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RE: someone really wanted to get in on the ECAPS
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You probably learned this from Cotton.
RE: December 2025. But in reality it looks like it absolutely will go the distance.
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Who really knows if the 227M is completed in the delayed September monthly report ?
IT WAS AMENDED.
The excerpt below was posted many times in fourteen years while cotton was so busy with his irrelevant cut and paste.
Plan trust will be terminated 30 days after the final distribution
OR
Will be cancelled in December 6, 2025
( my interpretation is in assumption of all distribution is not reached)
And remember on my other post, LBHI is still waiting for the receivable of 227 M from various affiliates in Asia and EU.
EXCERPT:
SECTION 7.1(a) OF THE PLAN TRUST AGREEMENT (THE “PLAN TRUST AMENDMENT”) TO PROVIDE THAT THE PLAN TRUST SHALL TERMINATE ON THE EARLIER OF: (I) THIRTY (30) DAYS AFTER THE FINAL DISTRIBUTION OF ALL OF THE STOCK DISTRIBUTIONS IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT, THE PLAN AND THE CONFIRMATION ORDER AND THE CANCELLATION OF THE PLAN TRUST STOCK AND (II) DECEMBER 6, 2025.
RE: TD removed my 3 preferred stocks.
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I believe it was a mistake on how it was programmed in the computer. The computer will sense all stocks without any trading for certain period of time to decide if the stock will be cancelled. The mistake was they did not put the escrowed stock into exceptions.
One of the person I talked with on Swab said to me that escrowed stocks should not be removed.
Call Swab to help you
RE: Does it mean that OBS (class 12) will have no value.
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No one knows until POR is closed.
All equities will have its values if LBHI stays as going concern with the NOL to be utilized. Commons will be heavily diluted to almost nothing but still stays. Preferred will stay on its face values.
The main reason is that NOL is non transferable and the true owners are the equities.
NOL IS THE ONLY HOPE
RE: According to her, CTs are not stocks and so their income cannot be considered as dividends.
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It is indeed a stock but not an LBHI stock.
LBHI pays “interest” to the trust and the trust pays the holders with the “dividend” because it is a Trust’s “interest income”. ALL CTS are indeed equity stock of the trust.
ANYONE?
Anyone here owns J shares using TDAmeritrade??
RE: I was told 525esc712
Correction: 525esc711
I called TDAmeritrade
I was told 525esc712 or “J” shares was removed as ordered by TDC. They will continue to remove it on all account even after the transfer to Swab. Although, all the records will be kept and can be re-stated if it happens LBHI is back. The decision was from DTC
Say your comments.
DTC Client support no. 888-382 2721
DID ANYONE
Did anyone managed to have their Preferred equity ‘J’ shares back after the removal in 7/13/23???
Anyone??
RE: not reflecting in the market ??…..
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Forget the deep theory.. There is no market activity, therefore no market price.
RE: ECAPS are getting money in being class 10
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It is not LBHI decision to pay Ecaps. I explained it many times before.
RE: affiliates are ongoing businesses not bk chap. 7
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One of the best clue..
Is there any more???
RE: TooGood', Yes, That Is 100% Accurate ! ! .
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Not really.. EVERYTHING IS JUST AN ASSUMPTION IF LBHI WILL STAY AS A GOING CONCERN..
Like Jersey said,
WHO REALLY KNOWS?
then, you make your own assumption based on any clues you see.
ECAPS IS UNRELATED!
RE: When POR will close
THE PROBLEM IS WHEN TO CLOSE?
(I repeat, Ecaps case is unrelated)
The problem is the remaining cash for distribution of 227 million to be received from various affiliates in Asia and in Europe since June 30, 2023.
They received only 8.1M in July and in 3.4M in august.
We just have to wait.
RE: arrange trades between a single entity
for tax or nefarious purposes
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OK I WILL MAKE A SHORT RESPONSE.
Indeed, all taxes have a reserve cash or part of the restricted cash in the balance sheet.
Forget the theory for now!!
Just wait for the POR to close.
RE: in the expert market.
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“Self explanatory”…
Only those big investors are allowed to buy or trade by a negotiated volume and price.
Indeed, market price do not exist unless if there is market activity.
BE SIMPLE!! DONT LISTEN TO MANY IRRELEVANT THEORIES.
HALLUCINATION IS MOSTLY THE PROBLEM… LOL!
INDEED, THE ONLY HOPE IS IN THE NOL!
LMFAO!!! :)
RE: When POR will close?Any ideas.
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Only assumptions of LBHI will stay as a going concern. Then, all your shares will go back in normal trading. Also, the deferred interest must be paid or else LBHI is still in default.
RE: LHHMQ 1.9 million shares traded on 10/9/2023
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Those are probably new shares sold by LBHI in the expert market. They have to generate capital if they will stay as going concern. I don’t think it was sold by a holder at present market price. The price today is indeed not a true market price because trading is not allowed.
RE: Please see JWN's Post... The Litigation parties reached a "Settlement Agreement"
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It is the 227 M receivables we must wait to close the POR. Ecaps case have nothing to do with it.
READ THE QUARTERLY REPORT!!!
RE: Gimme 3.26 (years) of this and THAT IS (Jersey's) $5 per share!
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Isn’t it stupid to accept 5 bucks if they are obliged to pay a lot more?? AND THEY WILL IF THE INTENTION IS TO CONTINUE THE BUSINESS OPERATIONS.
WHERE IS THE BRAIN???
ITS JUST THE UNDERSTANDING HOW A SIMPLE SYSTEM MUST WORK THAT IS NOT BEING COMPREHENDED HERE.
SURE IT IS 14 YEARS OF CONFUSIONS.
WELL, GIVE ME THE REST IF YOU DONT WANT IT.
RE: feeling well with your brain..
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Just want to to wake up to see reality.
RE: know my stuff, don't worry
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NO YOU DONT
WHERE IS THE 150,000 shares you said you’ll give me????
RE: Gimme 3.26 (years) of this and THAT IS (Jersey's) $5 per share!
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LBHI will not do less than full or else, they’ll stay defaulted. Also, many lawsuits will happen.
Business is business.
RE: say that there's a lot of money for everyone...
DID YOU COUNTED IT?
RE: Compound interest ?1 ?time(s) annually ?Make additions at start end of each compounding period ??Results ?Future Value: $ ?3,806,602,937.04
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OMG!! Cotton. “COMPOUND INTEREST” OR “SIMPLE INTEREST” ???
There is big difference between the two.
The TRUPS INTEREST IS ABOUT 6.1 PERCENT PER YEAR “SIMPLE INTEREST”
All you have to do is multiply the 6.1 percent to number of years.
At your example of 1.2B X 6.1 X 14 years plus 1.2B = 2.2248B
Or 2,224,800.00
VERY SIMPLE!
“COMPOUND INTEREST” OF 6.1 Percent:
Will have a total of 2,749,138.50.
In compound interest, the unpaid interest also make interests.
RE;: I can give you my 150,000 shares and let's see how you can end it once and for all..
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Ha ha! REALLY??? Yes!! I will take it..
Just let me know how and when you’ll do the transfer??
Seriously, I can even pay the expense and the market price.
RE: even if you have said it for 14 years you are not God
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If there is no money, then there is no money. YOURE NOT A THREE YEAR OLD ASKING AND INSISTING YOUR MOMMY TO GIVE YOU A CANDY.
RE: Sure… pay off CTs in full..
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I HAVE SAID MANY TIMES IN 14 YEARS CTS, PREFERRED, COMMON WILL NOT BE PAID.
RE: This is in response to those who say common shareholders will be left high and dry
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It cannot be separated with the non transferable NOL. Also, common is used as the underlying value of all Preferred shares.
RE: Lehman was left with 93 percent of Neuberger’s preferred equity and 49 percent of its common stock
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It is clear to me now. Thanks.
Correction;
It’s not Nomura.. it’s neuberger rather..
But still don’t make sense.
RE: The Firm purchased/redeemed all of LBHI's preferred and common shares shortly after March 6, 2012. LBHI's Creditors received their cash in a distribution.
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I don’t see logic in this statement.
“The firm(Nomura) purchased/redeem all of LBHI’s preferred and common shares”
Shoot!!! If that is true, why my ‘J’ shares are not purchased?????
HALLUCINATING AGAIN COTTON?
RE: AND MOST CREDITORS ARE LEHMAN AFFILIATES
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AND THOSE ARE CONTROLLED AFFILIATES OF LBHI AND THEREFORE, LBHI IS STILL PART OF IT.
JUST A THEORY
GUT FEEL
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ITS BECAUSE CREDITORS WILL RETAIN 49 PERCENT OWNERSHIP
AND MOST CREDITORS ARE LEHMAN AFFILIATES
RE: I have a gut feel …
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I also have the gut feel. But I don’t think “curb out” is the right term. I believe it’s just a transfer of ownership of the company with the same entity and still operate as non-controlled affiliates of LBHI.
RE: On September 22, 2008, Nomura Holdings announced that it had agreed to acquire Lehman Brothers' franchise in the Asia Pacific region, …. Etc.
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HELLO JOYCE, I have read this before and thought it was bad news. But now I realize that it maybe very positive because it may stay and operate as LEHMAN with new fresh capital. It seems to me that only “franchise” ownership have changed. Since these are all “non-Controlled” LBHI, The same holders will stay and only the majority changes.
‘WHAT dot you think ???’