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"I would speculate the large investors, institutions, hedge funds, and possibly other individuals who where able to meet and satisfy all the requirements."
Wouldn't THESE REQUIREMENTS need to be spelled out at the time of purchase?
How does one sell a Bond, and then tell the purchaser that only a few will be getting what they paid for?
IF these Bonds ARE being serviced, WHY are they still trading at less than ONE CENT?
At least the ones I own are....
"AZ is not the only one to see some sort of payment or movement with respect to is bonds, but he appears to be the only one to openly say that he has. "
Who are the other parties? Why would ANY keep quiet about what would be great news?
Why would the 'Good Ole boys' let an newbie have that role?
Good thing is.... it is just that much more 'undervalued'..../s
Reiko, Thank you for the clarification.
"the WMB Bonds continue to be', and are currently being serviced and managed by a sub of (XXXX) ... distributions to those that followed all of the ownership guidelines are semi-annual ... beginning last February as I mistakenly but honestly reported, and July is now number two, probably later this week, or first of next ..."
"even you should have known then that ultimately time was going to prove this to be true."
Reiko, are you suggesting they ARE making payments?
New Docket:
https://dm.epiq11.com/case/lbh/dockets/61580?debtorId=1906
Docket # 61580
Filed Jul 03 2023
Certificate of Mailing of Claims Agent in re: Chapter 11 Monthly Operating Report for the Month Ending: 04/30/2023 (related document(s)[61572]) filed by Epiq Corporate Restructuring, LLC.(Garabato, Sid)
Debtor 08-13555 Lehman Brothers Holdings Inc.
Do you mean Joseph Waske.?
"still, THE FDIC IS Still responsible to force JPMC to pay book value for whatever they took that they had no right too take and in many cases sold, SO the FDIC still has to make JPMC pay up in stock or cash to make up for those things"
I agree. How is it possible that JPM has been using these assets without us seeing a penny of the PA&A payment is bewildering.
"then why do we keep deceiving ourselves with this explanation that we have to "wait till the FDIC-R Closes the BK" to see any of our "F&R" recoveries promised?"
I don't know why some try to mix the FDIC receivership closure with BK remote assets.
imo, They are two separate items. The holdup on remote assets????
"Yes and the FDIC also stated that there is nothing to distribute"
I thought the FDIC stated, "they have nothing to do with any BK remote assets".
imo, Big difference.
"2008 + 17 years = 2025, $34 per CTs' share in back interest at 8% simple ($2 per share/year)"
Big difference.....9% compounding
$25 x .09 x 17 = $108
https://www.davemanuel.com/compound-interest-calculator.php
A while back, I asked some questions to ChatGPT https://openai.com/blog/chatgpt .
I questioned something to the effect, if the WAMU BK was finished, why is it taking so long for the Receivership to end?
It replied (from memory), that the Receivership was very complex. It alluded to, that many people still need to be paid. The Bondholders, Creditors and others. It almost seemed like everybody who didn't get paid in the BK, will be?
But how much can one believe a machine?
NEW DOCKETS
https://dm.epiq11.com/case/lbh/dockets/61578?debtorId=1906
Docket # 61578
Filed Jun 30 2023
Chapter 11 Monthly Operating Report for the Month Ending: 05/31/2023 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
https://dm.epiq11.com/case/lbh/dockets/61579?debtorId=1906
Docket # 61579
Filed Jun 30 2023
Chapter 11 Post-Confirmation Report for the Quarter Ending: 04/06/2023 / Quarterly Financial Report as of April 6, 2023 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Still, he is giving his opinions. You add nothing.....
Perhaps it is just how Morgan Stanley is running things??
Perhaps AZ could chime in. I don't have much info on them. Bought for a lottery ticket.
To those that have WAMU Jr. Bonds......
I happened to check out my ETrade account today.
I have some of the WAMU Jr Bonds. They are NOW showing a price(albeit a small one). Last that I recall there was no price.
Last Price $ Change $ Change % Day's Gain $ Qty #
_cusip=06541EAA0 0.001 -- --
cusip=93933VAS7 0.001 -- --
_cusip=93933VBA5 0.00 -- --
_cusip=93933VBC1 0.0137 -- --
_cusip=93933WAA4 0.001 -- --
"your assets will be waiting for you.."
ND, Is this what you are talking about?
"On Tuesday, May 30, starting at 5 a.m. ET, you'll be able to access your accounts online at Schwab.com and through the Schwab Mobile app, using your Schwab Login ID and password. Your assets, positions, and account information will be waiting for you."
All of my info moved. Not sure why you might be expecting more than you had?
"it’s a process that has to come to a conclusion."
I agree, the poster I replied to stated it was over.
"Because the $coundrel "higher creditor classes" want to collect the interest payments that are going to CT shares...And as long as the "Distributions" happen, they will 'show' that CTS are being 'traded' so that they can "STEAL"/re-direct the Interest Pmts to higher Creditor classes..."
A question to anyone:
The CT's are generating interest, that interest is being diverted.
But for THAT to be happening, don't the CT's need to have some values generating the interest?
And, even if the interest is diverted, why isn't the underlying value being reflected in the CT's pps?
If I have $1,000 in the bank generating interest of $40, and I am forced to send this $40 to another party, I still am the owner of the $1,000, no?
Docket # 61576
Filed Jun 20 2023
Certificate of Mailing of Claims Agent in re: Chapter 11 Monthly Operating Report for the Month Ending: 04/30/2023 (related document(s)[61572]) filed by Epiq Corporate Restructuring, LLC.(Garabato, Sid)
Debtor 08-13555 Lehman Brothers Holdings Inc.
https://dm.epiq11.com/case/lbh/dockets/61576?debtorId=1906
Docket # 61577
Filed Jun 20 2023
Notice of Withdrawal of Appearance and Request to be Removed from Service Lists filed by David Dunn on behalf of Westernbank Puerto Rico. (Dunn, David)
Debtor 08-13555 Lehman Brothers Holdings Inc.
https://dm.epiq11.com/case/lbh/dockets/61577?debtorId=1906
"I meant the lawyers Like keeping this going for a paycheck.'
WHO is allowing these lawyers to continue billing? I would think it must be 'profitable in some way' to them, or they would end it, no?
"Since many moons ago, the interest is being paid on our CTs but the money is routed to paying off other senior creditors."
What is generating this interest? Shouldn't THAT VALUE be reflected in the CT price?
"I like this > 600k volume bar shown as BUY in the last minutes... "
Doesn't that ALSO mean somebody wanted out of 600,000 shares? Why,if it is so undervalued?
I would think that a 600,000 shareholder would have a 'pretty good reason' to get rid of that many..?
"The only way that JPMC could ever take ownership of WMI's charter"
Is that even possible? I thought WMI's Charter only existed because is was Grandfathered in. No other Bank was allowed to do, what WAMU could continue to do. I would think any attempt to 'move it' would automatically cause it to be cancelled?
"Most of the Derivative Contracts are LIBOR Based."
Isn't LIBOR officially ending at the end of June?
Do you expect this to have any effect on the Lehman case?
"They are still worried about those who did not release them."
Not sure why? Everyone was told the rules.
Didn't the US Congress tell Sheila (FDIC) they could not touch the Holding Company?
Does anyone believe the Holding Company of an over 100Yr old Financial Institution has nothing of value?
I don't believe that.
" That means no one is forcing the FDIC to act. "
Hasn't there been hundreds of FDIC receiverships completed over the years?
Can you name one that was needed to be 'forced' to get closed?
"the more this keeps on getting delayed, the more probability there is that someone else is 'pilfering away' all the 'F&R' recoveries due to us."
Isn't there going to be an Official Record of the FDIC closing of the Receivership?
In this BK, I would guess there will be thousands of people checking their figures.
imo
"Who is ‘she’, and approved what, ??"
She is Judge Walrath.
She, THE JUDGE, stated, that had she known about the UW's being moved to Class 19, she,THE JUDGE, would have approved it. So OBVIOUSLY, the UW's were moved to Class 19 WITHOUT her being aware of it at the time.
And, therefore, they could not have ORIGINALLY been in Class 19.
"She later stated she 'would have approved it , if known'"
So, WHY did the Judge make this statement in Court?
Do you know more about the Case than the Judge?
Thank you.
What are the CUSIPs?
List of Section 13F Securities
https://www.sec.gov/divisions/investment/13flists
OFFICIAL LIST OF SECTION 13(f) SECURITIES USER INFORMATION SHEET
General
This list of “Section 13(f) securities” as defined by Rule 13f-1(c) [17 CFR
240.13f-1(c)] is made available to the public pursuant to Section13 (f) (3) of the
Securities Exchange Act of 1934 [15 USC 78m(f) (3)]. It is made available for
use in the preparation of reports filed with the Securities and Exchange
Commission pursuant to Rule 13f-1 [17 CFR 240.13f-1] under Section 13(f) of
the Securities Exchange Act of 1934. An updated list is published on a quarterly
basis.
This list is current as of March 15, 2023, and may be relied on by
institutional investment managers filing Form 13F reports for the calendar
quarter ending March 31, 2023. Institutional investment managers should report
holdings--number of shares and fair market value--as of the last day of the
calendar quarter as required by [ Section 13(f)(1) and Rule 13f-1] thereunder.
Official List of Section 13(f) Securities
This list of "Section 13(f) securities" as defined by Rule 13f-1(c) [17 CFR 240.13f-1(c)] is made available to the public pursuant to Section 13 (f) (3) of the Securities Exchange Act of 1934 [15 USC 78m(f) (3)]. It is made available for use in the preparation of reports filed with the Securities and Exchange Commission pursuant to Rule 13f-1 [17 CFR 240.13f-1] under Section 13(f) of the Securities Exchange Act of 1934. An updated list is published on a quarterly basis.
Current List (1st quarter 2023)
https://www.sec.gov/divisions/investment/13flists
"I don’t support the Alice Class 19 totally bogus claim regarding of offering Class 22 claims to Class 19."
Ron, The UW's WERE ORIGINALLY SUPPOSED to get Class 22. Class 19 was NOT supposed to be diluted. Alice was merely trying to undo the sneak. But for 'some reason' the sneak was allowed....
They were 'for some reason'? snuck into Class 19 WITHOUT the Judges permission.
She later stated she 'would have approved it , if known', BUT the fact remains, they were SNUCK in.
WHY did the UW's OBVIOUSLY WANT Class 19? $$$$
I removed the(").
I get Permission denied. It would seem those with 'permission' would be able to see it?
Why not just wait until the FDIC finishes what it is doing?
There have been hundreds, maybe thousands of Receiverships that have been completed.
Has 'legal action' been needed in those cases?
Time might be better spent trying to find a FDIC person who can say as to how far along in the process they are.
Fred, Thank you for the reply.