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Why are there four different ones? Are they for different entities?
justthefactsman...
I've been following General Growth for while after it filed for BK...and I appreciate all your analysis on this and have a question for you.
You said you yet to see any insider purchasing the common stock after bk...most of the BK companies establish the 5% trading restrictions for their common stocks, and the main reason is to perserve the NOL. Quickly looking through the court documents it seems that GG has not filed any motion to restrict trading of its common stocks, I don't know if they choose not to because of no NOL to perserve, or they just did not get around to do it...
That's been said, is it possible the insiders are aware of this possiblity that GG could file for trading restriction (and the restriction could be retroactive once established), and that reason along discourage them to buy GG stocks?
Again your input on this is very much appreciated.
Question on interest rates....
If and when the judge rules to return the 4B to WMI, what could be the interest rates? The motion says the highest possible rates set by the court...hi it could be another Billion if the court imposes a high interest rate of something like 25%...much like the credit card companies charge for their customer for late payment...
That was already resolved...the court had ordered to remove the 179 contracts from the original Purchase Agreement...what's more significant is that lehman has since filed motion to conduct 2004 discovery on Barclays...and this motion will be heard at next court hearing, 6/24...Lehman has also filed motion to conduct 2004 discovery on JPM...and that one will be heard at 7/15 court hearing...
http://chapter11.epiqsystems.com/clientdefault.aspx?pk=de7ced2b-52e7-4172-92e1-9ec425933bd0&l=1
If the link does not work, just choose LBHI as the client...
The BK court will hear lehman's motion to conduct discovery on jpmorgan on 7/15, the next court hearing date is 6/24. I would hope that the question about JPM holding 17B case will be addressed soon...
Just bought some at 2.10...
But MMs could've written lots of put options for July, August, Septermber too...that's being said, I don't think the MMs would be able to hold the price for GM very long, even if the MMs want to...
June 19
I could not find anything on the 17B thing...I do see that the motion to conduct discovery of JP Morgan will be heard on 7/15...maybe the 17B will be addressed at that hearing as well...
Indeed, I wish I bought that 45K for 0.03...
.191 x .25 is what I got after I called my broker about this same time( I asked why the bid/ask was 0/0, and I had placed a small order ask at 0.36 just for testing)...funny how bid/ask started showing up right after people complained...
JPM stripped Lehman's online access to their accounts prior of the BK filing (JPM says they did this to protect them and see the money as colleralls, JPM is LBI's clearing house) ...Lehman is not only demanding the 17 Billion back but also sueing JPM for partically causing lehman to fail...and Lehman want discovery too...interesting...
GM (along with 10 related securities) to be delisted from NYSE before the opening on 6/2...it did not say however when the Pink starts....
http://www.nyse.com/press/1243851624885.html
Yes, the debtor(LBHI) is expected to receive over 700 million dollars in net proceeding over the approved sale of the CDS...
from yahoo board...court approves letter of agreement..
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=te&bn=10602&tid=242159&mid=242159&tof=1&frt=1#242159
Court hearing regarding this will be at 10:00 AM tomorrow...
Panel to identify cause of bank crisis...
http://www.marketwatch.com/story/panel-to-find-cause-of-bank-crisis-may-be-too-late
Panel to identify cause of bank crisis...
http://www.marketwatch.com/story/panel-to-find-cause-of-bank-crisis-may-be-too-late
What's the difference between D and C? I thought they are pretty much the same and I couldn't understand why D is at 0.17 and C is at 0.05...
What's the difference between D and C? I thought they are pretty much the same and I couldn't understand why D is at 0.17 and C is at 0.05...
Another $700 million...if this motion is approved, LBSF’s estate is expected to receive approximately $694 to $733 million in present value for net payments under the Assignment...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=d2e90f28-6f6e-48fe-9991-8cc38ca1260f
BK court sets bar date to be 8/24/09 for filing proofs of claim...If the trust doesn't file the claim for us...I think we need to file for the capital trust ourselves...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=07b321f2-012a-42c3-99f0-72fe32d6e48b
ABIGHAMMER...Question for you...If you don't believe a bit of DD...Why are you here and what are doing on the board?
I don't think this applies to any debtor holders, capital trust holder, or perferred holders...
the SIPC claims has to do customers of lehman, no different than your brokerage acount at scottrade or etrade...as for holder for the capital trust, this has to do the chapter 11 case filed at the bk court, and this is for LBHI...I could be wrong, but this is based on what I was able to find....
The SIPC link...
https://www.lbiclaim.com/Default.aspx
the employer identification number is 13-2518466 for lehman brothers inc.
The BK voluntary Petition.. http://chapter11.epiqsystems.com/ViewDocument.aspx?DocumentPk=edd16f12-c300-4f47-8126-796d96605fb6
the employer identification number is 13-3216325 for Lehman brother holding inc...
I am confused...the link you provided seems to be filing claims against securities/accounts you had with lehman as a customer(hence SIPC/SIPA)...as for capital trust, I thought any claims we have against lehman would needs to be filed with the bankrupcy court...and the deadline would been set by the BK court too...no?
Jay...I for one really appreciate all the efforts you put into this...
could 597 issue on billing page 33 be related to the tax treaty between US and Canada...just food for thought?
Hi micmacpole,
thanks a lot for posting the info, where did you see Kune 1st as the dead line for filing the proof claim? I have been trying to confirm weather or the trustee has filed the cliam for us but was not able to...have you filed individaul claims for the capital trust already?
Monthly Operating Report....Just found but has not had chance of reading it at all...feel free to post your findings...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=49f4d7c3-87a4-41d7-86a9-63de4734651d
Monthly Operating Report....Just found but has not had chance of reading it at all...feel free to post your findings...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=49f4d7c3-87a4-41d7-86a9-63de4734651d
really heavy trading volume at the end of day for the Us...don't know what to make of it...anybody?
cyp is up 50% today, is there a good chance next dividend will be paid out? Does anyone know when?
Someone at yahoo board just confirmed that this law firm represented TPG when it made the 2B investment in wmi...this is now really interesting....
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=143424&mid=143424&tof=1&frt=1#143424
Notice of Request for Authorization to Purchase, Acquire, Sell, Trade, or Otherwise Accumulate or Transfer WMI Stock on an Ongoing Basis...
This was filed today from a law firm in new york...not an insitution...but still make people go hmmmm....
http://www.kccllc.net/documents/0812229/0812229090519000000000010.pdf
You are right about usually large insitutions won't touch pinks...but wamu is anything but usual...didn't Barclays just file a request to hold more than 4.75% of all class of wamu stocks...and Barclays is a very large insitution...
Last message for me too...good evening everyone...eom...
should be half of the wahuqs, right? it's half the fact value, if all things are equal..by the way, the volume for wahuq exploded today...two blocks(about 52K each) went through back to back...
It seems that Ls is the winner for today on volumes...it's funny how the volumes jumps between the four C/Ts depending on the day...
KQs...about 50K
LQs...about 160K
MQs...about 50K
NQs...about 90K
won't mind that at all...how about $25 by end of next year? Would you hold until then?