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Because the defendant did not perform what they are supposed to do? The certificates are required to be filed in the bk. If you think filing something that you are required to be filed is self incriminating, then you are obviously hiding something.
Is the motion to compel that LBHI filed valid? Why is it that you will say LBHI's motion to compel is valid and not W's?
You dont have to answer back because there is no defense against the truth.
Is the Motion to Compel filed by LBHI shortly after W filed his used correctly?
There are two motion to compels??? One filed by LBHI. That one is used in the same context as the other one.
Are the motion to compels used properly? It seems like LBHI is using it to compel that mediation procedure.
There are two new letters on the docket. Are any of the two one of you guys?
What I said is just my personal opinion. I am not advocating for anyone to sell or buy. It's all up to you. I only said what I said in response to toogood's post. Good luck to all you guys.
I will. I am okay with 13 cents a share. I am going to wait for a www outcome first. Good luck to us all. V.
I think 13 cents is fair. Its below all the ask prices and slightly above all the bid prices.
The guarantee is supposed to be iron clad. CTs were built to be dangerous during defaults. The only problem is you got a plan Administrator working with the judge to keep the CTs under wraps because they know they made a huge mistake with all the subordinated guarantees. It's not just with our CTs.
ECAPs got a trustee who cared and fought for them. They are now getting something. Our trustee dont care and just want this bk to end without doing any more work.
If www loses. It's all over buddy. The CTs will get discharged.
If they lose, I am out. It will still be early enough where I believe I can still make a profit. I bought my shares between 9-12 cents. I believe I could exit between 12 and 14 cents. You can have my shares for 13 cents if they lose.
Toogood, there is no motive. What can anyone do but, watch www? All we can do is wait and argue like we are doing now.
If www dont win, I am selling toogood because like I said many times before, judge chapman and LBHI do not recognize our guarantee. If www loses, we are getting discharged.
Oh my god toogood. Stop arguing. It reflects poorly on you. LBIE knew they will have a surplus years ago. I want to say like in 2017. I have to double check but they knew of a surplus years before the UK Ruling. Come on man, just man up and admit you are wrong. You are arguing against facts.
It's okay to not understand the LBHI bk. I dont understand all of it either. You need to just do your research at this point. Good heavens. Smh.
Dont celebrate too early as LBHI is ONE of the partners of LBIE. Also, lbie does not have to distribute all the surplus if it's going to continue its business.
Ecaps was paid before the UK Ruling. Get your facts straight. The recent announcement is for clawbacks. Do you know what those are?
Again, please do not over represent yourself. I am way more knowledgable than you in the CTs and I am still learning. You just need to research toogood. Dont embarass yourself more than you already have. Good luck.
Toogood, that is not the official order from the court lol. I just checked the docket because I wanted to read it. You got me good. I guess I am still in as long as the lawsuits are pending. If WWW loses, I am out. I stated my reasons why. Good Luck and good one.
Okay. The CTs are screwed. The BK Court and LBHI does not recognize the guarantee. There is no other way to get paid but, through the guarantee. They will discharge the CTs at the end.
The Waske and Wu Appeals are not enough for me to stay in and see this through. I am selling my shares and will try to recoup my cost while I still can.
The Guarantee is not recognized in the BK. That is my reason for selling. LBHI will discharge the CTs now. Good luck to you guys.
I guess getting paid leads to the eventual party. Lol. Good Luck.
As for sure you did not know, ECAPs have a subordinated claim with LBHI in the LBHI BK. And they fought to get paid with LBHI. They already got paid in Europe.
Ecaps fought to get paid in the US against LBHI and got rewarded. Like I said, if you are a subordinated guarantee and want to get paid, you have to fight for it. Otherwise, you get nothing.
If you want to get paid, you have to fight for it or LBHI will steam roll your subordinated guarantee. The ECAPs trustee fought for their payout and got it.
We are in the same boat with them. If you do nothing, you get nothing. The subordinated guarantees are all being shafted. We are the ones with a solid guarantee and even that LBHI is not recognizing it. You have to fight for your right to get paid if you have a subordinated guarantee.
You are not missing anything. The objection should be denied. I believe Wossilek is in good shape. To me, the objection is a rant and shows desperation.
I dont need too. It's all there in the motions for Judge Chapman to read.
Nope. See Bk code 510(a).
They are required to file the certificates during the normal course of business throughout the Bk. The bk does not EXEMPT lbhi from filing the certificates. That was also brought up on the motion to compel.
LBHI have to file the certificates in accordance to bk code 510(a) and relevent prospectuses which is in other word, in accordance to the bk ala in accordance to the POR.
I sense panic on behalf of Mr. Fail. The motion was filed from a position of weakness.
A motion should not be needed for them to willingly file the certificates. They did not because Weil knowingly and willfully violated the POR and prospdctueses. That should be CRIMINAL. The intent is 1.2 Billion dollars. That is my understanding and how I read the motions.
On top of that, the objection was filed way passed their 21 day deadline.
Lol. Okay. Good luck to you.
Are you for real? You do not understand what "you have no substance" mean?
What did you mean if my questions are acceptable? And what hearing are you talking about? Lol
That is because you have no substance. You cant argue against facts. My questions are there for you to answer. And you can't. No use replying if your intentions are to dodge my 2 questions. Good luck to you.
The law firm of Waske, Wossilek and Wu llp. Lol
What did the way too late objection accomplish to refute the summary judgement? Did they clarify their covenant certificate position?
The objection is questionable at best. Correct me if I am wrong but, LBHI is staring straight at a summary judgement.
What in the summary judgement did the objection refute or was able to prove wrong? You tell me toogood.
The objection is nothing more than a rant. LBHI brought up WASKE! WASKE? COME ON!
I am not law smart. I would like to think I am street smart. I could also not be that lol.
I pass the objection off as a rant with no credibility because the way too late objection brought up waske. That is a big give away. Waske has nothing to do with the motion to compel or the motion for summary judgement. The attack shows they are yelling from a weak position. Waske? Come on!
Did they address the covenant certificates?
I see the objection as nothing more than a rant lol. I dont think the objection is even valid. Did they address the covenant certificates? And they are way too late on their objection. The court will probably just throw it out.
Did you guys read that letter from Manga? He is talking about halting distributions and clawbacks because of the unfiled certs.
He is calling Chapman to stop distributions that contain sub debts guaranteed by LBHI or proceeds coming from the UK litigation. It is good chyat.
Okay. I will. Good luck.
Man, no. Lol. How can a reorganized lehman be the same as the old lehman? Does that make sense to you? Good night!
What is the story of the clawback? Did LBHI overpay? Do you know the details? Thanks.
It benefited wessolik by them not responding. Objecting is a procedure. If you dont use it, you give up your right to win. Wessolik said he was undisputed and ask for a summary judgement.
I will do better. WWW said the guarantee was violated. LBHI and Weil said the CTs have a 1.3 billion sub debt claim only. They are not recognizing the guarantee. The transcripts tells me it's the same with the judge.
I looked up the requirements for a summary judgement and compared it to Wessolik's summary judgement. I think their strongest argument is that they flat out said LBHI did not file the certificates. They said it with confidence.
Also, they listed the chain of events on how LBHI failed to respond.
My question is why did LBHI not respond or object?
Why are you quoting the part of the prospectus the BK is not honoring? You have to find that language you posted in the POR. Its not there. Our CT Guarantee is not being recognized. That is an undisputed fact. Try again.
The person barking up the wrong tree is you and you think you know it all.
One more thing, debt for equity that seems like a hot topic for you. Well, debt for equity excludes you.
My takeaway point for you is, there is nothing you can do but, watch the court cases. Your CT fate is tied to the courts now. Good luck to you. V
The problem is what you are not seeing on the POR And that is our guarantee.
What I expect and hope to see is our guarantee recognized on the POR.
Nothing magical will happen like your fantasy that we will all of a sudden get shares of a new company. You know who will get the new shares if there is any?
THE CREDITORS WHO IS ON THE POR AND WHO SURVIVES THE DISCHARGE.
CURRENTLY, that is not you toogood because you are getting DISCHARGED!
That's easy. What represents our CTs interest in this BK? Look throughout the entire "The PLAN" (official name) and you will only find the 10B claim.
There is no hidden plan here like the off balance sheet. There is only ONE PLAN. The Plan list all the Guarantees and the CTs are not one of them. They should be one of them but currently are not.
There are NOLs as poket pointed out in the disclosure statements. IMO, there will be a surviving entity. The question is are you a part of it? Without the guys who you beat up who are fighting for us, the only thing you will get is discharged.
Like I said, do yourself a favor and do your DD. Your knowledge is nowhere near mine and my knowledge is nowhere near those guys you put down.