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RE: The UK settlement provides-
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You are still referring to LBH IN UK.
I have said many times that LBH IN UK is a Non-Controlled affiliate. I explained it many times.
AS OF JUNE 30 QUARTERLY REPORT
THE ESTIMATED RECEIVABLES TO COMPLETE THE FINAL DISTRIBUTION IS 227 MILLION.
Three months after, on monthly report of July, August and September, 35.8 million came in.
Estimate…… 227M - 35.8 = 191.2
191.2 million more to be paid by various affiliates in Asia and Europe is expected to finalize the distribution.
YOURE ONE OF COTTON FOLLOWER THEN LOOK AT YOURSELF
PLC is LBH IN UK
EXPECTING PLC IN UK RESPONSIBLE TO PAY LBHI DEBT?? —- MORONIC
OUT OF REALITY
Some people are.
RE.. x1F4EC;🌹⛓️💰
Don’t get mad. People are confused on who to listen to. They are so easy to be confused every time they hear from you that money is coming to them. It happens almost every year for fourteen years but the morons still never learn.
RE: WHAT SOMETHING COTTON?
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IT IS SO OBVIOUS COTTON IS LOOKING ON LBH PLC WHICH IS A NON CONTROLLED AFFILIATE IN UK.
HE IS BARKING UP A WRONG TREE!
A NON CONTROLLED AFFILIATE IS A SEPARATED BUSINESS INDEPENDENT FROM THE MOTHER COMPANY.
They do their own business and it is now under “administration” IN ALL SEPARATE AND DIFFERENT LAW ENVIRONMENT.
Cotton is connecting all of its actions to LBHI.
HES BEEN DOING THIS FOR ABOUT 14 YEARS NOW GIVING FALSE HOPE TO THOSE WHO DONT UNDERSTAND.
HIS FOLLOWERS NEVER LEARN TOO IN 14 YEARS.
RE: And another sign is LBHI reorganized in 2012 and operating.
CORRECT!!——
THEY ARE THE AFFILIATES INDEED.,
RE: Lehman to reorganize
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To reorganize, LBHI will need a fresh capital. The possibility of a new capital is from the creditors themselves. In fact about 90 percent of all creditors are the affiliates and they received about 90 percent of about 130 billion distributions. The ten percent are mostly small holders and they are all paid satisfied in full.
If LBHI will cease to exist, the unpaid debt (129B liabilities subject to compromise) will become a complete loss for the creditors.
Rather than just accepting the loss, The creditors may decide to capitalize LBHI and turn all unpaid debt to equity stocks.
Or, .. may discharge part of it and utilize the discharged part as NOL. (Losses).
Creditors who owns the new Capital will then become in control and the majority owner of the company.
The good part is that the existing equity holders are the owners of the existing 50B NOL. This existing 50B NOL therefore can be joined with creditors own NOL that can be utilized by LBHI as a going concern.
THE 50B NOL IS NON TRANSFERABLE. THE ORIGINAL OWNER (equity holders) ARE THEN SAFE AND CANNOT BE ELIMINATED. Commons may become heavily diluted by Creditors Capitalization but all preferred vehicles will stay on its Face values.
ONLY IF LEHMAN STAYS AS A GOING CONCERN
There are indeed some good signs of LBHI will continue to exist as a going concern.
Number one is they filed a Chapter eleven instead of chapter seven.
Secondly is they put all equity in escrow in order to avoid the change of ownership that will void NOLs value.
RE: The CTs' Trusts must hold something:
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WHAT SOMETHING COTTON?
All asset is distributed and still, THERE IS UNPAID 129B debt!!
DONT YOU UNDERSTAND A SIMPLE THING LIKE THIS??
OMG!!!
RE: LBHI is currently aware of LBH's assets and in any assets held by any of LBHI's controlled or non-controlled affiliates.
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ABSOLUTELY! But they failed to get all of it because UK decided to pay Ecaps themselves despite of the fact that the surplus money should go into hierarchy process of distributions.
RE: They made a decision to pay Ecaps but LBHI mother company fought against it and lost in UK law.
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AS A MATTER OF FACT LBHI PLC WAS NOT IN BANKRUPTCY. It was just obliged to liquidate due to the mother company (LBHI) chapter eleven bankruptcy process. The PLC can afford to pay ecaps themselves by its own surplus money that is suppose to be going to the mother company as part of the distribution process. LBHI LOST THE CASE.
RE: MAKES DECISIONS INDEPENDENT FROM THE MOTHER COMPANY.
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LBH PLC IN UK IS A NON CONTROLLED AFFILIATE. They made a decision to pay Ecaps but LBHI mother company fought against it and lost in UK law.
IT IS NOT LBHI DECISION TO PAY ECAPS
RE: LBHI OBLIGATION IS TO PAY ALL ACCUMULATED INTEREST ..,
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Forget the guarantee from cotton. He’s been hallucinating for 14 years about it giving false hope despite of the lost in case filed in the past by the three stooges (I think cotton was one of them)
Now, cotton is barking a wrong tree by looking in LBHI IN UK which is a NON-CONTROLLED AFFILIATE THAT MAKES DECISIONS INDEPENDENT FROM THE MOTHER COMPANY.
RE: Wanna liquidate our shares?
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As a going concern (hopefully) LBHI is not obligated to liquidate Cts until maturity date. LBHI have the option to liquidate in any time they choose but the chance will be very small because they will need to preserve its money in order to operate.
They will rather generate and sell new Cts and Preferred plus common shares in IPO to produce more capital.
LBHI OBLIGATION IS TO PAY ALL ACCUMULATED INTEREST TO GET OUT OF DEFAULT AND OPERATE AS A GOING CONCERN.
MONTHLY OPERATING REPORT IS 21 DAYS DUE.
We’re they holding it?
Holding for some reason like they aren’t ready to disclose something like the receivables of 227M is now on LBHI hand??
For the reason, the 227M will be the last asset to distribute in order to close the POR.
NO NEED.
CTs have no claim against LBHI. It is the trusts responsibility to claim Cts as a debt. Your CTs is an equity preferred against the trust. It is the trust that will give you dividend through your broker once the claim or interest is paid.
RE: October 10, 2023 Re Lehman Brothers Holdings PLC
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STILL BARKING UP A WRONG TREE,
LBH PLC IS A NON CONTROLLED AFFILIATES
SEPTEMBER MONTHLY OPERATING REPORT…
…. 19 DAYS OVERDUE NOW…. What’s holding it??
Some important information maybe??
Read your own post
TD AMERITRADE GENERALIZED THAT ALL NON ACTIVE STOCKS ARE WORTHLESS… A BIG MISTAKE IN THEIR PART. Now, all my J shares in escrow is back after telling them at Swab that if this things are not resolved, I will have no other choice but to make a report to the Security Exchange Commission or maybe talk to my lawyer,
RE: Does the non-cumulative CTs
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All CTs are cumulative
RE: past due dividends.
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It is so clear tha it says “non commutative”
RE: trust have the right to claim and they did as Claim 10-B
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Cont;
If the trust claim 10-B is paid, then you have to receive your equity dividend.
But, LBHI as a going concern is only obligated tp pay interest. LBHI is not required to pay the capital in face value until the maturity date of each CTs.
RE; going to email my proof of claim..
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You have no claim against LBHI on any CTs.. “TRUST PREFERRED” that you own is an equity stock against the tust.
Only the trust have the right to claim and they did as Claim 10-B
THE MONTHLY REPORT
is now 18 days delayed. ???
We should see if the 227M for the final distribution is available.
RE: qualified as a debenture trustee.
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What is the qualification of the trustee?
Re: their job on behalf of CT holders.
What job?
RE: SUBMITTED
UNDERSTOOD 14 yes ago.
It is then labeled 10-B
Re: Although my main question is this dividend for north Americans?
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THE ANSWER IS NO!!!
Not for LBHI CT HOLDERS
YOU WONT GET PAID PERIOD
ITS A SIMPLE SECOND GRADE MATH..
THERE IS NO MONEY !!!!
FOURTEEN YEARS AND STILL DONT UNDERSTAND THE SITUATIONS.
THE MORONS keeps barking up the wrong tree.
RE: Only idiots think fraud isn't part of the syste
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FOX NEWS is the right place for you to go to become famous
HA HA! You will be very famous by exposing the largest financial fraud in US history.
You can be one of the whistle blower of the largest financial crime.. The best move you can do is make a report to Fox News.
RE: Tell that to PWC in London England
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IRRELEVANT
RE: HEHE With all the cash generated by affiliates the case should close..
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I think it will be a waste of time to argue with your mindset..
My last word, Try to educate yourself in business fundamentals.
RE: One thing I've learned about this BK. Nothing is known... Especially the balance sheet.
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It only means you don’t understand what “balance sheet” is.
RE: I think you missed the part
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I was not born yesterday.. TRY TO FIND A AUDITED BALANCE SHEET IN THE STOCK MARKET.
RE:! 227 M from affiliates is a drop in the bucket. They likely haven't reported billions.
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Then you’re saying LBHI is committing a fraud to the public, to Sec, to IRS, under the conspiracy of the bankruptcy Judge.??
And you will be the whistle blower of this biggest financial crime. Maybe the best place to go is to the FOX news.