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Up 30%.....
Go HAZH...
**** .....HAZH....**** up 30%
LOW FLOAT, 120Mil OS
IMO
**** .....HAZH....**** LOW FLOAT, 120Mil OS
I'm thinking of unloading some @ 2 cents.
do you think I should hold longer?
Thanks for your advice
Dr.Alkarim Bhanji CEO
owns 19 Mil shares...Wow!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=5093204
Share Structure
Shares Outstanding 120,000,000 a/o Dec 17, 2012
Float 120,000,000 a/o Dec 17, 2012
Authorized Shares 500,000,000 a/o Dec 17, 2012
Par Value 0.01
Lets Rock n Roll
Calling MOMO's
.............................HAZH, OS 120 Mil shares
$0.0011/0.0013
Calling MOMO's.....HAZH, OS 120Mil shares)
$0.0011/0.0013
From J,s Prospectus
Defaults
Each indenture provides that events of default regarding any series of debt securities will be:
• failure to pay required interest on any debt security of such series for 30 days;
• failure to pay principal or premium, if any, on any debt security of such series when due;
• failure to make any required scheduled installment payment for 30 days on debt securities of
such series;
• failure to perform for 90 days after notice any other covenant in the relevant indenture other
than a covenant included in the relevant indenture solely for the benefit of a series of debt
securities other than such series; and
• certain events of bankruptcy or insolvency, whether voluntary or not.
If an event of default regarding debt securities of any series issued under the indentures should
occur and be continuing, either the trustee or the holders of 25% in the principal amount of
outstanding debt securities of such series may declare each debt security of that series due and payable.
Unless otherwise specified in the applicable prospectus supplement or supplements, if the principal of any original issue discount, or OID, note, other than an indexed note, is declared to be due and
payable immediately as a result of the acceleration of stated maturity, the amount of principal due and
payable relating to the note will be limited to the aggregate principal amount of the note multiplied by
the sum, expressed as a percentage of the aggregate principal amount, of (1) its issue price plus (2) the
original issue discount amortized from the date of issue to the date of declaration. Amortization will be
calculated using the interest method, computed in accordance with generally accepted accounting
principles in effect on the date of declaration. The amortized face amount of a note will never exceed
its stated principal amount.
We are required to file annually with the trustee a statement of an officer as to the fulfillment by
us of our obligations under the indenture during the preceding year.
No event of default regarding one series of debt securities issued under an indenture is necessarily
an event of default regarding any other series of debt securities.
Holders of a majority in principal amount of the outstanding debt securities of any series will be
entitled to control certain actions of the trustee under the indentures and to waive past defaults
regarding such series.
Before any holder of any series of debt securities may institute action for any remedy, except
payment on such holder’s debt security when due, the holders of not less than 25% in principal amount
of the debt securities of that series outstanding must request the trustee to take action. Holders must
also offer and give the satisfactory security and indemnity against liabilities incurred by the trustee for
taking such action.
If an event of default occurs is continuing regarding a series of debt securities, the trustee may
use any sums that it holds under the relevant indenture for its own reasonable compensation and
expenses incurred prior to paying the holders of debt securities of such series
------------------------
CERTAIN TERMS OF THE REPLACEMENT CAPITAL COVENANT
........
Our covenants in the replacement capital covenant run in favor of persons that buy or hold our
unsecured indebtedness during the period that such indebtedness is ‘‘covered debt,’’ which is currently
comprised of our junior subordinated debentures underlying the 6.24% Preferred Securities, Series N of
Lehman Brothers Holdings Capital Trust VI (CUSIP No. 52520X208). Other debt will replace our covered
debt under the replacement capital covenant on the earlier to occur of:
• the date two years prior to the maturity of the existing covered debt; or
• the date of a redemption or purchase of the existing covered debt in an amount such that the
outstanding principal amount of the existing covered debt is or will become less than $100 million.
------------------------------
https://www2.morganstanley.com/wealth/Markets/IPOCenter/Prospectus/?DocID=p_LEH02
gus, N's are trading at $0.52,
you lost around $22K so far selling 100K shares @0.30.
Sorry for your loss!
its showing HOD, 0.50$
Joe, You know better than Harvey Miller, the lawyer guiding Lehman Brothers Holdings Inc.??
"In exchange for that eye-popping payday, approved by the judge in charge of the case, Lehman creditors are poised to get 18 cents on the dollar by 2016, from an estate valued at $65 billion, according to a liquidation plan approved in December 2011. Miller, 80, estimated that recovery may rise to as much as 22 cents as the value of Lehman’s assets increases over the next three years to about $80 billion"
""“I am sure debt traders have their own projected recovery valuations.”""
http://www.bloomberg.com/news/2013-09-11/lehman-recovery-seen-as-justifying-2-billion-bankruptcy.html
Not the painter ;),MM's buys at 3999 are mine.
almost 200K Ct's here.
GLTY
bidding to buy M's @33 if you want out.eom
If you're playing a poker game and you look around
the table and and can't tell who the sucker is,
it's you.
Paul Newman
LBHI Cash Flow Summary 2011-2014
https://imagizer.imageshack.us/v2/797x524q90/513/2g1b.jpg
go to:
http://www.venetobanca.it/en/c/document_library/get_file?uuid=a4f17dca-9145-491c-849c-6d52ea2401ea&groupId=11351
start with page 125 onward
NSS practice to quit on March 14th.Lets see covering!
http://www.dtcc.com/~/media/Files/pdf/2014/2/7/a7676.ashx
$0.0003??
any word on whats goin on?
Noisy bashers!!
Chronic exposure to noise may cause hypertension,high stress levels & bad decisions.
Up 183%
Go HAZH!
You guys gonna make $Mils and are looking for Jag & Jeep??
Well, Mine is gonna be Pagani Zonda for sure!
;)
Lehkq CUSIP: 52519Y209
http://stockzoa.com/cusip/52519y209/
:)....
1-212-815-5560
Joseph Powell
Bank of New York
Give this guy a call...
We're getting FV, back dividends with interest, and a final up listing to the NYSE or AMEX(with a R/M)..
Got Lucky adding some more at 22 cents ( My bid was 26).
IMHO...
00005] LIST OF 4 LARGEST UNSECURED CREDITORS
-----------------------------------------------------------------
Entity .................. Nature of Claim ............. Claim Amount
------ --------------- ------------
Citibank, N.A., as indenture ........... bond debt ........ $138,000,000,000
trustee, and The Bank of New
York Mellon Corporation (with
respect to the Euro Medium
Term Notes only, as indenture
trustee, under the Lehman
Brothers Holdings. Senior
Notes.
The Bank of New York ........... bond debt .......... $15,000,000,000
Mellon Corporation, as
indenture trustee under the
Lehman Brothers Holdings
Inc. subordinated debt.
AOZORA ............ bankloan ........... $463,000,000
1-3-1 Kudan-Minami
Chiyoda-ku, Tokyo 102-8660
Tel: 81-3-5212-9631
Fax: 81-3-3265-9810
Mizuho Corporate Bank Ltd. ........... bank loan ........ $289,000,000
Global Syndicated Financi
Division
1-3-3, Marunochi, Chiyoda-ku
Tokyo, Japan 100-8210
-- preferred stock:
(1) Up to 5 million shares of 5.94% Cumulative Preferred
Stock, Series C;
(2) Up to 4 million shares of 5.67% Cumulative Preferred
Stock, Series D;
(3) up to 12 million shares of 6.50% Cumulative
Preferred Stock, Series F;
(4) Up to 5.2 million shares of Floating Rate
Convertible Preferred Stock, Series G;
(5) Up to 66 million shares of 7.95% Non-Convertible
Perpetual Preferred Stock, Series J;
(6) Up to 12 million shares of 6.375% Preferred
Securities, Series K;
(7) Up to 12 million shares of 6.375% Preferred
Securities, Series L;
(8) Up to 16 million shares of 6.00% Preferred
Securities, Series M;
(9) up to 8 million shares of 6.24% Preferred
Securities, Series N;
(10) Up to 4 million shares of 7.25% Non-Cumulative
Perpetual Convertible Preferred Stock, Series P; and
(11) Up to 2 million shares of 8.75% Non-Cumulative
Mandatory Convertible Preferred Stock, Series Q;
PLUS:
-- 694,401,926 outstanding shares of common stock,
Types of preferred securities
There are several varieties of preferred securities and the terms used to describe them can be complex. Here are the primary types, beginning with those that have the weakest guarantees:
- Preferred stock can be considered the most "traditional" type of preferred security, representing ownership in the issuing company. Unlike an issuer's common stock, preferred stock has a fixed par value. Dividends may be suspended at any time and are not cumulative, meaning they don't need to be paid back. As equity securities, the coupon payments of some of these preferreds may receive advantageous tax treatment such as eligibility for qualified dividend income treatment. This is one reason many individual investors have chosen preferred stock, historically; however, it's important to read the prospectus to understand whether the payments on any shares that you own are taxed at the qualified rate.
- Hybrid preferred securities are next in line. In the firm's priority of payment scheme, hybrid preferreds generally rank below the issuer's senior unsecured debt, but above preferred stock. Examples of hybrids include capital trust securities and junior subordinated debentures. The interest payments can be deferred, and can be either cumulative or non-cumulative. If payments are deferred for cumulative preferred shares, the coupons accumulate and must be paid back later, short of bankruptcy or default. This adds a bit of extra protection for investors, as well as incentive for the issuing companies to keep making payments, since they know they'll have to pay them eventually.
"Non-cumulative" means that if payments are deferred, they don't accumulate and won't be paid back later. This is a particularly unattractive feature, warranting higher yields for investors. Don't purchase non-cumulative shares unless you understand the risk of deferral and receive a higher yield than you'd receive from a traditional cumulative preferred share. Also keep in mind that deferred payments from hybrid preferreds can generate a "phantom" income tax, which makes the holder liable for income not yet received. Hybrid preferreds tend to pay interest, not dividends. They usually have fixed maturity dates (though generally long), compared to preferred stock, which is perpetual by nature.
- Baby bonds, or senior notes, are just that: senior unsecured obligations of the issuer. Like bonds, they pay interest, and any missed payments constitute a default. Unlike bonds, they usually have a par value of $25 instead of $1,000, and they usually trade on an exchange. Despite their $25 par value and association with other preferred securities, these securities offer the same guarantees that senior unsecured bonds offer.
http://www.schwab.com/public/schwab/resource_center/expert_insight/investing_strategies/bonds/preferred_stocks_higher_yields_different_risks.html
Three principal documents define a trust preferred securities transaction: a trust agreement, an indenture and a guarantee agreement.
Details:
http://www.sgrlaw.com/resources/trust_the_leaders/leaders_issues/ttl4/923/
Bidding to buy LEHLQ @30 if anyone wants out. eom
Below is the historical trading data since then
http://www.nasdaq.com/symbol/ssty/historical
......
OS as of Sep 16 2005 = 1.957 Bil shares
http://www.otcmarkets.com/stock/SSTY/company-info
How do you know that?
Can you prove it?..A link?
TIA
KBCreams.com
Call Mrs DIALLAH, she might help you!
WRONG!!!I see Bids!
I own couple of millions.
Problem is;No sellers out there.
Look at the B/A spread!
OS 120Mil shares
Dr.Alkarim Bhanji CEO owns 19mil shares.
I own 2 mil shares..
99mil shares left..lol!
LOW FLOAT!!!