Makes sense.

Ringfence concerned subsidiary by pending matters and let the rest of the business go ahead and finish POR once and for all.

Troy Uhlman is always lurking.

Just a matter of months.

Are you the same juicyjuice from BP?

This is AWESOME NEWS.

The conversation is ongoing on the lehnq message board

I was wondering the same ??

It seems that ihub wants to kick out their users by implementing stupid and useless features.

We should all go to twitter to continue there.

And screw former equity holders? Hopefully not

Is this not contradicting your previous posts?

Do you also believe that NOLs will not be kept and LBHI will cease to exist after the plan closure?

I am assuming they will try to reach an agreement.
Time is money right now.

What are the odds of an appeal? That would be fatal for us.

This sounds very promising for old equity and CTs

Why would LBHI why large chunks of debt on the cheap if it didn't plan to exit bankruptcy with a nol entity?

So far but we should be getting close to the end

How long do you think we will have to wait until we know if CTs and old equity will get something?

https://www.businesswire.com/news/home/20220929005441/en/Twenty-Fifth-Distribution-Percentages-Announced-for-Lehman-Brothers-Holdings-Inc

If there is a pending distribution they cannot close the por.
Something does not make sense here.

But there is a new judge and the chapter 11 and por aren't closed.

Debtors and their controlled affiliates.
In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, LBHI’s twenty-sixth distribution to creditors is anticipated to be made within 5 business days of March 30, 2023.

This is getting confusing by the minute

So can we agree on a date please?

They might keep that massive cash to make acquisitions.
In any case, those 31 billions mean equity and CTs might be deeply undervalued.

31 billion bucks in cash on hand? That's massive.

When do you expect any changes?

Thank you so much for this clarification. Now it is evident to me.
Hopefully we will prevail.

How do you know? Please, don't raise people's hopes in vain!

I am with you man but this has been too much for too long

Does this mean that old equity will be wiped out?

Those are very pertinent and relevant questions and people here have the right to ask and to know.

I don't care about your opinion.

Who received those assets?
How much are they worth?
Why was the trust not allowed to disclose the information?
Are those assets the harbour safe assets that should belong to the legitimate legacy equity holders?

You sound kind of pessimistic

Maybe because this is about to end.

No news, good news ??

Did you say that equity and more specifically common shares will be cancelled?

What are the chances of equity surviving? I assume they are quite high.

It was a serious question. Thank you

What are the chances of equity not being wiped out?
Anyone?

News

Impressive. You were very accurate with this.

And preferred shares?