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i just can not stop laughing. this one for sticky for sure
volume close to 50k for CTs today
Does CONTINGENT means there should be Money preserved against it?
Any news guys ???
i am looking at the same page 29 claim sheet. These are already part of the Total Liabilities Subject to Compromise!!!
what i am saying is that great amount of the claim is "Internal" and will be paid only in the "books". these claims are of higher class than CTs and they need to be satisfied in full but only in "Books"
just to give you a hint:
Affiliate claims against LBHI = 58.8B
Affiliate Guarantee claims against LBHI = 12.7B
this should go to ??? LCPI, LBSF, and others
check again the same claims against other debtors (LCPI, LBSF, Others) this should go to?? LBHI
i am sure i have made you more confused
but don,t worry. we are all going to be rich either in September or by 2018
Yes now you know what i am looking at and believe me i can read it and understand it very well
but i still want to you to go through it again and shed more light on my request (i will copy it and paste it here again)
"toogood have you noticed the Affiliate and the Affiliate Guarantee claims against LBHI (which are higher class of course than 10B)?? they are adding up to the 200B liabilities that you and Gus always talk about right?? where are these claims going to at the end??mmmmm? and check the same against LCPI,LBSF and others....those (or most of them) don't go as receivables at the end to LBHI??mmmmm??"
Toogood maybe it was not 200B after all!!! or at least great amount was just "Funny Money"
insert-text-here
Oh then wait until you read about the Trillion + claims filed at the beginning
and here is the one and only truth
insert-text-here
check page 29 of the balance sheet. it is not that complicated. even I can understand it of course you need to add last distribution.
toogood have you noticed the Affiliate and the Affiliate Guarantee claims against LBHI (which are higher class of course than 10B)?? they are adding up to the 200B liabilities that you and Gus always talk about right?? where are these claims going to at the end??mmmmm? and check the same against LCPI,LBSF and others....those (or most of them) don't go as receivables at the end to LBHI??mmmmm??
i don't think it is as simple as you make it sound in your posts (with all my respect to you)
but please shed more light on this point
chapter 7
Mmmmm. So they put the amount of the claim knowing that it will be paid in 2014!!!!!
Maybe it is part of the expected 26B to be allowed !!
i just wonder what is the 6 years in your calculation Cotton??
is your claim under your name??
No it is even better... OBS "may receive its share of any remaining assets"
am i mistaken or that term does not exist in the POR??
think with me
and i am reading from the BS from "Liabilities Subject to Compromise":
Here is the big secret that 2good is hiding from everyone:
1)In the Newco, Creditors and Debtors will be the owners. Debtors with their NOL, Creditors with their shares in the newco for the remaining illiquid assists (since the POR allow for paying creditors with other than cash like issued shares)
2)These shares will be the final distribution and then creditors will be satisfied in full which will put an end to the POR
3)There will be no COD liabilities because the “forgiven” debt is within the same company (consider that you are forgiving yourself your own debt
4)Everybody is happy
5)Hestheman,2good,Gus,LD,Wayn are friends again
What did you do with the remaining 4+ Billions ??
Is this the only correction you have????
What about this?
"Class 10B says that when Classes 3 - 5 are SATISFIED IN FULL then Class 10B gets its Pro Rata Share too."
So CTs start get money when classes 3-5 are satisfied in full??
Thanks a million. Or should I say a billion ????
Can someone please post the complete Law360 article ?
Guster , why didn't you say “ LBHI is unsecured creditor of LBI and any payment will come from LBI will go to classes 3-9 and CTs will not see anything"???
279999999000 dollars
Question to the Gurus of this board:
Is there COD with "accord and satisfaction"??
more or less
Accord and satisfaction !
just a friendly guster perhaps
http://www.bloomberg.com/news/2014-06-27/lehman-haunted-by-780-million-london-skyscraper-claim.html
"Canary Wharf withdrew a threat to vote against Lehman’s liquidation plan and reduced its claims against the bankrupt firm to $780 million from $4.5 billion after Lehman agreed to reserve money to pay the obligations."
----------------------------
this is an example of how the POR was approved. it is satisfied in full ($780M) and not paid in full ($4.5B).
you mean to "available cash"
there are claims for around 5.5B for LBHI in schedule B
not to mention all these transfer of claims reported every day. I mean these guys know what they are buying for sure
and 3B from 7 per cent stake in KSK Energy Ventures, and few hundred millions from Meridien Etoile Hotel, and couple of Billions here and there...and...and...and
thank you for your answer. I think this point need to be considered.
but in any case, it is good that we have the beauty of "satisfied in full" rather than "Paid in full". If they new that there was enough Money to "Pay" in full then there was no need to have this plan in the first place...even filing for Bankruptcy was not necessary (for that matter)...LOL
you need those to put all the money in. LOL
but I guess you will not be buying them before 2 years or so. LOL
question:
As I understood it,the plan count for any payment done to creditors "Prior to the Effective Date" as part of the distribution to satisfy their claims. do we know if anything (outside the 80B) was paid to creditors before Effective Date?