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When is the Balance Sheet due? Thanks
Alright. Thanks. I was just curious. I wonder if what they are talking about involve subordinated debts?
I think all the misinterpretation is with you. It's all good. We are just common people. It's ok to be wrong.
That is still wrong. The CTs were NOT "ISSUED BY LBHI". Let's hear more spins now. It gets worst with each spin. Just drop the topic.
I know now for sure you have no clue on what you are talking about. The prospectus tells you who the underwriters are. LBHI did not underwrite the CTs.
The clearest clue on you are BS is when you said that LBHI put their commons into the CTs to give them value to issue the preferreds to the market. Lol.
How can you blatantly lie like that? The prospectus tells you who the underwriters are. LBHI did not underwrite the CTs.
No, I do not believe I misunderstood anything. You suggested that LBHI wrote the CTs. Now, that is a for sure "misunderstanding."
No. You do not underwrite your own Trups. Lol. The prospectus clearly states who the multiple underwriters are.
Post the rest of it.
Does this have any relations to the uk litigation?
POR is extended for 5 years. It's not closing anytime soon.
Did you mean LBIE surplus?
7 years too late? They extended the POR another 5 years. We went from the 9th inning to back to the 6th inning.
That is fine. Like I said, we will agree that we disagree. It's time for me to take care of my business. I check the boards once in awhile when new things pop up.
Good luck to all.
There is only one guarantee.
I am not an attorney but, if you argue the guarantee it's all about rights so its m oot .
Our guarantee is a guarantee of rights or something like that. LBHI does not even recognize our guarantee. You speak of it like it's automatic.
I guess it doesn't matter if you are wrong. Its beyond our control unless we join. Good luck
I am more of a fnf investor. I hold a small 100k position here. I do not claim to know more than anyone else but, I truly believe you have a misunderstanding on how Trups work. We will just agree to disagree.
The money raised for LBHI is through selling our preferred shares in the open market and those preferred shares pay dividends to the investors. The dividends are paid for by the payments LBHI makes on the subordinated debt to the Trust. There is no LBHI commons involved.
If an investor wants LBHI commons, they will just buy LBHI commons at the time.
Good luck.
Trusts are dissolved not discharged.
Our trust is a vehicle to raise money. An investment bank created our trust for LBHI. It issued the common shares to LBHI and preferred shares into the open market to raise the money we gave to LBHI. LBHI then issued the subordinated debt for the money raised. The preferred shares are backed by the subordinated debt that is being held by LBHI in class 10b now. That is my understanding.
What is yours?
"THE TRUST CAN BE DISCHARGED TOO?"
I think I read enough. Good luck guys.
No. There is no common stock placed in our trust. LBHI did not place LBHI common stock into our trust.
The common stock of our trusts were issued to LBHI. The preferred stock which we own were issued to be traded in the markets.
Please do not falsely think that our Trustee is holding LBHI common stock. They are not.
We issued our cap trust common stocks to LBHI. We hold the preferred shares.
Cottonisking, what are your thoughts on this?
I guess we will just agree that we disagree. You never answer my question on what makes you think we are LBHI equity?
Continue on my deleted post 92028.
I believe Waske and Wu have the intentions to fight for us all. I can tell by the way they wrote their motions, letters and correspondences. Waske is all inclusive. But, did you notice their Reserve? That Reserve is for them only. The reserve amount can be covered easily.
Cottonisking said there are billions still to come from recent events. That can cover all of us. There is enough money.
I can confidently tell you this, we are not the equity of LBHI. As of now, we have no claims to the NOLs nor are we in on any post bk company plan.
No, I do not get your point. You are extremely misinformed. What makes you think we are LBHI equity?
Because if it were left to the Plan Admin, he will discharge us in outright disregard for the subordinated guarantee. He game is to claim stupid.
BNYM is only a buffer if they the Trustee were the only ones that can act on the subordinated guarantee and they choose to refuse to do so. But, there are 3 problems they failed to account for. They are the Three Musketeers.
Thanks for your answer.
Are you saying that the preferred shares you and I hold are equity of LBHI?
Why did you think I asked about the joinder question? The musketeer I spoke to was very clear and transparent on his intentions. I believe they are doing their best in court to cover all the CTs. Lets just leave it at that.
Are you a LBHI equity holder? Only the LBHI Equity holders own the NOLs and all the assets.
Lucmariepierre is a LBHI equity holder. Are you?
I correct this statement.
Notice all 3 are (not, replace with now) arguing for the non discharge right that we have.
TO READ:
Notice all 3 are now arguing for the non discharge right that we have.
That is a very flawed argument. I do not know if there will be any NOLs left. The owners of LBHI are the shareholders currently in Class 12 as the OBS. That is not us.
We are in class 10B. In order for us to be EQUITY OF LBHI we need to be converted into LBHI EQUITY first. Right now, we do not own any NOLs. We have no rights to any NOLs or to a post BK company. On top of that, we are on course to be discharged. LBHI is not even recognizing the guarantee which is what all the hybrid scenarios here hinges on. All you people who are rooting for Waske and Wu to lose are rooting for your own discharge and game over.
By the way, notice Waske, Wu and Wossilek all starts with a W. They even sound like a law firm LOL. I guess they are our law firm. I wonder if they charge?
There is only one problem with all your analysis. Are you guys following Waske and Wu? And now this new motion?
In order for CTs to survive in any form post bankruptcy we need our guarantee to win out. It seems according to Waske and Cottonisking LBHI is taking the position that they cancelled the guarantees. One of the arguments Waske, Wu and Wossilek are arguing is that the Guarantee is not cancelled because we never received compensation for it. I can't seem to find any proof that our guarantee is cancelled inthe first place. We never received any compensation as per Cottonisking for the cancellation if it indeed did occured. Maybe Cottonisking can tell us where he got the info that the guarantee is cancelled. Remember, being placed in 10B was a cramdown. Our votes did not even matter.
I spoke to one of the litigants and he told me that if the BK were to be left on its own course to wind down, we would be discharged. Notice all 3 are not arguing for the non discharge right that we have.
I welcome any comment on this point from anyone. I like to hear different sides of the story.
They filed a Notice of Errata. It looks like they used a Wu template from the web and fixed page 10 with the Errata. Regardless, I like the motion. The next question is who is joining???? :)
It's good news but, the bad news is the dems are taking over the potus and capitol hill. The dems will imo pillage the gses to finance their spending.
The issue is that fnf will not be able to reach their capital goals until way after Trump leaves office. They stated that fnf can only have a chance to be privatized if they are adequately capitalized. That wont happen until after Biden and the dems take over potus and capitol hill. That is why we are tanking imo.
I am willing to bet Wu tang is a top 10 filer hitting the dockets in 2020. Between him and Waske, probably top 3? Lol
In order to meet the capital requirements, we must do two things and they are A. Get rid of the NWS and return back to 10% dividends or B. Treasury allow us to retain the required amount.