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Are you going to average down a bit? wow, thats ruff.
I wish you good luck here.
Well, I can say at least we are in good company. I'm happy with where we stand.
John Hancock owns over a million of CT's LEHKQ Cusip:52519Y209. They also own a bunch of preferred.
www.jhfunds.com/CMS/DownloadableItems/Funds/.../201205.xls
If the link above doesn't work, just go to www.JHfunds.com and type lehman in the search window on top right corner of the webpage, it'll take you to their preferred Income Funds. There are 3 of them with the K CT's and various preferred.
Do you and your family own common, preferred or bonds? Just curious
Congratulations, you solved this one Dick Tracey. You'll be awarded the little orphan Annie secret decoder pin.
I wish you luck with your incoherent babble.
we are on post 26496.
Look at post 1450.
Welcome to 2013.
Sir, Your "Answer from BNYM to ACDU is 3 years old". We were aware back then and are aware now more then ever thanks to your last 20+ posts.
Welcome to the year 2013.
I can change your charity to the Cholo fund if you wish.
let me know when your chart is ready.
Thanks but I have contacted the B of NYM about a half dozen times as well as several others back in 09/10 before and after the bar date for filing claims or when it was relevant.
As this security is still trading no one is going to tell you we are going to get a total of $$$$ dividends or payout over the phone as that would be illegal, you must wait for it publicly like everyone else.
Not sure why your are so obsessed with ACDU's failed attempt to make a quick buck but here we are 3 and 1/2 years later and the Plan of recovery is 1-2 payments of being met and Asset values have increased 5X fair value.
By the Way, I currently own more CT's than ACDU did I'm happy with my DD. I was also able to trade actively and take profits before 3/12.
I promise to contribute to english as a second language charity after this BK, just for you.
I'm pretty sure I know what your agenda is by reading your older posts about selling at 15c and wanting to buy back at 10c.
How's the lehnq chart looking.
Also they only owned 100k+ of each ct for an average of 30c each. The Weeks before the Draft of the first por came out ct's were trading 60-70c. After the first plan was created ct's dropped to 15-20c and ACDU sold lmao. I was like wtf...... I know as I owned their stock as IOVE.
Not to mention that back in 09/10 ACDU was in fact IOVE or "Italian oven" when they changed their name to ACDU they also tried to change their business by buying debt in bk companies. unfortunately for them they bought Lehman about 7 months after the bar date for filling claims and they weren't happy when the first por was drafted. Boohoo
Golden handshake better than a golden shower.
Could see some fireworks in court today.
The honorable Judge Peck has been and is well aware of our subordination agreement and he will take care of us - class 10. He knows the extent of his power.
We'll be Aight.
Please find time to read. Look at the contributers under the Title.
"Bankruptcy Court Jurisdiction over Intercreditor Issues and
Subordinate Financing Agreements"
http://www.abiworld.org/committees/newsletters/busreorg/vol9num9/juris.pdf
Rofl......
LBI "Lehman Brothers International " and LBIE " Lehman Brothers International Europe" LBHI, " Lehman Brothers Holdings, Incorporated"
Who is it that you are a dressing it to? The judge or the debtors?
I have a feeling the Judge is about to.
rofl
"What do you want me to do?" Judge Isgur asked. "They don't have money. The DIP lender says, 'Fine, close them down. We don't care.'"
Struggling for Cash, ATP Abandons Gomez Oil Drilling Field.
http://www.rigzone.com/news/oil_gas/a/127079/Struggling_for_Cash_ATP_Abandons_Gomez_Oil_Drilling_Field
This is getting silly.
...the company said, its “good faith efforts” to produce a budget “have been undermined by the DIP agent’s and DIP lenders’ desire to postpone closing – although not the approval of the sale itself – for a period of up to two months.” Indeed, the company said it was only told about this closing delay earlier this week.
Lets see what happens on the 20th.
Last debtor press release was total distributions were increased to 67.5 billion. Almost 15 billion above their initial benchmark.
Correct
Hi Daisy, Here is the SEC link for the debtors ICP or Incentive Compensation Plan that was created by the debtors in accordance with the POR Approval back in March 2012. Enjoy
http://www.sec.gov/Archives/edgar/data/806085/000090951812000112/mm03-1912_8ke991.htm
30yr Carlyle bonds with semi-annual distributions~~~ No relation to lehman.
I'd like to visit dollar land in the coming weeks.
They have until 2018, the board of directors for the plan trust was shooting for 2015/2016 as the financial compensation would be in their best interest during that time frame according to the ICP.
The Directors POR Benchmark of 53.043 will probably be met during next distribution.
Once POR value of $53.043bn has been distributed to unsecured creditors, the ICP states their Distribution-Timing Multiplier is adjusted to 105%/95%/85% for years 4-6, respectively.
This may help you to see it from their perspective since they are the one's that are running the show.
http://www.sec.gov/Archives/edgar/data/806085/000090951812000112/mm03-1912_8ke991.htm
Sitting back relaxing with coke and my ouija board.
The Lehman plan trust agreement.
Not saying it can't happen after POR but highly unlikely.
Lehman’s managers had at one point hoped to spin out an asset management company, called Lamco, that would give equity to employees who had remained with the estate. But creditors rejected the plan, citing its cost.
the Plan Trust is intended to qualify as a liquidating trust within the meaning of Treasury Regulation Section 301.7701-4(d);
I believe that's the purpose of having a liquidating trust in the first place.
Federal taxes are owed upon liquidation of the trust or 3 years after? Q1 of 2016?
What a Liquidating Trust Can Do:
• Lower burn rate versus costs of maintaining company infrastructure.
• Support a longer run off period to collect milestones or royalties from out-licensed assets – up to three years under Delaware law with ability to extend for longer lived assets.
• Provide a vehicle to wrap up loose ends when lower value or less liquid assets remain.
• “Liquidation” into trust can end officers’ deferral period for severance payments under IRC 409A, depending on specific company circumstances.
• Liquidation into a liquidating trust in accordance with Rev. Rul. 72-137, 1972-1 C.B. 101, can qualify as sale or exchange of shares for Federal Income Tax purposes allowing stockholders to recognize loss to the extent the cost basis of their shares exceeds the per share value of assets transferred to the liquidating trust.
• As the winding up process progresses, the trust is readily administered on an as needed basis, versus retaining a corporate officer trying to move on with his/her life.
Q: Do you know why everyone posts on the LEHNQ board on Ihub?
A: because back when this board was created Linda had more of this CT than any other and she was the most active board member back then, she got more replies and so on and so forth and the trend continued and Here we are today.
:)
I don't know if your wrong. I disagree though.
I can only speculate as to why.
There were two POR's creditors had to vote on. One was chp 11 restructure and one was chp 11 liquidation. Both had pros and cons. LAMCO was to be only part of the chp 11 restructure. Unfortunately creditors voted on the chp 11 liquidation with no LAMCO. That's not to say they won's strike a merger of have a going concern in the future.
Here's an article about it.
http://www.ft.com/cms/s/0/d79dda28-67d8-11e1-978e-00144feabdc0.html#axzz2V5Y1HNfT
-Must not have read the plan trust agreement.
http://www.sec.gov/Archives/edgar/data/806085/000119312511339839/d267202dex101.htm
They have been liquidating plan trust assests for years and they've all been filed with the SEC by William Fox under ticker LEHKQ.
http://google.brand.edgar-online.com/?sym=LEHKQ