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IronMan,
During Ole days, Lehman Securitizing Loans In Separate Trust
“Shelves”: SARM, SASC, SAIL, LXS and LMT...
Lehman used the “Lehman XS Trust” (“LXS”) shelf for the securitization of Alt-A, Alt-B and negative amortization loans.
Very ineresting read:
http://www.lehmanmbssettlement.com/Portals/0/Documents/LBMBS%20-%20Amended%20Complaint.pdf
http://dm.epiq11.com/LBH/document/GetDocument.aspx?DocumentId=2284736
Class 10B Subordinated Class 10B Claims:
(2) Distributions reallocated in accordance with Section 6.4 of the Plan
Section 6.4:
6.4 Redistribution of Subordinated Claims Recoveries. To give effect to agreements
of holders of Subordinated Claims, all Distributions under the Plan made by LBHI shall be
calculated as if each holder of an Allowed Claim in LBHI Class 10A, LBHI Class 10B and LBHI
Class 10C were to receive its Pro Rata Share of Available Cash from LBHI, and, in the case of
each holder of an Allowed Claim in LBHI Class 10A and LBHI Class 10B, its Pro Rata Share of
the Subordinated Class 10C Distribution; provided, however, that:
(a) the Subordinated Class 10A Distribution shall be automatically distributed
to holders of Allowed Claims in LBHI Class 3 and LBHI Class 4A pursuant to Sections 4.3(b)
and 4.4(b) of the Plan, respectively, until all such Claims are satisfied in full;
(b) the Subordinated Class 10B Distribution shall be automatically distributed
to holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B and LBHI Class
5 pursuant to Sections 4.3(b), 4.4(b), 4.5(b) and 4.6(b) of the Plan, respectively, until all such
Claims are satisfied in full;
(c) the Subordinated Class 10C Distribution shall be automatically distributed
to holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B, LBHI Class 5,
LBHI Class 10A and LBHI Class 10B pursuant to Sections 4.3(b), 4.4(b), 4.5(b), 4.6(b), 4.13(b)
and 4.14(b) of the Plan, respectively, until all such Claims are satisfied in full; provided,
however, that any portion of the Subordinated Class 10C Distribution payable to holders of
Allowed Claims in LBHI Class 10A shall be automatically distributed to holders of Allowed
Claims in LBHI Class 3 and LBHI Class 4A pursuant to Section 6.4(a) of the Plan until all such
Claims are satisfied in full; provided, further, that any portion of the Subordinated Class 10C
Distribution payable to holders of Allowed Claims in LBHI Class 10B shall be automatically
distributed to holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B, and
LBHI Class 5 pursuant to Section 6.4(b) of the Plan until all such Claims are satisfied in full.
http://www.bancaprofilo.it/~/media/Files/B/Banca-Profilo/trasparenza/lehman-third-amended-plan.pdf
Anyone flipping for 5-10 cents profit hoping to buy lower,
Did you think that it may be HALTED to open few days/weeks later @ $25??
Think TWICE...:)
"inesdefilia" said he did short CT's!!!
Now, wish him/her luck trying to cover!
Enough Said..
On May 15th, Post # 23803 "inesdefilia" said:
No $5 PS here,either FV, or Zero.
I've placed my bet on $25 PS, Place yours & act accordingly.
JMHO
Thanks Cotton.Just sent mine.eom
Thanks mik, fair enough
Frankly,I started to get nervous and confused.
I feel much better now holding ton of Ct's.
V. LOW FLOATER....EMJI NEWS OUT
EMJID Emaji Inc. becomes EMJI Emaji Inc. 6/18/2013
Share Structure
Market Value1 $24,857 a/o Jun 14, 2013
Shares Outstanding 4,971,414 a/o Jan 17, 2013
Float 948,674 a/o Jan 17, 2013
EMJI News Today, MOMO's time
EMJID Emaji Inc. becomes EMJI Emaji Inc. 6/18/2013
Share Structure
Market Value1 $24,857 a/o Jun 14, 2013
Shares Outstanding 4,971,414 a/o Jan 17, 2013
Float 948,674 a/o Jan 17, 2013
I cancelled My GTC sell orders @ $22 & 23 ;)
This board is the best.
I don't know if i did the right thing last year; I sold my 3000 shares P's for $.50, and replaced it with 30K shares LHHMQ.
GLTA
6Mil shares traded today. eom
LHHMQ just Printed $0.28!!!
YES!!!
LHHMQ @ 0.243!!!!
Do it!...its there.
AON, 9mil shares @ $0.0008
Tender Offer...
I still think we'll get above.
I've just placed an order to Sell 9mil shares
AON, at 0.0008
Its your chance to speed up your accumulation process.
Your Call.
GLTA
Redemption of Ct's is Ok by me too...
"Its an option at par after five years from the date of issuance subject to so-called “capital replacement covenants,"
Redemption / Tender Offer???
http://www.skadden.com/insights/capital-markets
http://www.jdsupra.com/legalnews/court-banks-redemption-of-trust-prefer-31098/
THANK YOU guys....All of you, for the hard work & DD
THANK YOU!
SECURITY DESCRIPTION: Lehman Brothers Holdings Capital Trust VI, 6.24% Preferred Securities, Series N, liquidation amount $25 per share, guaranteed by Lehman Brothers Holdings Inc. (NYSE: LEH) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 1/18/2010 at $25 per share plus accrued and unpaid dividends, maturing 1/18/2054, distributions of 6.24% ($1.56) per annum are paid quarterly on 1/18, 4/18, 7/18 & 10/18 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 6.24% Subordinated Deferrable Interest Debentures due 1/18/2054 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
---------------------------------
As Per Marketwatch, Ex dividend date was 7/15/08?????....
we have till 7/18/2013 ??
Form S-1 Filed on Sep 24
http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=8441248
"Approximate date of commencement of proposed sale to the public:
As soon as practicable after the effective date of this registration statement.
ASN has filed with SEC to go puplic on Aug 10
http://www.hoovers.com/ipo-central/ipo-filings/100004162-1.html?q=32012
CIK 0001555218
More info :
http://www.nasdaq.com/markets/ipos/company/archstone-inc-887510-70508?tab=financials
As a Non US residence, I just called Epiq @ 150335977691
I told them I own ONLT CT's, and the reply was:
You need to fill W8 form & OFAC clarification and mail it to them ASAP.
Frankly, the lady I talked to didn't seem to know the difference between CT's, Preferred & Common shares.
I told her I don't have a claim no., she said they'll send me one!!
FWIW...
NON US RESIDENCE HERE, I'd appreciate your help
I own LHHMQ, LEHLQ
Can someone PLEASE confirm if I need to fill ANY FORM?
A link to that form if any...
I Didn't get anything by mail or from my broker...
PLEASEEEEE...
FWIW...I'm bidding LHHMQ @ 0.105
Got 1160 shares today at 0.05, 4600 shares Yesterday/Day before at 0.05 & 0.08.
Agree...I'm bidding 0.09/0.10 and GOT NOTHING!
I own around 100K shares (LHHMQ, LEHLQ)..
What do you think selling price should be?
What IF "they" are offering $3, 5, 7, 10/Share? :)
TIA
Mil Thanks, Sir.
And to you too, Rainbow!
NON US HOLDER needs your help, please...
I've got the offer today, and need to check one of the following boxes:
(ELE) - OPT OUT,
(ELE2) - VOTE TO ACCEPT THE PLAN AND ELECT TO OPT OUT,
(ELE3) - VOTE TO REJECT THE PLAN AND ELECT TO OPT OUT,
(ELE4) - VOTE TO ACCEPT THE PLAN ONLY,
(ELE5) - VOTE TO REJECT THE PLAN ONLY
Please help which one to check to get a distribution.
Much appreciated...
$0.0015?????