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I agree as it’s already being tested on the test net
In addition, I would be very careful following JS and Mellow as they have their own agenda here IMO. It does not add up why they would spend so much attention and time here if there is no value and THEY are not vested in their securities IMO.
- dnoto
I've had equity shares that I'm unable to liquidate and write off as a capital loss for over a decade. Why? The IRS does not consider them worthless in an as they still exist in my account in an escrow state. Are they going to wait over 10 years to deem them worthless, I think not IMO thinking logically, but if so, that would really suck. I still have every single equity security and CTs in my accounts and all LOTS are dated.
Don't tell JS or Mellow... sshhhh as I can't wait to send my yearly $1.00 donation.
In addition...
https://www.investopedia.com/terms/e/escrowedshares.asp
Bankruptcy or Reorganization
A company's shares may be suspended from trading during a bankruptcy filing or a company reorganization, pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.
A merger or acquisition can result in the buyer (acquirer) requesting a portion of the deal in consideration—typically 10% to 15%–to be held in escrow. Typically, shares of the seller or target company would be held. The escrowed shares protect the buyer from potential breaches in seller representation and warranties, covenants, contingencies, and working capital adjustments, among other material adverse items that may affect the valuation of deal or the closing itself.
Benefits of Escrowed Shares
Escrowed shares are designed to protect both parties to a transaction. The escrow agent ensures that shares are protected while the agreement is being executed and that all parties fulfill their contractual obligations. Holding shares in escrow can also prevent losses from market fluctuations.
In mergers and acquisitions (M&A), if the seller breaches the agreement, the buyer may recover the escrowed shares to mitigate losses.
2
If the buyer breaches the agreement, the seller may retain the escrowed shares.
Also, if the buyer needs more money to fulfill the agreement, the escrowed shares are available to facilitate the transaction. This access prevents the buyer from disturbing operations and adversely affecting shareholders.
interesting... Was this date always there for LEHJQ or was it recently revised? I don't remember it being there and this year 2023?
Do a ctrl+f and find 2023: Multiple references to February 15, 2023
https://www.sec.gov/Archives/edgar/data/806085/000104746908000953/a2182499z424b2.htm
The replacement capital covenant will remain in effect until the earliest date to occur of (i) February 15, 2023 (ii) the date, if any, on which the holders of at least a majority of the outstanding principal amount of indebtedness that qualifies as covered debt agree to the termination of our obligations under the replacement capital covenant, (iii) the date on which we have no eligible covered debt and (iv) the date on which all of the depositary shares and shares of Preferred Stock have been redeemed or purchased in full in compliance with the replacement capital covenant.
Second, at or prior to initial issuance of the Preferred Stock, we are entering into the replacement capital covenant, which will limit our right to redeem or purchase the Preferred Stock. In the replacement capital covenant, we covenant not to redeem or purchase, and to cause our subsidiaries not to redeem or purchase, the depositary shares or shares of Preferred Stock before February 15, 2023 (or such later date as we may determine if we decide to extend the term of the replacement capital covenant) except to the extent (i) during the 6 months prior to such redemption or purchase, we have received net proceeds in the amount specified in the replacement capital covenant from the sale of replacement capital securities or (ii) the depositary shares and the Preferred Stock are exchanged for common stock with a market value of at least 75% of the aggregate liquidation preference of the Preferred Stock or at least an equal aggregate liquidation preference or principal amount of replacement capital securities other than common stock, or a combination thereof.
but continue to monitor a stock that you don't have a position and that hasn't traded on the US market for over a year.
@mellowrbird @joestocks
"My friend Joe Stocks" was hoping LBHI would emerge from bankruptcy as a going concern.
Where would you like me to send your $1.00 donation per year? I can handle $1.00 donation for the Rockdale Art Farm (Joe) and your "non-profit" organization bozo.
Some peeps are dumb as rocks.
https://www.youtube.com/watch?v=vtyhFJqwmtg
New docs just hit the docket.
https://dm.epiq11.com/case/lbh/dockets
FYI: Someone was nice enough to buy 1 share of lehnq to confirm that it's still trading.
yes, but volume is still very low, but that could be related to the lack of shares available over the years and the so called "expert market" imo.
Green is a nice color :)
WOW, my accounts are looking much better. Show us the money... LFG!!!
Let's see if there is gold at the end of the rainbow. I think so imo, but we will see.
thanks stox.
LBIE, not sure if relevant.
High Court rules on "continuing" status of Lehman Brothers ISDA Events of Default in the context of Section 2(a)(iii)
https://www.ashurst.com/en/news-and-insights/legal-updates/high-court-rules-on-continuing-status-of-lehman-brothers/
wow, one minute we are an ATM and the next minute we are worthless.
Who in the heck is Marta lol?
Where is Marta, bring me my money or shares.
The only thing I know is I'm tired of looking :P
and I have tickets to the show... all except lehnq :( lol.
@stoxjock @edbk46. That is how I remember it going down too. Great summaries from both of you.
and they will do everything they can to screw the US shareholders, more so now than ever imo.
Batten down the hatches and hold your cash close peeps. IMO
@rick. I really enjoy reading your posts. Thank you!
BTW, you killed it on that buy @$0.00000992. Those are going to look really good soon. IMO. GLTU.
Been holding a billion + for over a year now. LFG!!!
Docket # 61514 Filed Oct 17 2022
Related to Rex's appeal
Notice of Transmittal of Record of Appeal. All documents have been filed with the United States District Court for the Southern District of New York. Record of Appeal is Complete and Available Electronically under Civil Case Number 22-cv-8021 assigned to the Honorable Paul A. Engelmayer. Check the District Court Docket Sheet for the Briefing Schedule. (related document(s)[61493]) (Rouzeau, Anatin).
Debtor 08-13555 Lehman Brothers Holdings Inc.
https://dm.epiq11.com/case/lbh/dockets
I know you meant LEHJQ is class 12.
Well I sure hope they hurry the heck up as a new batch of covid is coming based on what I've read imo.
Well, Well, Well... "Surplus" does have a nice ring to it. Let some of that "surplus" trickle down to LBHI.
not officially "dead". Just lots of waiting and guessing imo.
~dnoto
Ebay, Venmo, and PayPal are now closed and deleted. Anyone else trying to stop people from using their voices?
BNY Mellon Starts Crypto Custody Service
https://finance.yahoo.com/news/bny-mellon-begin-crypto-custody-123206600.htm
thanks newflow. crazy world we live in.
But they are okay with ridiculous attorney fees per month/year. Complete BS that they are concerned about 1 million per year imo. That is chump change for Lehman Brothers even in BK.
Thanks Stox for sharing the update. I also think we will see it here imo as it shows the effective date too:
Example: Cash Dividend Regular
FINRA: https://otce.finra.org/otce/dailyList
OTC: https://www.otcmarkets.com/stock/SJRWF/overview
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
10/07/2022 16:30:31 Cash Dividend Regular 10/13/2022 00:00:00 SJRWF Shaw Communications Inc Ordinary Shares OTC Equity
Details
Previous Value Current Value
Symbol SJRWF SJRWF
Issue Name Shaw Communications Inc Ordinary Shares Shaw Communications Inc Ordinary Shares
Class
Financial Status Indicator
Market Category OTC Equity OTC Equity
Current Value
Daily List Date/Time 10/07/2022 16:30:31
Event Type Cash Dividend Regular
Daily List Event Code DA
Effective/Ex Date/Time 10/13/2022 00:00:00
Subject to Corporate Action
Offering Type No Restrictions
Forward Split Ratio
Reverse Split Ratio
Dividend Type Cash Dividend
Percentage 0
Cash Amount 0.098542
Declaration Date
Record Date 10/14/2022 00:00:00
Payment Date 10/28/2022 00:00:00
Payment Method
Qualified Dividend Code
Record ID 40134175
Daily List Comment
@paypal, Your attempts of damage control are creating more damage.
Choice and consequences @paypal
People are tired of being LIED TO.
People need to use their voices only more or we will lose them IMO.
The people will decide your fate @paypal
Nothing Lehman related on the calendar for Martin Glenn and Shelley C. Chapman.
Martin Glenn: https://www.nysb.uscourts.gov/calendars/mg.html
Shelley C. Chapman: https://www.nysb.uscourts.gov/calendars/scc.html
Let's end this crap.
Found it interesting that Martin Glenn is handling the Celsius Network LLC (Crypto)
LOL, they are too busy. This is the US SEC back in 2008-2010... during that time. Again, they are busy doing other things. I'm sure they didn't miss anything during that time LOL as they were hands on the situation LOL.
agreed... Your money in, but no money out... thanks for the donations... and no updates or transparency. That doesn't seem right now; does it.
inflow $
outflow 0 to shareholders as of 10/7/22
Similar BS over on the COOP board about former Wamu with no transparency.
interesting read... with a couple of quotes. The CTs have been on Lehman's mind for a long time :P
Not sure if it's already been posted in its entirety.
https://www.sec.gov/Archives/edgar/data/933425/000093342510000009/acdu0330.htm
Is Lehman Brothers still operating?
NEW YORK, Sept 28 (Reuters) - The liquidation of Lehman Brothers' brokerage unit has ended, 14 years and 13 days after its parent's bankruptcy helped trigger a market freefall and global financial crisis.
Sep 28, 2022
Opinions, since we all have them :) :
*. They blame the US entity LBHI (Parent) for all of it.
*. I don't think US entity LBHI (Parent) is closed yet imo.
Here's the whole article from Reuters...
https://money.usnews.com/investing/news/articles/2022-09-28/after-14-years-lehman-brothers-brokerage-ends-liquidation
Thanks for confirming.
Yes, this should help from the SEC.
https://www.sec.gov/Archives/edgar/data/806085/000110465907017332/a07-6969_14fwp.htm
~dnoto
Have we confirmed that Lehnq is no longer tradeable on the "expert market"?
Meaning that you were able to purchase on the "expert market" and NOW you can't purchase on the "expert market"
We are all waiting on the results for our resignation letters :). Heck, fook the resignation letters lol
Yes or no will suffice. Thanks!
those damn LEHNQs... that is the one missing in Yahoo Finance too.
sadly also missing from my account since I didn't buy it LOL. I just want to see some movement.
agreed, thanks Mates! I will check FINRA too.
https://otce.finra.org/otce/dailyList
However, it’s based on date and TIME so it could technically trickle into the Finra list at any given time.
I believe you will see the changes in Finra first imo
CTs didn't trade Friday and they haven't traded yet today.... still early.
https://otce.finra.org/otce/dailyList
all opinions from me.
Wish I could answer your question, but who knows at this point.
I'm not entirely convinced they are done with the carcass. There is still bone marrow.
and NO ACCOUNTABILITY.
Just an opinion... everyone has one :)
I don't see any changes in Finra. Others can check, but I don't expect any changes today imo.
https://otce.finra.org/otce/dailyList