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Same here.
"PLUS I STILL say that JPMC can NOT acquire the REORG'd COMPANY
They can only buy or PAY FOR what they should not have obtained from the FDIC
AND I SAY IT WILL BE WMI not JPM"
I would agree, but with the Laws being ignored left and right , by 'the favored', who knows?
I wonder if he bought any COOP before he was made President?
imo, A company President HAS TO show a bit of faith.....
"Schwab simply posts what you "WOULD" be getting "IF" Lehamn was paying dividends."
IF the CT's didn't have a chance of starting dividends again, why would they bother?
Re Schwab accounts. Thank you for the replies.
Newflow or anyone, This is the question I was asked. Can you add any thoughts? Thanks.
LEHNQ , LEHKQ, LEHLQ, LHHMQ
Sent to: vitellom on: March 13, 2024, 12:34:21 PM You have forwarded or responded to this message.
Hi MIKE,
I need a confirmation from you regarding a suspicion I have
At your SCHWAB account if you don't have any stocks generating interest in your portfolio please multiply your Lehman capital trust holdings number of shares by $21/share and calculate their interest at 7.15% rate and then compare it what you see at your estimated Investment Income Tap
In order to see your estimated investment income tap at SCHWAP you need to click accounts/investment income and make sure to click next 12 months tap (there are 3 sub taps 2023, 2024 and next 12 months)
I don't want to know how much you have but I want you to confirm me or deny the value you see at your interest income if it match the calculation I asked you to do based on 21/share and 7.15% interest rate
If you see a value closer to what I suggested still confirms my suspicion because interest rate varies between the 4 Lehman capital trusts
Here is an example can be used at calculation
Hypothetically if you have capital trust total of 10,000 shares x21 =$210,000
Interest for one year = 210,000 x 7.15% = $14910
If you have other stocks or bonds generate interest still you can figure out Lehman Capital stocks interest by excluding the other stocks interest from the total interest to reach Lehman stock
I see in my account an estimated interest income match the calculation above but I need to see if other Lehman holders do have the same value
i hope you confirm that my suspicion is correct in order to see the light at the end of the tunnel otherwise we disregard it and move on
Take care
Tom
newflow, Any chance you could put up a screenshot of this info?
A poster on the other Board was asking me about this exact thing. But I don't have a Schwab account.
You need to factor in the fact that it took 30ish Common to get 1 WMIH.
$6.08/30 = 0.20
"So if one had 200,000 old commons ÷ .03 ÷12= and recieve apx. 500 new shares x 75.00ish currently price per share=roughly 37,500.00? Wow sounds too good to be true....not!"
You got that right. $37,500/200,000 = $0.1875 :(
" roughly 27M shares for the Preferred "
How many shares per P?
"I wish to know do we have to fill some forms for CTs with our broker?"
Aren't they being held by your Broker? What other Forms would be needed?
"Unfortunately, IMO, we had a horse in the race... but the race had already begun, without us (equity). Don't forget, the takeover was planned well in advance... and therefore, only those on the inside at that time (before takeover) understood what not only was going to happen, but had THEIR ducks all in a row before that fat but had THEIR ducks all in a roweful day. Nothing was going to prevent what rolled out after that Thursday. Whoever were the recipients of any monies, wherever they might have been, if any... are long gone and in the hands of anyone else, but equity."
" but had THEIR ducks all in a row"
EXCEPT..... They didn't get the Holding Company......OOOOOPS!
2900 CT shares traded Thursday
200 LEHKQ
985 LEHLQ
840 LEHNQ
875 LHHMQ
This post from Boardpost (COOP/WAMU) message board might explain why these small amounts keep turning up?
nmruggles
#7
Today at 05:42:40 PM
This post is quite late because I do not follow my Lehman Brothers holdings closely. I went to Ally Invest today to download my 2023 1099 form and recent statements. I noticed a $20 charge to my account in February with no explanation. After reviewing other statements I saw that this charge has been appearing since May 2023.
I called Ally and after about 15 minutes of investigation their rep told me this is a recurring charge related to Lehman Brothers having become untradeable because of no transfer agent. Ally's fee schedule does in fact list a $20/mo fee for non-transferable securities, but I cannot recall getting any notice about this. I was pretty annoyed since this charge only started appearing in mid-2023 after years of bankruptcy, and neglected to ask whether it was related to my Lehman escrow marker (for preferred stock owned prior to bankruptcy), or for LEHKQ, a capital trust security in my account.
My efforts to search online for info about the claimed change in transfer agent status came to nothing. According to Ally's rep, my options are to keep paying 20/mo or pay a one-time $30 fee to close out the "worthless" stock position. He told me I cannot transfer the stock to another broker such as Fidelity which does not seem to have these fees. I am not persuaded that Lehman is worthless but it seems abusive to demand I pay $240 a year for no real work on Ally's part to wait for a possible return.
I plan to call back to find out if the fee is connected to teh escrow or capital trust position, and will try to get a copy of the notice Ally got informing them of the situation.
Anyone have an experience like this with Lehman?
Thank you for the reply.
"TOOK DB/California case a long time to let go of the 65 bill didn't it, almost a year if I remember correctly"
"a long time to let go of the 65 bill".
BBAN, Was this amount made public before it was let go? Just an announcement of actual funds would make any wait more bearable.
I received a notice from Charles Schwab.
The trade settlement period will be shortened to one day beginning May 28, 2024.
Trades executed on or after May 28, 2024 will settle on the next business day (T+1) for most U.S. and Canadian securities traded on U.S. exchanges. Currently, the settlement period is two business days after the trade date (T+2).
New shortened settlement period reduces risk.
This is an industry-wide change for most security transactions, which includes stocks, bonds, municipal securities, exchange-traded products, unit investment trusts, certain mutual funds and limited partnerships that trade on an exchange. The T+1 settlement period may benefit investors like you by reducing credit and liquidity risks present between the trade date and the settlement date.
Your next steps.
There are no actions for you to take. The new T+1 settlement period will automatically be applied for any new trades executed on or after May 28, 2024. There will also be no change to the settlement period for options or futures as they already use the T+1 settlement period.
"Yeah, I’m not too concerned that Jamie is worried about anything regarding the theft of WAMU and its assets."
Possibly. But he made all of the WAMU employees that were transferred to JPM, sell their shares. I wonder? who it would be that bought them, and most likely signed releases.
We get $, HE gets $$$.
I totally agree. Why would anyone be trying to sell?
Do you have Lehman CT's?
" i see no reason to sell unless they dilute like crazy."
imo, So far, this looks like a Company that is actually trying to fill a need. A place where Conservatives can get their voices heard. It would be almost suicide if they started diluting it.
Thank you for the reply.
"CBMJ has several years to reach its full potential!!"
I agree. Unlike many OTC stocks, this one looks like the real deal.
What would be a realistic time line for that? Months? Years?
How close are we to an uplist?
Companies that want to list on the Nasdaq, on the other hand, are required to have 1.25 million public shares held by at least 550 shareholders with a collective market value of $45 million.
"a collective market value of $45 million."
Currently CBMJ market value is $20.6 mil. SP $1.59
$45mil/17.6 outstanding =$2.56. Not far off, imo 2 more days like today would do it.
Hopefully the guys on top are working on this.
"First requirement for Nasdaq is a $1 share price..............Check.......... "
How long does it take for an uplist?
"Voluntarily Cancelled - The majority CTs Holders' agreed to cancel the CTs in 2017 unaware of the 2020 Plan Trust extension to 2025 or longer"
Was there some kind of vote for this? I bought most of mine in 2016, and don't recall anything about a cancellation.
Obviously my info was wrong. Thank you for the correction.
"My money is on Kristi Noem."
Please, NO. She's fine with the military and police having firearms, her problem is with civilians having them. She's not a 2nd Amendment supporter.
And the 2nd is all that is preventing a total takeover by the left.
Go CBMJ! Can't wait to see how high next week takes us.
"Rarely does this type of suit get more than three to five percent, so I doubled the higher amount to ten percent of the 400B. I just do not agree with Alice's much higher amount but would love to see it. "
Maybe a higher payout is due to the tremendous amount they profited....
From Perplexity AI :
Q:I heard the Banks made potentially TRILLIONS from the LIBOR rigging?
Answer
The estimate of potentially trillions in extra profit made by banks due to the LIBOR rigging scandal may stem from the vast scale of financial products affected by the manipulation, which underpins over $300 trillion worth of loans worldwide3
. However, the actual fines and penalties imposed on banks for their involvement in the scandal totaled over $9 billion, with individual banks like Barclays settling for hundreds of millions in fines3
4
. The U.S. Federal Deposit Insurance Corporation (FDIC) is suing seven European banks, including Barclays, over losses suffered by failed U.S. institutions due to LIBOR manipulation, with potential claims running into hundreds of millions of dollars2
. The FDIC's lawsuit seeks up to $400 billion in damages related to the manipulation of the LIBOR rate, highlighting the significant impact on financial institutions and the need for accountability in addressing fraudulent conduct1
2
.
" If you pay for a premium subscription, it may speed things up."
It doesn't. :(
Say what? Lawyers against excessive pay, ask for excessive pay......
Any chance constructive comments can be sent to THEM? Posting here does no good. imo
I would think they would welcome any thoughts regarding their business.
Does that mean you are going to be pissing and moaning like a baby for the NEXT 15 years?
From Perplexity AI
Is A. J. Hurt Jr. Inc. Public or Private?
Answer
A. J. Hurt Jr. Inc. is a private company. It is a carrier company located in Houston, Texas, specializing in distributing petroleum products such as gasoline, diesel fuel, heating oil, lubricants, kerosene, and propane products1
3
. The company operates as a Subchapter S Corporation and was established in 1958
What is A. J. Hurt Jr. Inc.?
Answer
A. J. Hurt Jr. Inc. is a company that is involved in the distribution of petroleum products, including gasoline, diesel fuel, heating oil, lubricants, kerosene, and propane products2
. The company was founded in Houston, Texas, by A.J. Hurt Sr. in 1958 and later joined by his son, Jack Hurt Jr. The company has been actively engaged in marketing and distributing lubricant and fuel products in the Texas and Louisiana Gulf Coast region for over five decades1
. A. J. Hurt Jr. Inc. is known for its association with Chevron products as its flagship brand and is one of the largest Chevron lubricant marketers in the US1
. They offer services such as fueling services, environmental solutions, equipment programs, fuel reporting, and disposal services for various waste streams1
.
You keep NOT MENTIONING what became of them after their Prospectus's were cancelled....WHY?
"THE COMMON AND PREFERRED SHARES WER CANCELLED, EXTINGUISHED AND ALL RIGHTS TO FORMER PROSPECTUS ARE DEEMED NULL AND VOID!!!!!!!!!!!!."
You keep NOT MENTIONING what became of them after their Prospectus's were cancelled....WHY?
"What was the reason why there were so many secrets which have been kept hidden from the public ?"
WHY? Because they are NOT being honest with the info fed to us. Pretty simple and obvious. imo
The main reason I bought my shares is BECAUSE it is Conservative Broadcasting....
With all of the biased news out there, it is becoming harder to find some truth in reporting.
I'm hoping this Company will help with that. We need all the help we can get.
I'm pretty sure this guy won't be letting any Conservative news out.
Soros Moves to Control Second-Largest Radio Group in US
https://www.newsmax.com/us/audacy-soros/2024/02/14/id/1153657/
Thank you.
Publicly Quoted or Traded Securities:
Trading Symbol: CBMJ
Exact title and class of securities outstanding: Common Stock
CUSIP: 208496C 10 6
Par or Stated Value: $0.001 par value
Total Shares Authorized: 500,000,000 as of August 14, 2023
Total Shares Outstanding: 17,617,170 as of August 14, 2023 (1)
Total number of shareholders of record: 104 as of August 14, 2023
Interesting: "Total number of shareholders of record: 104 as of August 14, 2023 "
That sure seems to be an extremely low amount of shareholders??