Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Welcome aboard AZ
Answering your question on Coop's BB about Ct's OS:
16M shares LHHMQ
12M shares LEHLQ
12M Shares LEHKQ
8 M shares LEHNQ
List of Plan Class 10B claims: (totaling about $10,330,320,000.
Claim 21805, $314,207,500, CUSIP 52519Y209 - LEHKQ
Claim 22122, $311,742,900, CUSIP 52520B206 - LEHLQ
Claim 22123, $416,013,700, CUSIP 52520E200 - LHHMQ
Claim 67753, $234,250,500, CUSIP 52520X208 - LEHNQ
Claim 21797, $1,264,375,000, CUSIP 524908UB4
Claim 21801, $766,500,000, CUSIP 524908WH9
Claim 21800, $1,933,352,700, CUSIP 524908R36
Claim 21799, $1,516,614,600, CUSIP 524908R44
Claim 21802, $1,521,656,300, CUSIP 5249087M6
Claim 21798, $2,051,666,700, CUSIP 5249087N4
I’m looking for $25-30, This a NO 500% profit securities. Patience is the name of this game, few opportunities in the market would allow you to bank 50’000%+ profit in 10 years..;)
GLTA
Lehman Creditors Urge Top UK Court To Overturn Tax Bill
The administrators of Lehman Brothers' European trading arm took their fight over a potential tax bill running to the billions to the U.K.'s highest court Tuesday, clashing with HM Revenue and Customs over whether its liability for statutory interest should be considered short- or long-term.
https://www.law360.com/bankruptcy/articles/1128196/lehman-creditors-urge-top-uk-court-to-overturn-tax-bill?nl_pk=2b7ce567-0d2c-48a3-af53-dba92dca60f3&utm_source=newsletter&utm_medium=email&utm_campaign=bankruptcy
A trust-preferred security is a security possessing characteristics of both equity and debt. A company creates trust-preferred securities by creating a trust, issuing debt to it, and then having it issue preferred stock to investors. Trust-preferred securities are generally issued by bank holding companies. The preferred stock securities issued by the trust are what are referred to as trust-preferred securities.
The security is a hybrid security with characteristics of both subordinated debt and preferred stock in that it is generally very long term (30 years or more), allows early redemption by the issuer, makes periodic fixed or variable interest payments, and matures at face value. In addition, trust preferred securities issued by bank holding companies will usually allow the deferral of interest payments for up to 5 years.
The principal advantages of these hybrid characteristics are favorable tax, accounting, and credit treatment. Trust preferred securities have an additional advantage over other types of hybrid securities (such as similar types of debt issued directly to investors without the intervening trust), which is that if they are issued by a bank holding company, they will be treated as capital (equity/own funds) rather than as debt for regulatory purposes. This is why trust preferred securities are issued overwhelmingly by bank holding companies,
I own around 150K shares M's ,plus 100K L's,
Looking at My account today and seeing it up $72K
Amazing feeling, even for an hour or so, lol..
Anyone investing here is smart.
Now, show me the money please?
You have an opportunity to grab 4.35mils cheap shares at 0.0001
Place your buy order, if you want to accumulate more shares as you said. I want out after Scorpio passed away ( RIP).
Make sure you place an All on None (AON) order at same Qty of 4.35 mil shares otherwise they won't give it all to you.
GLTY
Trading ...again!
I have an order to sell 4.350 Mil shares @0.0001 All on None if you want to accumulate more shares.
Correct, Around that No.
Just few Billions and couple of hundred millions less..
RS?? For CT’s??
LOL!!
I bet you don’t even know the OS for each!
LAMO!!
Thank You Sir.
Order changed to GTC, 4K @ 0.101.
GLTA
It's been a long ride, and I can't believe I'm 10Yrs older lol.
You guys deserve all the best.Good luck.
Bidding to buy AON 4K shares L's at 0.10, anyone?
I almost did the same thing.
I sold 5000 shares P's, and bought around 60K shares LHMMQ.
Hope it was a smart move since I own now a bit more than 200K shares of LHMMQ and LEHLQ only.
GLTA
understood sir
Thank you.
Same applies to LHMM, (13.925Mil Shares out of 16Mil outstanding)
Are these institutions still Holding??
Underwriters........... Number of Preferred Securities
Lehman Brothers Inc. 1,592,000
A.G. Edwards & Sons, Inc. 1,580,000
Citigroup Global Markets Inc. 1,580,000
Merrill Lynch, Pierce, Fenner & Smith
Incorporated 1,580,000
Morgan Stanley & Co. Incorporated 1,580,000
UBS Securities LLC 1,580,000
Wachovia Capital Markets, LLC 1,580,000
ABN AMRO Incorporated 320,000
Banc of America Securities LLC 320,000
Fidelity Capital Markets, a division of National Financial Services LLC 320,000
J.P. Morgan Securities Inc. 320,000
Bear, Stearns & Co. Inc. 120,000
BNP Paribas Securities Corp. 120,000
Charles Schwab & Co., Inc. 120,000
Deutsche Bank Securities Inc. 120,000
Goldman, Sachs & Co. 120,000
HSBC Securities (USA) Inc. 120,000
Janney Montgomery Scott LLC 120,000
J.J.B. Hilliard, W.L. Lyons, Inc. 120,000
Legg Mason Wood Walker Incorporated 120,000
Oppenheimer & Co. Inc. 120,000
Raymond James 120,000
RBC Dain Rauscher Inc. 120,000
Stifel, Nicolaus & Company, Incorporated 120,000
SunTrust Capital Markets, Inc. 120,000
U.S. Bancorp Piper Jaffray Inc. 120,000
Wells Fargo Securities, LLC 120,000
Major underwriters for K's series ( 8.3Mil shares out of 12Mil)
Did All of them bail out, or still holding??
Underwriter..................Number of Preferred Securities
Lehman Brothers Inc. 1,300,000
Citigroup Global Markets Inc. 1,280,000
A.G. Edwards & Sons, Inc. 1,280,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated 1,280,000
Morgan Stanley & Co. Incorporated 1,280,000
UBS Securities LLC 1,280,000
Wachovia Capital Markets, LLC 1,280,000
Banc of America Securities LLC 300,000
Fidelity Capital Markets, a division of National Financial Services LLC 300,000
J.P. Morgan Securities Inc. 300,000
https://www.sec.gov/Archives/edgar/data/1083328/000104746903033240/a2119989z424b2.htm
page S21
in Docket#1 (( Lehman Brothers Holdings Inc. (Chapter 11) - Docket 1: Voluntary Petition for Lehman Brothers Holding Inc) , LBHI listed:
- 30 largest Unsecured Claims (Excluding Insiders)
- Total assets $ 639 billion, Total debts $ 613 billion
- List of Debtors
- Number of shares of common stock 694,401,926 (outstanding)
- List the names of any person who directly or indirectly owns, controls, or holds, with power to vote, 5% or more of the voting securities of Debtor:
Beneficial Owner........ Percentage of Outstanding Common Stock
(1) AXA and related parties............................ 7.25%
(2) ClearBridge Advisors, LLC and related parties...... 6.33%
(3) FMR LLC and related parties ........................5.87%
- Number of shares of preferred stock
1) 5.94% Cumulative Preferred Stock, Series C: up to 5.0 million
2) 5.67% Cumulative Preferred Stock, Series D: up to 4.0 million
3) 6.50% Cumulative Preferred Stock, Series F: up to 12.0 million
4) Floating Rate Convertible Preferred Stock, Series G: up to 5.2 million
5) 7.95% Non-Convertible Perpetual Preferred Stock, Series J: up to 66.0 million
6) 6.375% Preferred Securities, Series K: up to 12.0 million
7) 6.375% Preferred Securities, Series L: up to 12.0 million
8) 6.00% Preferred Securities, Series M: up to 16 million
9) 6.24% Preferred Securities, Series N: up to 8 million
10) 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series P: up to 4.0 million
11) 8.75% Non-Cumulative Mandatory Convertible Preferred Stock, Series Q: up to 2.0 million
http://document.epiq11.com/document/getdocumentbycode/?docId=1093038&projectCode=LBH&source=DM
Great post. Thank You.
Lehman Judge Approves Deutsche Bank Claim Payout Plan
A New York bankruptcy judge on Monday approved a payout process for holders of general unsecured claims against Lehman Brothers Inc. that will allow the holders to sell their remaining interests to Deutsche Bank AG as the defunct brokerage nears the end of its Chapter 11 wind-down.
In addition to approving a $170 million distribution of funds to general unsecured creditors of Lehman’s brokerage unit, U.S. Bankruptcy Judge Shelley C. Chapman authorized the estate trustee to give claim holders the option of cashing out now instead.
https://www.law360.com/bankruptcy/articles/1057102/lehman-judge-approves-deutsche-bank-claim-payout-plan?nl_pk=2b7ce567-0d2c-48a3-af53-dba92dca60f3&utm_source=newsletter&utm_medium=email&utm_campaign=bankruptcy&read_more=1
I’ll get $6.125 Mil
Not bad after a investing here for a decade lol
GLTS
If the deal was off, then Hightech-one has nothing to do with us SSTY.
In Sep 2015, HiTech One Transformed into a joint stock company with a share capital of 522,000€. Registered office in Occitanie (31). Personnal contribution of 500,000€ from the 2 creators (jean-Gilles SUBERVIE and Philippe SUBERVIE). per donation and transfer of their patent proprietary rights to the company.
I recall that Jean-Gilles was trying to use SSTY as shell, but nothing happened as far as I know.
Appreciate if anyone has updated info
My first buy was 300k , Jan 2005
@ 0.0103
After 13 years, my account showing 9 mil shares, @0.0015 cost
Nope, but I was following.
Still own TPID shares fwiw
“ I think we are the only ones here that long”
——-//
Count me in.
If it was me, first thing I would do is to open a new account with another brokerage firm and buy my shares back even for higher prices , while following up with TD and complaining to FNRA..
Good luck
Laws and Rules that Prohibit Unauthorized Trading:
The Financial Industry Regulatory Authority (FINRA) is the self-regulating body that promulgates and adopts rules its members must follow. NASD Rule 2510, which is incorporated into the FINRA Manual, specifically prohibits brokers or investment advisers from executing discretionary trades unless the client has given express, written permission to the professional. Furthermore, FINRA Rule 4512 imposes on brokers several record-keeping requirements, one of which is to keep a list of people who have authority to make discretionary trades for the account.
Unauthorized trading has also been interpreted to violate FINRA Rule 2020, which prohibits the use of manipulative, fraudulent, or deceptive practices, and Rule 2010, which requires its member to observe “high standards of commercial honor” and fair trade principles.
Unauthorized trading may be considered securities fraud under federal law. SEC Rule 10b-5, codified at 17 C.F.R. § 240.10b-5, prohibits engaging in fraudulent schemes, misrepresentations or omissions, and deceitful practices in connection with the sale or purchase of a security. Some courts have held that there must be an accompanying misrepresentation or omission along with the unauthorized trading to satisfy the requirements of a 10b-5 claim, however. Private actions brought pursuant to Rule 10b-5 also require proof of investor reliance, which may be difficult to prove in cases of unauthorized trading.
Unauthorized trading may create liability under several other causes of action. Investors may have claims for malpractice or negligence. Investment advisers may be liable for a breach of fiduciary duty, and brokers who engage in unauthorized trading may have breached their duty of suitability. Unauthorized trading may also constitute a breach of contract. Finally, many state laws also prohibit unauthorized trading.
Lehman Brothers Holdings is not required to pay you under the guarantee and the junior subordinated debt securities unless it first makes other required payments.
Lehman Brothers Holdings' obligations under the junior subordinated debt securities will rank junior to all of Lehman Brothers Holdings' senior debt. This means that Lehman Brothers Holdings cannot make any payments on the junior subordinated debt securities if it defaults on a payment of senior debt and does not cure the default within the applicable grace period or if the senior debt becomes immediately due because of a default and has not yet been paid in full. In addition, Lehman Brothers Holdings' obligations under the junior subordinated debt securities will be effectively subordinated to all existing and future liabilities of Lehman Brothers Holdings' subsidiaries.
Lehman Brothers Holdings' obligations under the guarantee are subordinated to all of its other liabilities. This means that Lehman Brothers Holdings cannot make any payments on the guarantee if it defaults on a payment on any of its other liabilities. In addition, in the event of the bankruptcy, liquidation or dissolution of Lehman Brothers Holdings, its assets would be available to pay obligations under the guarantee only after Lehman Brothers Holdings made all payments on its other liabilities.
Neither the preferred securities, the junior subordinated debt securities nor the guarantee limit the ability of Lehman Brothers Holdings and its subsidiaries to incur additional indebtedness, including indebtedness that ranks senior in priority of payment to the junior subordinated debt securities and the guarantee.
Lehman Brothers Holdings is not required to pay you under the guarantee if the trust does not have cash available.
The ability of the trust to make payments on the preferred securities is solely dependent upon Lehman Brothers Holdings making the related payments on the junior subordinated debt securities when due.
If Lehman Brothers Holdings defaults on its obligations to make payments on the junior subordinated debt securities, the trust will not have sufficient funds to make payments on the preferred securities. In those circumstances, you will not be able to rely upon the guarantee for payment of these amounts.
Alive & Trading..eom