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I am confused, 75/25 issue means nothing then?
4 days to the end of Nov. My concern was why UK ECAPS got notice on Nov 13, why US CTs got nothing to be informed?
Thank you again. I feel more comfortable in this investment day by day due to your hard works and smart opinions.
Looks like you are correct.
That is why Barclays couldn’t touch CTs as they purchased LBI.
Cause, CTs had contracts between JPM & Lehman upon BK filing.
These contracts made JPM won its legal position to hold collaterals on behalf of CTs.
I am customer of TD for more than 20 years, I really don’t know how this kind thing happened. I hope they can figure out the problem and resume to the normal condition. I am trying but no answer yet. Thanks however.
I have very good relationship with my local TD office. Both account representatives and office manager. However, no one can reach to retail Dept. Which is higher level. Staffs can send internal memo. The only connection for me is answering machine. I left messages with no returning call from TD.
All retail investors here have enough shares, no one wants to buy at 2 to 5 times higher than bid prices.
Those few hundreds sold at bid were fishing made by MM. IMO
I placed few buy orders, some one always raised the bid 0.001 to 0.01 higher. One of my GTC even was cancelled without my consent.
Then, I got a “restriction to buy “ note attached to my account from TD. After I called them, TD wanted to terminated my business with them and asked me to sell my holdings or transfer to other brokerage firm. There is no explanation or reason up to date. Really sad.
“
Item 27 below leads me to think that the Debtors will match LBHI's Equity Plan Trust percentage recovery with LBHI's creditors recovery percentage (currently around 40%) prior to December 6, 2020. By law the Debtors cannot tell us that equity will have a recovery. “
There are two debtors, Lehman and JPM
JPM endorsed certain Lehman’s notes that is reason JPM is responsible for its endorsement papers if Lehman couldn’t pay back.
Fortunately, JPM had contracts with Lehman before Lehman’s BK filing, JPM was holding all Lehman’s cash as collaterals for its endorsement papers. We CTs are sitting here. Our recovery should be 100% principal from JPM, owed interests may come from UK. IMHO.
If possible can you let me know the reason?
TD, some one with Fidelity had same problem.
Thanks for your reply, I have enough cash to buy limited amount, never exceed my available cash. However, there is no such 6 months limitation. I had a GTC buy order, it was cancelled by TD for running weeks.
I have called three times, emailed three mails, they transferred me to retail Dept with answering machine three times.
No answer, just asked me to sell or transfer from answering machine.
So, what is the reason? Any explanation? Did you transfer to other brokerage?
Need some one’s opinion!
My brokerage firm set a “ restriction to buy “ note to my account. I am not a day trader, I never had a margin account.
I called several times and emailed them, no one can answer the reason, no email response up to now. the retail Dept set the restriction, however this Dept has no real person can answer the phone, always answer machine, just saying that company will terminate the relationship with me, I can only sell the stocks or transfer all my holdings to other brokerage.
Does anyone has same experiences, TIA
Maybe wait till end of month get US court approval for issuing new stocks for all ECAPS and US CTs.
Why we did not get a notice like ECAPS, if we will receive new stocks and/or dividends as well?
Are we included in distribution on Dec 7? Tia
Will you estimate the PPS at the time if 24B to 299B are flowing back to escrow?
10 M Preferred stocks will be distributed,
3B to 3.5B commons will be distributed,
Why those CTs are valuable stocks?
Cause no one wants to sell you cheaper even MM.
I have never seen a stock ASK price is 2 times to 5 times higher than BID.
“If you have sold or otherwise transferred your entire (or any part of your) holding(s) of the LP V Preferred Securities you should immediately forward this notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.”
Notice date : Nov 13, 2017
I guess so, the new shares should be related to new company.
The total face value of the CTs is on JPM’s hand ~ COLLATERALS.
JPM will transfer collateral to new company. IMHO
I am confused. LBHI’s CTs were class 10, does it mean they are class 6 now and are all satisfied in full?
Which means that we have to be paid in full?? Tia
“ Only LBHI's class six claims are satisfied in full below:
LBHI's TRuPS total principal = $ 1.2 Billion
UK ECAPS total principal = $ 2.051 Billion
(BP to US = 1.3201)
Total = $3.251 Billion “
K’s bid at $0.0101??? No buyer?
Thank you again.
What is waterfall II deal? Are we, CTs, in the deal to benefit something? Tia
With your triple affirmation, we will be OK. Thanks
If UK ECAPS will get distributions on Dec 7, our “unaffected matter “ cannot be settled then, even we are all at class 10, we will have no distribution on that day. Correct? Tia
Those guys made such kind a deal must be genius for developing a deal that owners of assets should know nothing. And US law allowed such thing to happen.
On the other side, we were treated as restarted fool.
Waiting for more than 9years, does anyone know the items listed in P&A agreement and book value JPM paid for our assets?
We don’t have to know or WMILT wants us know nothing about those info.
If our assets are still there, some where. How could JPM have sold our assets?
Someone robbed and/or stole your assets, after 10 years, you still believe your assets are sitting in police station, but you just don’t know what assets are holding in police station. This is the status we are sitting.
“SIMPLE STUPID WMI's assets since they have not been shown “
JPM sold or owns our real estate, JPM foreclosed or refinanced WHI mortgages which JPM thought they bought us out at 1.8B.
JPM are spending our assets, we still don’t know where are our assets.
Lehman is gone, together with its 55B NOL and OBS.?
Can JPM hold our collaterals without telling us the settlement between LBHI.?
Dec 7, 2017? Is this the day we will receive some distribution? Tia
299B - 151B = 148B,
Where is the remaining 148 B, transferred to LT also? We did not see in FDIC Sep 17 statement. Tia
Ok, we do have higher priority then Euro CTs, however they got notice of distribution, but looks like we haven't heard anything for our portion.
Sorry I mean TD.
CT rejected my buy orders only allowed me to sell. I just don't get why someone can place bid orders not me.
LBHI's TRuPS = "Unaffected Matters" = Secured Claims by JPMCB and LBHI as co-debtors!
We are now also in class 4 and entitle to contract rights of priority in payment?
When can we see our sealed assets?
This is very uncommon situations that equity owners couldn't see their own assets for 9 years, we just trust someone's words that assets were there hiding some where, you guys don't worry about your assets.
Then we see the JPM sold our loans, refinanced our mortgages, foreclosed our mortgages. And JPM insisted those mortgages they had service rights were purchased from FDIC.
Did our LT file law suit for JPM stealing our mortgages ?
I only saw those homeowners who's houses were foreclosed by JPM filed law suits against JPM for ownership of titles.
Without those home owners law suits, our mortgages business would have reduced to nothing. And did Anyone hear anything from LT for those foreclosed mortgages issues?
You can see the price difference between bid and ask, no one wants to sell at low, ask prices are 200% - 600% higher than bid.
No one wants to sell you cheaper, even MM.