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RE: still need affiliates to Pay up.
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Where did you see this?
RE: 3. or announce a complete dissolution of LBHI?
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No one will be happy. Everyone will get zero after the 15 year wait..
RE: 2. Will they announce a going concern too?
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Payments for the deferred interest is immediate if LBHI decides to stay as a going concern. LBHI needs to get out of default completely.
Every CT holders will be happy.
ALMOST CERTAIN…
…That the 28th distro is the final.
But there is a remaining cash reserve for payments to be made to some creditors or affiliates.
The question is;
1. Will they announce the completion after the distributions right after the distro?
2. Will they announce a going concern too?
3. or announce a complete dissolution of LBHI?
Remember, LBHI is now broke and will need a fresh capital to stay as a going concern.
The only possible source of fresh capital are the creditors themselves (as I explained before) in order to stay as a Lehman despite of ownership change.
RE: TooGood, at this point could some subsidiary be discovered to have more cash?
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Estimated cash for distro is 320M
But there is a reserve of about 142M. (Taxes, operating expense, restricted unrestricted cash investments)
The remaining available for distro is about 178M
The April 4 distro is 176.7M
Instead of just listening to coach tequila, you should know what you have bought.
Stupidity for fifteen years and still don’t know the magnitude of the largest bankruptcy in history.. Lower level of thinking on how corporate lawyers work. How they get into such level, Undermining the board of directors.. all the executives, Why it took fifteen years. And.. BANKRUPTCY COURT.
Stop wining. No one will try to delay a business.
MAYBE:
There is only about 165 M on February MOR. We will not see the March MOR until the end of April but obviously, some additional money came in on March for LBHI to distribute the 176 M. It means the money is even more because there should be some reserves for operating expenses, taxes, and some reserves for disputed claims.
This maybe the last distro.
REPOST:
THE 28th DISTRO
WILL BE 176M
IT MAYBE THE FINAL FOLKS
THE 28th DISTRO
WILL BE 176M
IT MAYBE THE FINAL FOLKS
RE: what are the parameters that affiliates return cash/profits ?
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It was just the remaining amount of about 14 BILLION to be paid.
Re: Voluntary Dismissal" by the Plaintiff LBHI...
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The way you post, you don’t even know who is the plaintiff and who is the defendant!!
RE: So Ordered Stipulation and Order signed on 2/27/2023 of Voluntary Dismissal
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That will release the reserved/restricted cash for the next distribution.
Another good one!!
RE: They seem to be making small.payments.
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It is coming from ten different non controlled affiliates .. didn’t I said that?
HOW CAN YOU BE SURE IF ALL OF THOSE AFFILIATES HAVE ALL THE CASH AVAILABLE NOW??
RE: LETS HOPE FOR THE COMPLETE PAYMENTS IN THE NEXT MOR
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There are two more MORs to consider (February and March) before the next distributions in April 4.
The balance of 165.5 million may not be fully paid in February MOR and unfortunately, Since March MOR release is due at the end of April, We will not be able to see it before the distribution. (April 4)
That being said, if not fully paid in February, the possibility of the next distribution as a final distribution will remain as a guess.
REPOST WITH MINOR CORRECTION
MONTHLY OPERATING REPORT FOR THE MONTH OF JANUARY
29.6 MILLION CAME INTO LBHI
215 - 19.9 - 29.6 = 165.5
LETS HOPE FOR THE COMPLETE PAYMENTS IN THE NEXT MOR
DONT BLAME THE LAWYERS. ITS STUPID.
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REPOST:
RE: ON QUARTERLY REPORT ENDING OCTOBER 5.
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MOR THAT FOLLOWS AFTER OCTOBER 5 Shows 19.9 M came in from the non controlled affiliates.
215 - 19.9 = 195.1 M
But there are two more MORs to come before the next distro. Let’s hope that //all of the those affiliates pays at the same time.
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TODAY IS THE 27Th.
WE MAY SEE THE NEXT MOR TOMORROW THE 28th or after tomorrow the 29th.
LETS HOPE FOR A BIG PAYMENTS OF THE TEN NON-CONTROLLED AFFILIATES.
MONTHLY OPERATING REPORT FOR THE MONTH OF JANUARY
29.6 MILLION CAME INTO LBHI
215 - 19.9 - 29.9 = 165.2
LETS HOPE FOR THE COMPLETE PAYMENTS IN THE NEXT MOR
DONT BLAME THE LAWYERS ITS STUPID.
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REPOST:
RE: ON QUARTERLY REPORT ENDING OCTOBER 5.
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MOR THAT FOLLOWS AFTER OCTOBER 5 Shows 19.9 M came in from the non controlled affiliates.
215 - 19.9 = 195.1 M
But there are two more MORs to come before the next distro. Let’s hope that //all of the those affiliates pays at the same time.
——-//——-//———
TODAY IS THE 27Th.
WE MAY SEE THE NEXT MOR TOMORROW THE 28th or after tomorrow the 29th.
LETS HOPE FOR A BIG PAYMENTS OF THE TEN NON-CONTROLLED AFFILIATES.
RE:: If you're tell me I'm imagining something - no I'm stating facts.
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Your imagination is about the case unrelated to LBHI POR.. (in parity with cotton.. lol!)
LBIE IS A NON CONTROLLED AFFILIATES
I HOPE YOU KNOW WHAT IT MEANS.
What we need to see is LBHI to distribute all of its asset until creditors are satisfied in full.
You are barking up a wrong tree
TOO MUCH IMAGINATIONS!
MAKE IT SIMPLE. There is not enough money for creditors to be “paid in full” and therefore, no money at all for all subordinates.
Theres nothing you can do but hope that LBHI will manage to survive as a going concern because a debt will stay as a debt as long as LBHI is alive.
And read your prospectus to know your right to claim if the trust is cancelled.
IRRELEVANT!!!
IRRELEVANT TO LBHI BANKRUPTCY
RE: Why do a cancelled 'Thing' keep moving? Stop that!
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Where is the logic ?? Cancelled but moving???
Hmmmm???
Canceled but moving!!! LMFAO !
😂
Ask yourself Cotton.
PARITY PARITY PARITY!!
DONT BE OBSESSED WITH “PARITY”
DONT BE IN PARITY WITH THIS MIND IN PARITY.
PARITY IS FOR HIERARCHICAL POSITION IN THE DISTRIBUTIONS OF ASSET.
INDEED THERE IS NO DISTRIBUTION FOR TRUPS!!!
THERE IS 130 BILLION UNPAID DEBT
DONT MAKE YOUR BRAIN IN PARITY TOO!
REPOST:
RE: ON QUARTERLY REPORT ENDING OCTOBER 5.
——//——//—
MOR THAT FOLLOWS AFTER OCTOBER 5 Shows 19.9 M came in from the non controlled affiliates.
215 - 19.9 = 195.1 M
But there are two more MORs to come before the next distro. Let’s hope that //all of the those affiliates pays at the same time.
——-//——-//———
TODAY IS THE 27Th.
WE MAY SEE THE NEXT MOR TOMORROW THE 28th or after tomorrow the 29th.
LETS HOPE FOR A BIG PAYMENTS OF THE TEN NON-CONTROLLED AFFILIATES.
RE: Banking is the next shoe to drop with Bitcoin.
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Every possibility is possible but I cannot imagine how the existing debt of 25 dollars will be affected by it. On every trups, You basically lended your 25 dollars to LBHI (by theory). “A debt of twenty five bucks will remain a debt of twenty five bucks”
It has its own contract “prospectus”
RE: But why do we keep looking..
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Obsession
RE: buying sports cars and 30 year old girlfriends ;)
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I prefer 36
Two 18 year old twins
18 + 18 = 36
RE: The answer is for the tax advantage of LBHI.
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In addition,
CTs as a debt against the trust.
A debt but still available in open market trade as equity
BTW SWISS,
The question is why did they stablished Trups as an investment vehicle? What is the major reason?
The answer is for the tax advantage of LBHI.
LBHI pays “interest before taxes”
But they will pay “dividend after taxes”
RE: Why keep the debt when they can eliminate it and exchange it for shares
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Whatever is written in the prospectus.
They can convert it into equity if the CTs are convertibles.
RE : the trust can be dissolved
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Yes. But it doesn’t mean it’s going to happen. It depends on LBHI decision if needed for business strategic reason.
They may or may not do it.
And still doesn’t matter for us.
RE: yes and it states the trust can be dissolved and the holders of the preferred shares will recieve the subordinate debentures.
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Ok then, the trust can be dissolved and the holders will receive a subordinate debenture.
It only means the trust will no longer represent us. We are now claiming directly our “subordinate debenture” against LBHI.
With the trust, the trust claims the debenture against LBHI and the Ct holders claim equity against the trust.
Without the trust, holders will claim the same debenture straight against LBHI
RE: The preferred stock?
Those converted into preferred stock is probably convertibles in accordance with the prospectus. (A guess)
But my point is trups is not affected by it.
Trups has its own prospectus to be followed.
RE: But they have parity with the CT’s
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It only means the same level of hiearchical position in the distribution of asset.
But there is even no asset to be distributed on its level.
RE: ECAPS 4-5 are LBHI guaranteed
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I don’t care too much. It has no effect on what we have here.
It’s between Trups holders and LBHI.
And between Ecaps holders and LBHI
I don’t think they will affect each other.
RE: TOO TECHNICAL
In a way Ecaps is considered. You can just forget what’s going on in UK. LBHI will do whatever is necessary with CTs, convertibles, equity preferred and common.
Convertibles will be replaced by equity
Ttrups will stay as trups
Preferred will stay preferred
Common will be “big time” diluted
THERE YOU GO!!
He was very patient waiting us to post so he can post on top of our conversations
WHAT WHAT?? 😂
The exchange is the conversion itself!!
What what Swiss 😂
RE: Just exactly!! Conversion of the convertibles.
Btw, this action is for the better of the company. Not for the better of the holder.
Holder will now receive “dividend” instead of “interest”
Interest is an obligation while dividend depends with the company’s profit.
No profit, no dividend
RE: By exchange the subordinate debentures for preferred stock
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Just exactly!! Conversion of the convertibles.