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jim try it! this thing is pretty neat! reminds me of when I first googled a question for the first ime
swiss: when a bankrupt company transfers It's NOLS to preferred stockholders, is cancellation of debt income recognized?
openai:
swiss:
Hey lehmanators! ever heard of the new openai technology that everyone is raving about that Microsoft partnered with??
you can ask it ANYTHING and it gives you an answer within SECONDS!!! 4 hours worth of DD can be done in 5 minutes with this thing! heres some questions I asked it and heres the answers it gave me! I encourage you all to use this not just for lehman but for anything. it truly is amazing. 10/10 definitely. It's already passed medical exams and business exams. this thing is the real deal.
swiss:
Because of the lawsuits
If they don’t do final distribution this coming March then I can guarantee this will go towards 2025
Yes sir!
Who you got for the Super Bowl??
Joe are you playing gotcha or are you being an investor? Don’t stoop to my level because I can do that better than you. Just be you.
You said
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Did you not see the docket I quoted from? That order was approved?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171049190
How can you read this and still say CT’s do not have preferred stock interest?
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LOL!
Thank you Jim
Why won’t you give it to him? LMFAO
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comprehension mellowbird. when I said
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no cash distributions. this plan is talking about cash distributions. the only thing that has been going on for the past 15 years since Lehman filed BK have been cash distributions. that's the whole point of the plan is LBHI selling assets to distribute to creditors for cash. You are looking at the term distribution and think for every time it is mentioned it includes cash AND stock which is not true.
former equity holders are not expected to see a distribution because everyone above them has to eat first. if stock distributions only applied to class 12 equity, why is this language used:
because the modified plan talks about issuance of new securities. and the plan trust cannot be terminated unless there are stock distributions:
look at the context of which this was written mellowbird.
mellowbird i posted like 2 other articles stating the same exact thing that weren't virgina based. not sure why you hop scotched around those ones but here you go,https://www.capitolservices.com/terminating-delaware-corporation/
I'm pretty sure The nols will be transferred to the plan trust. just how LBI did.
https://document.epiq11.com/document/getdocumentbycode?docId=4093683&projectCode=LBI&source=DM
Can only occur after stock distributions
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Thank you jim I appreciate it.
Dissolution does not mean termination
Theirs no language in that particular plan from epiq that states anything of the plan trust termination. Joe stocks claims LBHI plan trust are one whole entity and not 2 separate things. Therefore if we go by Joe stocks and mellowbirds logic, and follow just the plan we see on epiq, LBHI plan trust will never cease to legally exist because no termination language of the plan trust is written anywhere. And that’s not deception that’s black and white on the paper fact that’s documented that every one of us here can go see and look at with our own eyes.
You always only quoted the dissolution language in the plan. But dissolution of the liquidating trust (plan trust) does not constitute as termination of the the liquidating trust (plan trust). A termination must occur for the liquidating trust to be done and over with to the fullest. However, theirs no language of a termination of the liquidating trust (plan trust) in the modified plan from the eqiq website.
https://portal-redirect.epiq11.com/LBH/document/GetDocument.aspx?DocumentId=1458176
Why is there no termination language joe?
For years have you been trying to pass on the words dissolution to mean termination? Did you know they were separate things? And since they are seperate things, and the modified plan from eqiq does not contain any language of a termination of the plan trust, and since you claim the plan trust and LBHI are all in one, and since you claim the plan from epiq does not mention the words reorganization anywhere.. since LBHI and the plan trust are one, and the plan I linked which is the plan you always link and go by does not state anything about the termination of the plan trust, then by your own logic you are saying LBHI will never cease to exist.
More on difference between dissolution and and termination:
https://ssmnlaw.com/the-death-of-a-company-dissolution-or-administrative-termination/
More on difference between dissolution and and termination:
https://ssmnlaw.com/the-death-of-a-company-dissolution-or-administrative-termination/
even if lehman brohers plan trust is indeed all of LBHI, the plan trust can only be terminated once stock distributions are complete.
Meaning, this can only end once stock distributions are completed.
https://www.otcmarkets.com/filing/html?id=8289170&guid=fz2-kWNHuRkPB3h
Don't be fooled!
https://grddlaw.com/what-is-the-difference-between-dissolution-and-termination-of-an-entity/