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No matter how many more years it takes, the question for us is how much longer the stay can remain in effect. This could be a game changer: if we get back divis and/or interest - any at all - once the stay is done, the pps ought to skyrocket. If we get nothing, it may well tank.
Isn't this what we should be looking out for, not the liquidation of the remaining assets?
If you're ever in Berlin, drop me a line. We could have a beer or two - pivo ili dve, dobro pozhalovat' u nas v berlin!
Old Hogan's Heroes re-runs are actually shown on German television to this day. Just embarrassing!
So are all our divis and interest being re-allocated to higher classes, too, now? I thought our prospectuses expressly prohibited that.
In Berlin. Only been to Stuttgart once. Everything's REALLY expensive there. If you ever want to see your acquaintances explode - if the conversation starts to lag, or something - just ask them how the "Stuttgart 21" project is coming along. Be sure to maintain absolute neutrality, just sit back and watch the fireworks.
Summer's over here in Germany with record-setting heat. Sorry, but can't we steal one of your summers once every few years?
I seem to recall him saying he was back in the country, returned from Germany. I was sorry I missed my chance to meet him. But I still thank him for all the DD - he was obviously no pumper.
My grandmother was a financial wizard. She'd been so traumatized by living through the 1929 crash and Great Depression that she learned how to manage money very well. But she was very conservative. Taught me to be constantly on the lookout for shysters and con-men, taught me that the key to understanding any human relationship whatsoever was to see which way the money flows: from whom to whom. She even came back from the grave to save my mother (her daughter) $30,000 that she was in danger of losing (I mean this ABSOLUTELY seriously!)
But if she knew I was 'dabbling in the stock market', she'd skin me alive (as she used to say.) So I HAVE to make good, just to show her it IS possible!
Was this the tragedy that happened near Atlanta? The Avondale Estates? This is incredibly heartbreaking! So sorry to hear it.
No, sorry, I thought Covington was your real name. I'm from the Wall clan - Missouri branch. We intermarried with the Covingtons for centuries.
The CTs might not trade with the market, but it still looks a lot like the painter or somebody is walking them down.
Are you a Tenn. or KY Covington? OMG! We're cousins!
I got 5 million T2s last week, Thursday I think - that day, when it dipped down a notch for just a few minutes mid-day. So that's my question, too: are these AON orders?
Um... pardon, but I got filled for several million 2s today.
This is an old Irish joke I heard from my grandmother after she came back from a trip to Ireland 45 years ago. 'Cept it was a bus, not a train, and the soldier was, of course, Irish.
Back on topic: If the stay did not apply to the CTs, why didn't the trustee take the action required by the prospectus immediately after the passing of the 20th quarter?
Odd that you can't buy, considering I've had several millions of mine for sale GTC for some time now through Ameritrade. Maybe we can arrange something. Make me an offer, if you're interested.
GNCP is on OTC pinks, isn't it? I don't see how these requirements could apply to the pinks. Where would they go? Where would they hide? Argentina?
Hold on there, pardner! I sold at 1 cent under ask - 5000 Ns - last week. I could already buy back at a profit, albeit a small one.
If I weren't married, I'd being teaching in Moscow tozhe - mainly because of the unlimited supply of voluptuous blondes and redheads you get with the deal.
Can we wake you up when the stay ends?
Your leaving will pretty much kill this board. Whenever evil-doers showed up to pummel the CTs with convoluted logic and misinformation, you were always the Bat-/Super-/Spiderman who swooped in and twisted the logic back around straight and righted the wrong info and saved the debt-in-distress.
What will Gotham do without you?
(Not to diminish Cotton's enormous and just-as-life-saving contibutions!)
Thanks - spasibo! So it has nothing to do with FV or the interest rate on the stock, only with the ranking?
What exactly does "in parity with" mean? Simply the status as senior preferred? And which preferred is the most senior anyway?
I can see it coming! Here it comes! With the inevitability of a Russian veto... wait for it...! A DISCUSSION OF THE MEANING OF "ON PARITY WITH"!!!
I'll kick start it with Merriam Webster's definition:
a : equivalence of a commodity price expressed in one currency to its price expressed in another
b : equality of purchasing power established by law between different kinds of money at a given ratio
Now, was the "P" series the most senior of the preferreds?
Thanks for the reply MicMac! Sometimes, this is like playing a game of 5-dimensional chess.
Weren't the divis also reallocated to higher classes? I know this has already been thoroughly chewed through on the board, but it was a long time ago. If they DID get paid out, and they WERE reallocated, was there any record of that? I believe the conclusion was that they're being deferred and not reallocated. That would put them under the stay, and that would mean they're still LBHI's responsibility, at least for now.
Mr. Stavrou, the abbreviation is "Messrs." NOT "messer's" gawddamit!
Yes, it was. I've read it many times before.
Don't think ANYBODY owns Lehman stock any more, strictly speaking - 'cept for the trust that owns that One Big Share, of course.
Spent a week in Hong Kong in 1974. Didn't like it. Had nightmares of that airport landing for years.
Est' tozhe rabota dlya menya v moskvye?
(Is there also a job for me in Moscow?)
You're not the only one! I'm deep in debt, got seven mouths to feed, will be losing my job next month, and this is a typical evening at my place:
www.youtube.com/watch?v=f3zeedWwnao
Sorry - got the 2 mixed up. But the point is the same. RENS made its climb in the space of about an hour. It looks very much like insiders (which can be very positive for us).
A key factor is the number of trades. RENS apparently shot up 750% on just one small trade. How many were there for NMGL? It looked like just a handful.
Your figures are a bit off. The United States' population is just over 317 million, and the number of retired persons is a bit more than 40 million.
Just for the sake of accuracy.
The end of the year leaves us 1 tidbit of information: LBHI did not feel bound by Dodd Frank to begin redeeming the CTs in 2013. Why not, if they're not in the BK?
Happy & prosperous New Year to all on the board. And above all, a healthy one!
And to Hestheman and Cotton, my heartfelt thanks for all you've done for us! It does not go unnoticed or unappreciated.
I used to work in a TV newsroom, where they once had quite a struggle formulating a report that Viet Nam was having a hard time getting its inflated Dong under control.
True story!
Back on topic: only a couple more days left for Dodd-Frank to kick in, where the CTs are concerned. If nothing happens (and it looks like it won't) what does that mean? That they aren't in the BK but ARE under the court-ordered stay? That makes little sense!
So that either rules out jumping to a higher tier, or we'd have to soar INCREDIBLY high, or R/S. Blom has got to get this out of the cellar!
Lange nichts mehr von Dir gehört! Long time, no hear!
There are at least two of us Lehmanites in Krautland (where they always pronounce it "LAYmann")
I'd be interested to hear your take, as well. Are you still in the CTs?
No one ever commented on my question about the apparent contradiction between the CTs' value as linked to the debentures they're tied to, on one hand, and their intrinsic redemption value on the other. I understand that they were issued by a trust, which is the party to the debentures with Lehman, and the trust submitted a claim to the BK, but not the CTs themselves. But do the CTs have any stand-alone value?
Doesn't the OTC require a minimum pps before it'll let a stock move to a higher tier?
12 days ago, Coblin got started with this:
RYAN COBLIN, president, United States, ALEXIS JORDAN, INC. (Florida (US), 6 Dec 2013- )
Another co. by the same name in Staunton, VA, (small, out-of-the-way town), founded in 2009:
CONTACT INFORMATION
Organization
Alexis Jordan Inc
Office Location 300 Churchville Ave
Staunton, Virginia 24401-3214
United States
County
Staunton City
Off the CorporationWiki site:
Universal Delivery Solutions, Inc. filed as a Domestic Corporation in the State of Nevada and is no longer active. This corporate entity was filed approximately nine years ago on Tuesday, August 10, 2004 , according to public records filed with Nevada Secretary of State.
Key People
The Treasurer of Universal Delivery Solutions, Inc. was Ryan Coblin. . Ryan has other corporate interests including Alexis Jordan, Inc. located in Boca Raton, FL Ryan's past corporate affiliations include Aljo, Inc., Delivery Technology Solutions, Inc. and two others.
The registered agent for the company is Nevada Corporate Planners, Inc. Also known as a statutory or resident agent, the registered agent is responsible for receiving legal notifications regarding court summons, lawsuits, and other legal actions involving the corporate entity.
Somebody picked up $137 worth of shares. Coblin keeps renewing the license. Maybe he's hoping somebody'll need a shell for some other scam venture and buy him out.