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The turning point for the CTs will be ...
I have been here for months, both observing and picking up the various flavors of CT shares along the way, patiently waiting (painfully patient, you might say) for the critical turning point for these special securities. That turning point? The Effective Date. We need to get to that point to find out if there will truly be any reasonable and decent value to the CTs.
I have observed all the great DD, and the attempts to rain on the parade by naysayers (you know who you are), and my conclusion is that we can speculate all we want about dividends and deadlines and assets and such, but we don't stand a chance unless the CTs are ruled/considered debt. The Effective Date, from my understanding, will be that time when our brothers and sisters in preferred and commons will be delegated to the big share of pie in the sky that may somehow become something real and edible if Lehman can recover many billions of assets down the road. In the meantime ...
If the CT shares do not get tossed into that LAMCO pot, I believe we will see some amazing things happen. Mind you, if the CTs get paid off at 20%, this will be a life changer(especially for me), and I will be very happy about it, as will many others. However, if they do not get the payoff, but, instead, simply are left alive with the high probability of dividend recovery and payout, share price will likely escalate beyond 50%. There will be long-term investors looking for appreciation and dividends, and the CTs will be quite attractive.
These sort of remind me of the WAHUQ shares, which the hedgies bought for pennies back when WAMU was unrightfully seized. Those WAHUQ shares later rose into the $30 range for a while, until the hedgies got spanked by the Court for IT. Lehman CTs are capped at $25, but that is more than enough, considering the fact that you can buy them now for an average of .10 or less.
So, CT investors and pundits, let's start working on that Effective Date. Let's investigate and see if we can pin it down, when it is due to happen, or when it is supposed to happen. That's all I care about now. Hey, it's cool to dream and plan for dividends, but it's like worrying about taxes before making money. Make the money first! Those dividends will be the talk after we confirm the CT status. Lehman CTs must first rise up above the LAMCO melting pot, and then we can all do the happy dance. And I don't dance much at all, but I really want to do the happy dance!
Chessman
The turning point for the CTs will be ...
I have been here for months, both observing and picking up the various flavors of CT shares along the way, patiently waiting (painfully patient, you might say) for the critical turning point for these special securities. That turning point? The Effective Date. We need to get to that point to find out if there will truly be any reasonable and decent value to the CTs.
I have observed all the great DD, and the attempts to rain on the parade by naysayers (you know who you are), and my conclusion is that we can speculate all we want about dividends and deadlines and assets and such, but we don't stand a chance unless the CTs are ruled/considered debt. The Effective Date, from my understanding, will be that time when our brothers and sisters in preferred and commons will be delegated to the big share of pie in the sky that may somehow become something real and edible if Lehman can recover many billions of assets down the road. In the meantime ...
If the CT shares do not get tossed into that LAMCO pot, I believe we will see some amazing things happen. Mind you, if the CTs get paid off at 20%, this will be a life changer(especially for me), and I will be very happy about it, as will many others. However, if they do not get the payoff, but, instead, simply are left alive with the high probability of dividend recovery and payout, share price will likely escalate beyond 50%. There will be long-term investors looking for appreciation and dividends, and the CTs will be quite attractive.
These sort of remind me of the WAHUQ shares, which the hedgies bought for pennies back when WAMU was unrightfully seized. Those WAHUQ shares later rose into the $30 range for a while, until the hedgies got spanked by the Court for IT. Lehman CTs are capped at $25, but that is more than enough, considering the fact that you can buy them now for an average of .10 or less.
So, CT investors and pundits, let's start working on that Effective Date. Let's investigate and see if we can pin it down, when it is due to happen, or when it is supposed to happen. That's all I care about now. Hey, it's cool to dream and plan for dividends, but it's like worrying about taxes before making money. Make the money first! Those dividends will be the talk after we confirm the CT status. Lehman CTs must first rise up above the LAMCO melting pot, and then we can all do the happy dance. And I don't dance much at all, but I really want to do the happy dance!
Chessman
The turning point for the CTs will be ...
I have been here for months, both observing and picking up the various flavors of CT shares along the way, patiently waiting (painfully patient, you might say) for the critical turning point for these special securities. That turning point? The Effective Date. We need to get to that point to find out if there will truly be any reasonable and decent value to the CTs.
I have observed all the great DD, and the attempts to rain on the parade by naysayers (you know who you are), and my conclusion is that we can speculate all we want about dividends and deadlines and assets and such, but we don't stand a chance unless the CTs are ruled/considered debt. The Effective Date, from my understanding, will be that time when our brothers and sisters in preferred and commons will be delegated to the big share of pie in the sky that may somehow become something real and edible if Lehman can recover many billions of assets down the road. In the meantime ...
If the CT shares do not get tossed into that LAMCO pot, I believe we will see some amazing things happen. Mind you, if the CTs get paid off at 20%, this will be a life changer(especially for me), and I will be very happy about it, as will many others. However, if they do not get the payoff, but, instead, simply are left alive with the high probability of dividend recovery and payout, share price will likely escalate beyond 50%. There will be long-term investors looking for appreciation and dividends, and the CTs will be quite attractive.
These sort of remind me of the WAHUQ shares, which the hedgies bought for pennies back when WAMU was unrightfully seized. Those WAHUQ shares later rose into the $30 range for a while, until the hedgies got spanked by the Court for IT. Lehman CTs are capped at $25, but that is more than enough, considering the fact that you can buy them now for an average of .10 or less.
So, CT investors and pundits, let's start working on that Effective Date. Let's investigate and see if we can pin it down, when it is due to happen, or when it is supposed to happen. That's all I care about now. Hey, it's cool to dream and plan for dividends, but it's like worrying about taxes before making money. Make the money first! Those dividends will be the talk after we confirm the CT status. Lehman CTs must first rise up above the LAMCO melting pot, and then we can all do the happy dance. And I don't dance much at all, but I really want to do the happy dance!
Chessman
The turning point for the CTs will be ...
I have been here for months, both observing and picking up the various flavors of CT shares along the way, patiently waiting (painfully patient, you might say) for the critical turning point for these special securities. That turning point? The Effective Date. We need to get to that point to find out if there will truly be any reasonable and decent value to the CTs.
I have observed all the great DD, and the attempts to rain on the parade by naysayers (you know who you are), and my conclusion is that we can speculate all we want about dividends and deadlines and assets and such, but we don't stand a chance unless the CTs are ruled/considered debt. The Effective Date, from my understanding, will be that time when our brothers and sisters in preferred and commons will be delegated to the big share of pie in the sky that may somehow become something real and edible if Lehman can recover many billions of assets down the road. In the meantime ...
If the CT shares do not get tossed into that LAMCO pot, I believe we will see some amazing things happen. Mind you, if the CTs get paid off at 20%, this will be a life changer(especially for me), and I will be very happy about it, as will many others. However, if they do not get the payoff, but, instead, simply are left alive with the high probability of dividend recovery and payout, share price will likely escalate beyond 50%. There will be long-term investors looking for appreciation and dividends, and the CTs will be quite attractive.
These sort of remind me of the WAHUQ shares, which the hedgies bought for pennies back when WAMU was unrightfully seized. Those WAHUQ shares later rose into the $30 range for a while, until the hedgies got spanked by the Court for IT. Lehman CTs are capped at $25, but that is more than enough, considering the fact that you can buy them now for an average of .10 or less.
So, CT investors and pundits, let's start working on that Effective Date. Let's investigate and see if we can pin it down, when it is due to happen, or when it is supposed to happen. That's all I care about now. Hey, it's cool to dream and plan for dividends, but it's like worrying about taxes before making money. Make the money first! Those dividends will be the talk after we confirm the CT status. Lehman CTs must first rise up above the LAMCO melting pot, and then we can all do the happy dance. And I don't dance much at all, but I really want to do the happy dance!
Chessman
Thank you and ...
that sounds quite logical. I want all notes, too, because, I believe, that is what will have the greatest return, after all this time.
Okay, thanks again, and now we wait.
Kindly,
Chessman
Not to dwell ...
I am filling out my form today, and now I have a clearer picture, but am I correct to assume that I would put ALL/100% also on page 7 to secure all Newco Commons for Runoff Notes? Is that how you are filling it out on both pages?
Thanks again!
Chessman
So, ...
if you want to end up with all Newco shares then one needs to check both boxes, ask for 100% Runoff Notes for cash, then check the box on page 7 and ask for the same?
Kindly,
Chessman
Mesa, do you really believe ...
that the judge is on our side?
Chessman
Thank you for ...
Thank you for your help, CWG. Yes, who would have know how much confusion was going to come about from what should have been a very quick and simple settlement. Damn Walrat! First it was her fair and reasonable BS, then the ruling against DIMEQ. I have learned a lot about BKs from all of this, but I also got confirmation that the system is totally corrupt (and that a revolution is the only way to fix it at this stage of our country's history).
In the meantime, I think I will go for commons, because after two years of following this FUBAR case and losing money and sleep, I want to see what happens with the new company stock.
On to confirmation, I think ...
Kindly,
Chessman
Still confused ...
CWG, thank you for referring me to your exchange with the person at KCC. Unfortunately, I am totally confused, still.
In your communication with David at KCC:
DIMEQ will receive:
Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval; Class 21
Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
Pro Rata share of a Class 18 Subordinated Claim, up to $10 million, which is currently viewed to be out of the money.
So if DIMEQ is already receiving 8.77% of 30% in stock, why is there a choice for Runoff Notes and then another choice for stock?
You are telling me that is for the Class 12 cash share of $5.8 million, but I will receive the Class 21 stock anyway if I make no election?
Sorry to be such trouble, but this is confusing. The other securities are relatively clear, but Dime is not.
Then you showed what David suggested:
DAVID at KCCLCC:If the settlement is approved, it will be your pro-rata share of the cash on account of the Class 12 claim. If you simply wish to maximize the election, write "ALL" in the $ area and the maximum will be calculated by the bankers.
I am still unsure as to what should be entered in the spaces provided. What are you going to do? ALL in the first space and then what in the pro-rata space?
Thanks!
Chessman
Anybody ... help?
Can anyone explain or advise about the following choices on the ballot:
Electing to receive Runoff Notes in lieu of some or all of the Creditor cash ...
and
Elect to receive pro rata share of the Common Stock Allotment, ...
Should these be checked? Are they worth it, and what should be written in the blanks?
TIA
Chessman
That is ...
a bunch of BS. $6.60? The commission was probably higher than that. Try a different angle that doesn't smell as bad.
Tell me why ...
then, was there a sale for $6.60 yesterday at .0033 to bring the price down. Did you do that to get more shares?
Yes, ...
surprising how some boards have really negative Mods. I think they are put there to occasionally bash the stock down instead of trying to provide in-depth DD.
Chessman
Tells me that we need to get someone to stop by their headquarters and ask some questions.
Okay, shareholders ...
Start calling the company, please. I called and got the voice mail and left a message. I asked them to return my call and to get some kind of update out to the shareholders.
Maybe if they get enough calls, they will put out a PR or something.
678-388-9857 is the number. Start the call wave!
Chessman
What is ...
the next important court date/hearing or significant event for TerreStar (and this stock) coming up?
Thanks!
Chessman
Can you believe ...
that what brought this stock down really far today to .0033 was a ridiculous sell order for only $6.60. This is pure BS! Nobody in their right mind would do that (the commission probably exceeds the proceeds!). Either the MMs are playing games, or some trader is trying to get others to sell at a very low ask.
I think it's time to start calling the company and finding out what is going on.
Chessman
Nothing like ...
Getting trapped in a stock.
Bid/Size
0.003 / 70,000
Ask/Size
0.019 / 54,300
What are the MMs trying to do here? Do they want us to keep our shares? Why would anyone even think about selling at .003?! This is not making a stable, liquid market. The entire trading system is corrupted (yes, well known fact), but what can we do about this particular stock? We could sit here forever until the company puts out a PR or does a merger. Totally sucks!
Chessman
Okay, Dimers, questions: I received the docs from TDA and ...
I am totally confused. Looks as if Judge WalRat has some ruling to make on February 1, and then we have a release deadline of February 29. It also looks as if we have to download the election form from KCC.
What I can't tell from all of this is if we have a vote at all on the Plan, and, if there is an appeal and it moves to a higher court, do we lose our chance of a greater recovery if we vote for the releases?
What a mess and an utter ripoff by the Court (Sponge Walrath).
Anybody clear on what is happening now with DIMEQ?
TIA
Chessman
February 9 or February 29?
The document states that February 29 is the voting deadline, but Catz posted in his very informative post that February 9 is the deadline. Which is it?
Chessman
Thanks, but ...
Aren't the ballots supposed to be returned to our respective brokers and not to KCC?
Thanks again for the help.
Chessman
Big question for the group ...
Are DIMEQ holders going to receive a ballot?
It seems to me that if these are warrants, they will have to wait until a conversion to shares and don't take part in the voting.
Nobody seems to be absolutely sure about the status of DIMEQ relative to voting. Going to wait and see if TDA will be sending ballots for my shares.
TIA for any guidance.
Chessman
Do DIMEQ shareholders get to vote?
I am overwhelmed by the amount of info that is being presented about voting. Anyone know if DIMEQ just waits for a conversion and respective shares, or do DIMEholders get to vote on plan acceptance and releases?
Thanks!
Chessman
Need DIMEQ questions answered ...
I hold WAMPQ, but want to pick up some DIMEQ shares now. To all the more expert DIMEQ holders here, I need some questions answered as best as possible.
1. Does DIMEQ have 114 million shares total?
2. Is the reserve 337 million minus $17 million?
3. If Judge Walrath rules in favor of DIMEQ, what does the ultimate pps become, as far as settlement?
4. If settlement is in favor of DIMEQ, does the payout happen independently of the WAMU settlement, and how soon can it happen?
5. Based on the final price at settlement, what is the highest pps likely to be seen by the rush of investors to pick this up before settlement (or is settlement instant after Walrath's approval/signature)? Just looking for a reasonable guess, but some investors (large funds?) will probably be happy with a 5-10% sure return, so if final pps is to be, say $2.80, is the highest pps traded before final payout likely to be $2.50?
I really appreciate the help, and thanks to all the long-term holders of WAMU/DIMEQ for the great DD and patience during the past several years.
Happy Holidays!
Chessman
I know.
This is a glitch by the brokerage firms ...
Don't get too excited people. My UWBK price and balance reflects .25 pps most of the time. Been that way for weeks. Many of the brokerage firms, including TDA, don't update their databases well with the Qs and pinkies. It's very frustrating because it gives a false picture of one's account. Once in a while, the price changes to reflect the real price.
Where's voodoo?
No problem, as long as ...
I am not the only one hitting the ask.
A while back, one poster reprimanded some of the buyers about making large trades, rather than small. I think he/she was correct. If everyone buys small amounts -- 25,000 to 50,000 at a a time, this puppy will continue to rise well as the deadline dates draw nearer.
It would be nice if ...
someone would take out the .0064s, and maybe that .0055 by NITE.
That was me. Took it out twice.
Yes, looks like manipulation. I will wait for others to hit the ask now.
Chessman
Posting by TDA is slow.
Thanks for your post/update!
Interesting ...
Just bought another 100,000 at .0068 and it is not showing up in my TDA/TOS software. Anyone see it?
Chessman
Not quite, patzer.
Watch what happens.
Nobody owes you anything.
Especially after commons gets paid.
The big question now is what is the actual debt that must be paid before commons get any return? That is the key question here. Yes, it would be great and time to party if the auction ended at 10 billion, but if the debt and the claims are more than that, then we shareholders of the commons are screwed.
So, can anyone really pin down the actual debt that MUST be paid? The figures posted on this board have ranged from a minimum of 2.5 to 5.0 billion. Anyone?
Thanks and GLTA!
Chessman
The reason that this stock closed at .096 ...
is because I sold a small amount of my shares at the last minute on Friday to buy back into GTGP. It should have closed at .10 or more. Sorry about that. I banked too much on STTN flying higher on Friday and left myself out of GTGP for the big announcement on Monday. Next time, I will sell STTN higher -- but much higher!
Chessman
You always appear on the boards that have the most going for them ...
You and your bosses are just trying to get in. Sorry, but you will have to pay the price everyone else does, and so will your employer.
Chessman
Thank you. I would have to imagine that ...
the price will gap up toward $3.00 before profit-taking begins. I suppose any shares under $3.00 now will be a great deal. Hate to chase, but that's all I and most newcomers will be able to do.
See you all in the morning!
Chessman
Investing at the market open ...
I missed getting in on Friday while waiting for funds to transfer, so now I have to scramble like many others to buy at market open on Monday.
No doubt, none of you already invested are going to let loose shares at $2.00, so, to avoid missing the gap up, can any of you suggest a good strategy for snagging shares after the bell rings?
Thanks in advance!
Kindly,
Chessman