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Whatever happen to those lawsuits?
😆😆😆
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This was even what I had told you mellowbird.
So not only do I have links and a non bias third party intellegience confirming what I said, what’s your source?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171057130
ALOT OF SHILLS THAT WERE ON THIS BOARD
>>In Delaware, dissolution is synonymous with termination.
you you were wrong
Chatgpt even confirmed exactly what I said.
Chat:
In Delaware corporate law, is dissolution synonymous with termination?
ChatGPT
Me: In Delaware corporate law, the terms "dissolution" and "termination" are related but not synonymous.
OpenAI: Dissolution refers to the beginning of the process of ending a corporation's existence. It is the formal decision to cease operations and start the process of winding up. This decision can be made by the directors, the shareholders, or by judicial decree.
Termination, on the other hand, is a step in the process following dissolution. It typically refers to the end of the legal existence of the corporation after all the necessary steps of winding up have been completed. This includes settling debts, liquidating assets, distributing remaining assets to shareholders, and filing the necessary documents with the state.
So, while dissolution is the initiation of the process, termination is the conclusion of it.
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I learned from patent law, the may word is always use in every patent document to leave the concept open ended.
In most cases, when the may word is written, it means that is the persons intentions, but it is open ended on the off chance it does occur.
Example: say you patented a steering wheel. In the detailed description, you’d say “the steering wheel may come equipped with air bags.” The goal is to make the document rich in details. The may word is used so even if a infringet used a steering wheel with or without an airbag, the may language covered it.
The may word is also used because it can be interpreted in another matter. For example, it can be used as instruction language. For instance, may could not only mean the POSSIBILITY of a steering wheel coming equipped with airbags, but it could quite literally be interpreted as instructions for designing the airbag (indirectly instructing)
The may word is typical legalese language to enrich the document. all lawyers use it. If a legal document didn’t use the may word, it would show sloppy poor writing. The point isn’t for it to be a requirement, the fact is it’s a possibility, which is quite literally what makes it an investment.
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I wonder if once all payments to senior creditors are made (classes 3-9B) and they are deemed to be paid in full and final satisfaction, can classes 10A-11 receive the j shares and LBHI then discharges the the remaining debt of class 3-9B, and LBHI has no debt, and equity capital equal to the amount of debt owed in classes 10A-11 (which is about $15b? Not sure haven’t looked at it in a while) and can then perform some sort of spinoff or merger.
>>ECAPS123 Holders'.
Irrelevant, 1-3 has a lbh plc guarantee which is entirely seperate from ECAPS 4-5 LBHI guarantee.
All ECAPS 1-5 have a right to stock distributions, however, 1-3 got paid cash because they have a different guarantee
Yes sir!
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I believe they will only be allowed to distribute these shares to the plan trust once all cash distributions have been made.
LBHI was supposed to issue these unissued j shares to all ECAPS 1-5 as per their prospectus Ecap holders even wrote LBHI for these shares several times during the early stages of the BK but LBHI did not oblige. ECAPS 4-5 are guaranteed by LBHI and are in class 10A and are in parity with us the CT’s. Therefore, since there most likely will be no cash distribution to ECAPS 4-5 or to the CT’s, the ECAPS 4-5 still have the right to their unissued j shares as per their prospectus. Since the ECAPS 4-5 are in parity with the CT’s, the CT’s by law have to also receive the unissued j shares ECAPS 4-5 are entitled to get. I believe LBHI had this planned starting out which is why they put ECAPS 4-5 in class 10A since they are the ones by law who are entitled to the j shares wherein we aren’t. So by law since ecaps 4-5 have to get the shares by law it would make sense for us to rank directly below them (class 10b) since we are on parity with them anyways.
As per the CT’s prospectus:
on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and
The case text article said “over 17 million left” therefore for realistic theories, we are just stamping it at 17 million @ $2500 each
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Would it be 17m x $25 = $425,000,000
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Maybe in Billion of existing J in the obs??
So the unsold J is approximately 43B of face values??
Over 17 million
Just recently had a shitty experience with one, atleast I got all my money back though
When you have a good honest lawyer, stick with them. A lot of them prey on the other persons lack of knowledge
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Loser buys a double double
>>and my smallest is LHHMQ because I deemed these the least significant
I told you the double H’s were my favorite ones! ;)
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Where are they buying these?
What about their unissued motherload of J's?
If those are sitting part of NOLs and not in OBS...then one day they MUST be re-unified. Prospectus states they cannot be cancelled nor replaced. They tried to replace too at one time if I recall...
You are a programmer?
😂😂😂
That paperwork always gets em!
LBHI themselves literally made a statement saying they won’t finish their distributions until all lawsuits are finished
How am I speculating a statement they made?
They will never announce final distribution unless all lawsuits are finished
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For now, nothing to expect until 2024.
Roger that! 😂
That was ECAPS 1-3 that won, not 4-5
What you mean