invested as much in the CTs as you guys. I am a WaMu guy. I already made my money there. Good luck.
That is what they are doing. Did you not read the motions?