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Does the list include Lehman?
Because of them, I could do it. I regret to sell it at early stage. I should wait till now @0.60/share.
Yes, that's exactly what I did. You know right now my average is negative (=gain a slight profit). No more selling and buying, wating and seeing.
You;ve already translated in Chinese = I don't know.
5B+ went to jpm from BOLI/COLI. That's the 4HFs intentionally gave away of WAMU' assets in order to take over Wamu2. Unfortunately, stupid Judge ignored it.
I thought the higher the number of the class, the lower the waterfall. Why should CTs move down to class 12?
Not true. 7B went to unsecured bonds of wamu and part of CTs. Wamu has money but Lehman needs to compromise 300B debts.
JPM returned 4B (wamu's deposit) to wamu. Remember, Judge said that is a big contribution from JPM to wamu. such a joke.
I made money on Cit bond but lost completely on preferreds. Cit was doing it on purposes. Now, Cit's pps is around $49.50. Remember, we were told that the market price was too low to re-state preferreds. Also, Cit refused to return $1B borrowed from gov. Cit is a bad bad examples for all American.
Tai-Hsing means your wishes become true. GLTU
Dilution is better than wipe-out.
buy back @ sub-pennies. Hoping either Icahn or Buffett would buy entire company before the final announcement. LOL
go to Tai-Hsing
Just sold mine @0.0997. Take a lot of loss.
Do you remember once a time CTs were frozen just like others. A short later debtors put them back on market. Weird.
You are not alone. If you like to visit wahuq board #2682, Mr. M answered all our questions here. I think he works in a BK law firm and has a lot of experience in BK cases. He also bought those BK stocks/bonds.
Marayatano answered my questions regarding Lehman CTs. It seems very logical, the similar like you said. MM's is playing the uplist.
Appreciate your comments, thanks. His answer is in Wahuq board #2682.
Yes, I'm really appreciated your comments. Thank you very very much.
The CTs, preferreds, and commons were the same after your choices. Then, if you selected CTs as payment in cash, then your share went to LT. Selecting shares, then you got new shares from WAMU2. Or you coluld select both.
CT's face value is $50.00.
Before Judge caught the inside trading, 4HF only requested to have $34.75 including the interest. The reason is that 4 HFs could take over WAMU2 by claiming the payment is not full and wiped out preferreds and commons.
Then, Judge determined the value of CTs is around $10.00. All the interest for CTs going to senior as to make up the difference between the judgement rate and committed rate.
Could the creditors request to be part of Lehman2 so as to compensate their loss? In other words, everybody (all classes including common) has a piece of the pie.
There is only one concern left here is "Ch 11 liquidation vs Ch 11 reorganization". Which one do you believe?
I only have FNMAS & FMCKJ. I could not find the callable date with ML. Is it a good sign or not?
I am not saying CTs are going to be wiped out. Since day 1, I always say CTs would get new shares from L2 if CTs could not be paid in full.
Really, I want to know too. I did not pick up that message. LOL
Very simple. Regardless anyone points guaranteed by a third party or who. The BK is BK. BK's rule supersedes all other rules. Mik1's states clearly about BK rules.
Probably Lehman just like Kmart with a lot of hidden assets. CTs, if not being paid, would take a lot of in % of new shares of L2.
I pretty agreed to your points in this CT legal aspects. However, we are not welcomed here. In any rate, like you, I'm NOT buying nor selling as pumpers here. We'll wait and see.
Thank you very much and appreciate your contribution.
GLTU all the times.
Sam, All:
Thanks for the comments
Wow, hope that's true.
Do you know why suddenly pp breaks out even under the deficits? I thought creditors could take entire company due toDIP.
Thanks
I'm long, and wait till end of the game regardless.
I took some profit because of lowing down my average.
I was heavily burned in WAMU.
If you look the outcome of Wahuq (Wamu's CT), probably Leh CTs will end up the same destiny. Without money for Lehman2, the best outcome, IMHO, is the new shares of Lehman2.
Finally, we got an answer from BNY Mellon. She is the trustee as you're always correct per Lehnq post#30212.
So true, and learn a lot, and suffer a lot materially and mentally.
Do forget to include that Lady in a Black Robe.
Hope we're all right here.
GLTA
Exactly, the volume among 4 CTs would go to 1 million shares.
Besides LHHMQ, I paid almost the same as you for other 3 CTs. I even paid more for NQ because it's hard to get it.
You brought me back to old time memory, thanks. I remembered that I only got 200 shares but paid a transaction fee about $7.50. Hopefully, now it's worth.
GLTU