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.
It’s not that they are the favorite, it’s just that ECAPS 1-3 were next in line for cash payment from LBIE. LBHI tried to exercise the prospectus contract in the ECAPS and issue them their preferred stock thus satisfying the claim and moving the leftover cash from LBIE to LBHI. It didn’t work. However, LBHI still by law has to issue ECAP holders all 1-5 their substituted preferred securities as per contract law. Ecap holders tried to exercise their rights early in the bankruptcy but Lehman declined. I believe that is wrong doing on Lehman’s end which is why they are tangled up
https://document.epiq11.com/document/getdocumentbycode?docId=1428327&projectCode=LBH&source=DM
CT shares have equity interest
specifically preferred stock equity interest
LBHI has 17million+ unissued preferreds
All of the ECAPS were supposed to receive preferred stock by law when Lehman filed bankruptcy
Lehman did not issue ECAP holders preferred
Lehman tried to issue the shares in 2017
ECAPS have parity with the CT’s
CT’s rank above ECAPS
Lehman can’t issue any shares unless all cash payments are distributed.
That’s all fact. It’s not hard. Debt for equity swap. For preferred stock. I’m positive that’s the play here.
>>
I’m pretty sure filing claims individually would have no effect. I doubt stephens shares in his scott trade account have some sort of attachment to them that those specially would get equity and all other CT’s wouldn’t.
There is no cash payment. CT’s just have a right to equity. Specifically preferred stock.
It means CT’s have a right to equity. Meaning if theirs a new co CT’s will get new stock. CT’s have equity interest.
>>
yeah i was the one who discovered it and posted it lol
im pretty sure its a universal ruling. it would make 0 sense for someone elses specific CT's to recieve different treatment. also Linda1 filed a joinder with him.
if they go down to 5 they'd eventually be worth the full 25 in some time
well if we get NON cumulative preferred stock then the amount we would be able to get for those shares would depend on if the new company is paying the dividends on them or not. i dont think they will out the gate.
>>
>>.
>>>
LBT can’t resolve until they get their shares from LBHI. LBHI won’t distribute any shares until all litigations are resolved. The last litigation is set to be an appeal and the appeal will last until 2025.
I could be wrong about it. But LBHI themselves said this will continue until all litigations are resolved. I’m just going off what they say and common sense.
I think they meant a Wus fraud allegations case is closed. Not LBHI bankruptcy case.
>>
Oh yippie you’re linda.
Did you and Stephen get a settlement????
https://document.epiq11.com/document/getdocumentbycode?docId=1739928&projectCode=LBH&source=DM
I doubt he got a settlement. I think someone named Linda Neufeld made a joinder so she would have gotten paid as well.
>>
joe youre trying to play tongue wrestle again and im not going for it today.
>>>
snacks:
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://document.epiq11.com/document/getdocumentbycode?docId=1428329&projectCode=LBH&source=DM
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://document.epiq11.com/document/getdocumentsbydocket/?docketId=331253&projectCode=LBH&docketNumber=23049&source=DM
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://document.epiq11.com/document/getdocumentbycode?docId=1739928&projectCode=LBH&source=DM
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://document.epiq11.com/document/getdocumentbycode?docId=1428329&projectCode=LBH&source=DM
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://document.epiq11.com/document/getdocumentbycode?docId=3369470&projectCode=LBH&source=DM
Dang nabbit then I will be doing joe and mellow a favor.
the person who filed this did this 10+ years ago. And the same motion he filed was very similar to what the 4 ws and cotton tried to go to court for.
This is why I say, by law LBHI has to issue new securities to ECAPS. ECAPS 4 and 5 can’t get new shares and CT’s get nothing. This is why I say 10a-11 will receive the 17,000,000+ unissued preferreds.
But ehh… hmm. You did say please, and you did ask nicely. Therefore, I will honor your request.
Go to the epic website and click claims tab. This is claim #25478.
You can also search by creditor name: Stephen Restelli.
With this you will find how Stephen tried to fight for the CT’s in 2009 after he saw what was happening to them. Courts didn’t allow it. Ct’s only right to payment is with shares through preferred stock.
CT’s have class 12 equity interest. Preferred equity interest at that. Do your homework. And study. You are still a rookie talking to a vet.
The majority from the sell back is from LBT.
LBT will have no direct or indirect equity interest in LBHI. As LBHI will have no direct or indirect equity interest in LBT
Joe did you ever do your homework and see how CT’s have equity link?
>>>
Nols can be indirectly transferred. Read the bankruptcy corporate tax loop hole
I’m not mis reading 15.2. It says that a new entity Or an existing entity can have new shares issued to it and those shares can be issued to creditors and satisfy their claims in full. You can literally even add it to chatGPT and it’ll say the same thing. You can even email a business lawyer expert and they’ll say the same thing. 15.2 is straight forward but it is technically an option.
>>>
ALL assets must be distributed as part of the wind up. one of those assets being the NOL. NOLS come after all cash payments have been made. The company would need owners so senior creditors would own the common stock. 10a-12 would get preferreds as they represent no ownership of the company
>>>
Typo I meant to say bearish.
What you mean
which part do you disagree on
>>
>>>that old and coldshareholders
It’s old and old creditors and shareholders
Yea but a loophole to that is creditors can get 49.9% and old equity can get .1%. And the remaining 50% can go to more creditors
Creditors will get NOLS!
We will see toogood!
You got any links supporting what you say?