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Thanks for the clarification. I'll have to look through past notifications in my message box on TDAmeritrade to see if they actually did anything along those lines and sent me a memo on it.
What is that CUSIP, if you don't mind telling me? Then, I could check my own Ameritrade account to see if I've still got mine. I looked earlier today but couldn't locate them.
Thanks.
Where? Where?
ADDRESS
2/F Hang Wei Building North Hi-Tech Park Shenzhen, 518000 China
Peter Voss
Chief Executive Officer, Gncc Capital Inc
CURRENT POSITION
Chief Executive Officer, Gncc Capital Inc
TENURE AT CURRENT POSITION
8/2014-PRESENT
NAME/COMPANY
Nicolaas Edward Blom "Ted"
GNCC Capital Inc
Guys & Gals, what in the holy he!! is this? Since when are we a Chinese telecommunications company? If it's a different GNCP, then it must be a different Ted Blom who's its CEO.
On Bloomberg:
GNCC Capital, Inc., through a subsidiary in China, manufactures telecommunications devices including digital televisions and parts, personal handy phone systems (PHS), and accessories.
You were one of my main men, too - one of the champions whose arguments convinced me to stick with this. If you're ever in Berlin, send me a PM, and I'll invite you for lunch or a coffee.
Jersey, if you need our signatures on anything, you can count on mine. Just let me know.
Jersey, I'm still here, still lurking - every day! Haven't sold a single share. I read virtually every post. I don't write anything, because I'm way out of my depth. I would like to know what happened to Troy, HesTheMan and the Devil. I don't read the other board any more because I lost my sign-on info.
And thanks for your service, from me, too. I used to babysit a boy and his sister long ago. He fell in Afghanistan.
20 cents' worth of shares is high volume? I appreciate your sarcasm, sir.
I hear you and can certainly relate. Thanks for the link, I'll definitely give it a read-through.
This time, the Kansas election was exciting for once. Usually, it's a foregone conclusion.
I voted by absentee ballot from Germany. From my local election office, I got a graphic back of the classic "I voted" sticker with the words "from Germany" added. :)
Sorry, the formatting is screwed up. Not going to be easy to read.
III. Balance Sheets
LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Debtor-Controlled Entities
Balance Sheets As of April 5, 2018
(Unaudited)
($ in millions)
Lehman
Brothers
Holdings
Inc.
08-13555
Lehman
Brothers
Special
Financing
Inc.
08-13888 Lehman
Brothers
Commodity
Services
Inc.
08-13885 Lehman
Brothers
Commercial
Corporation
08-13901 Lehman
Brothers
OTC
Derivatives
Inc.
08-13893 Lehman
Brothers
Financial
Products
Inc.
08-13902 Lehman
Brothers
Derivative
Products
Inc.
08-13899 Lehman
Commercial
Paper Inc.
08-13900 Luxembourg
Residential
Properties
Loan
Finance
S.a.r.l.
09-10108 Other
Debtors
(2) Total
Debtor
Entities
(1) Total
Debtor-
Controlled
Entities
(3) Total
Company
Assets
Assets
Cash and short-term investments
$ 31 $ 14 $ 4 $ 1 $ 0 $ 0 $ 0 $ 4 $ — $ 10 $ 64 $ 95 $ 159
Cash and short-term investments pledged or restricted
402 424 72 36 1 0 0 16 — 6 957 32 989
Financial instruments and other inventory positions:
Commercial Real Estate
(0 ) 0 — — — — — 48 — — 48 12 59
Residential Real Estate and Other
11 — — — — — — 15 — — 26 0 26
Principal investments
3 — — — — — — 0 — — 3 85 88
Derivative Receivables and Related Assets
— 67 — — — — — — — — 67 0 67
Total Financial instruments and other inventory positions
13 67 — — — — — 63 — — 144 97 241
Receivables from Debtors and Debtor-Controlled Entities and other assets
375 9 (0 ) 42 0 — — 0 — 4 430 92 522
Investments in Affiliates:
—
Controlled Entities
(26,953 ) (6 ) — — — — — (49 ) — 136 (26,872 ) (18,889 ) (45,761 )
Non-Controlled Affiliates
78 — — — — — — — — — 78 — 78
Due from Affiliates:
Debtors and Debtor- Controlled Entities
19,555 362 — — — — — 6,720 — — 26,637 0 26,637
Non-Controlled Affiliates
17,198 679 102 147 — — — 134 — — 18,260 1,246 19,506
Total Due from Affiliates
36,753 1,041 102 147 — — — 6,854 — — 44,897 1,246 46,142
Total Assets
$ 10,700 $ 1,549 $ 178 $ 226 $ 1 $ 0 $ 0 $ 6,888 $ — $ 155 $ 19,698 $ (17,326 ) $ 2,372
Liabilities and Stockholders’ Equity Liabilities
Payables to Debtors and Debtor-Controlled Entities and other liabilities
$ 103 $ 14 $ 1 $ 1 $ 0 $ 0 $ 0 $ 55 $ — $ 8 $ 183 $ 86 $ 269
Due to Affiliates:
Debtor-Controlled Entities
$ 0 — — — — — — — — — 0 9,642 9,642
Non-Controlled Affiliates
— — — — — — — — — — — 28 28
Total Due to Affiliates
0 — — — — — — — — — 0 9,669 9,669
Taxes Payable
132 — 3 0 — — 0 5 — — 140 2 142
Liabilities Subject to Compromise
139,385 22,856 180 1 (0 ) — — 4,495 — 58 166,975 0 166,975
Total Liabilities
139,620 22,870 184 3 0 0 0 4,554 — 66 167,297 9,757 177,055
Stockholders’ Equity
(128,921 ) (21,321 ) (6 ) 223 1 0 0 2,334 — 90 (147,599 ) (27,084 ) (174,683 )
Total Liabilities and Stockholders’ Equity
$ 10,700 $ 1,549 $ 178 $ 226 $ 1 $ 0 $ 0 $ 6,888 $ — $ 155 $ 19,698 $ (17,326 ) $ 2,372
See accompanying Notes to Balance Sheets
The feds convicted the company owner (the Boca Raton gang) of stock fraud in 2014, I believe it was, and the stock's been dead ever since. Yet Coblin doesn't delist it.
The fact that it had so many 9s must indicate something. Wish I knew what. It may be a partial share buy-back, so Coblin doesn't have to pay higher fees to maintain an essentially dead stock.
What's your interest in this stock, if I might ask?
Maybe it's a way to get around the non-discharge clause. CTs can't be discharged, but stock can be cancelled. Not good.
So we've got at least 2 CT investors in Berlin! We ought to meet up sometime. I'm just north of the ring. (OT, but it won't be, if we discuss LBHI.)
Yesterday, you projected the PPS hitting .002. Are you changing that opinion now, or have I read you wrong?
Did you set that target based on PPS movement WITH or WITHOUT the buy-back? Thanks in advance.
Well then, do you have any PPS development projections?
To everyone here: a happy, healthy and PROSPEROUS New Year!
There was this (I'll translate it below) on November 16th:
Neun Jahre nach der Lehman-Pleite ist das Insolvenzverfahren über die deutsche Tochtergesellschaft so gut wie beendet. Die 750 Gläubiger der Frankfurter Lehman Brothers Bankhaus AG werden vollständig entschädigt, wie der Insolvenzverwalter Michael Frege, der Bruder von Tote-Hosen-Sänger Campino.
Das Verfahren werde voraussichtlich noch in diesem Jahr geschlossen, kündigte Frege an.
Nine years after the Lehman bust, the bankruptcy proceedings for the German subsidiary are as good as completed. The 750 creditors of Lehman Brothers Bankhaus AG in Frankfurt have been FULLY COMPENSATED (I understand this as paid in full - trans.) according to insolvency administrator Michael Frege, brother of Tote-Hosen lead singer Campino.
The proceedings are on track to be closed before year's end, Frege announced.
(The Toten Hosen are Germany's answer to the Sex Pistols, but a lot tamer and just as old.)
I know it's just pre-market and means nothing, but I've NEVER seen 45 bucks on the ask before!
They couldn't toss the CTs into the OBS as they are, because strictly speaking, they're not Lehman securities. They would have to convert them to Lehman stock before making such a move (I really hate to be raining on everyone's parade here - just want clarification).
And since the OBS is one big share, there's theoretically no limit to the number of security owners they can throw into it. It's just a matter of preserving a record of the original pro rata beneficial ownerships.
That said, I REALLY HOPE we have something coming our way - it'd save me and my family from years of financial limbo.
They only talk about "securities" without specifying. But as I understand it, our trust received unsecured debentures from LBHI. Are these the securities? If so, the new preferreds would be issued to the trust, not to us, and any proceeds from them would then go to the CTs, which are not really Lehmann securities. Is that how it works?
If they float new shares with a book value that equals "paid up value", who can say what their value would be the next seconds or minutes after trading begins. Or am I on a totally wrong track here?
Who is this case manager and just how privy is he to the case? It sounds like a boilerplate response by a minor official sticking to a script that was given to him from higher up. We've seen this before.
('Scuse the barrage of postings. I need one of those vodkas like the accordeon player was guzzling. Never been so drunk in my life as at Russian family gatherings!)
"They will not resume payments outside of the bankruptcy." Of course not! There will be no Lehman to make the payments. If they receive no distributions under the POR, all that remains is the NOL play. I sincerely doubt that the remote theoretical chance of receiving distributions is the only thing that keeps the CTs trading.
Do you mean the subordinated indentures are in the OBS? If they were, they wouldn't have a claim no., would they? And they wouldn't be appearing in dockets. The CTs themselves are obviously NOT in the OBS, because they're trading before our eyes. Besides, the CTs aren't even part of the Lehman BK.
The $64,000-dollar question (remember those?) is, will our pay-outs, of any, be gifted to higher classes yet again?
Nice to see that Rickey Gregory got SOMEBODY's attention - and that somebody agrees the issue is central to the case!
If it's "Bully for Bugs", it would be "What a gulli-bull! What a nin-cow-poop!" If it's "Frigid Hare" (1949), it would be "What a dope! What an Eskimo-Pie-head!"
I've driven past Iceland's prison a few times. It's basically a house out in the country. There are so few prisoners in Iceland, that it amounts to a group living arrangement. But they can't escape. Where would they go?
You seek the holy grrrrrrrail! (You know much that is hidden O Tim.)
If you can find his last post, you'll see he wrote something like, everything worthwhile had already been said and discussed and worked through; now all we had to do was wait it out, and he had better things to do with his time. He'd be back when the end finally came. But we have no way of knowing if he actually bailed out of his position, or what.
I sent in my OFAC and tax forms and got a reply saying it was unnecessary - that my broker was responsible for that. Next question: does your broker need them and hasn't thought to ask you?
Those classes have actually been satisfied (not PAID) in full for quite some time now, as I understand it. It's the reallocation of our payouts to the other classes that's been killing us. When or will it ever change?
Just over 15,100 on the N's alone - which jacked the PPS up 2 or 3 cents.
Oh, well, if BOTH those highly credible sources said so...
Chiming in to wish everybody - without exception - the happiest Easter! We may not have any cash, but at least we've got the company.
Jersey, you got a reply from the very same guy - the phone no. is in Manhattan after all - on September 19, 2012:
when i called EPIQ the other day to inquire about claim numbers for the CAP TRUST shares, here is the reply i just got back.
Dear XXXXXX,
I received your inquiry into our call center regarding the Certification Regarding Status form and what claim numbers you need to fill in. I tried searching in our database for any claims under your name and was unable to locate any. Did you fill out and send us a proof of claim form back in 2009? Or did you own any Common or Preferred Stock in Lehman Brothers? If so, do you have a CUSIP number you can provide us?
Regards,
Gregory
GREGORY WINTER
Business Analyst
Epiq Systems
Bankruptcy Solutions
P: (646) 282-2517
E: gwinter@epiqsystems.com
www.epiqsystems.com