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RE: they eliminate the debt and everyone is happy
How ?
RE: LBHI could have sold assets to pay down principal ..,
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There is 130 B unpaid debt..
Make your magic.
RE: They didn't choose to conduct the bankruptcy this way.
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The remaining asset was estimated 65 Billion.. But they recovered 129B after about 15 years.. What do you mean they didn’t do??
RE: LBHI discharges its debt and does not have to pay CTs (everyone’s biggest fear right?)
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THE FEAR IS FOR PEOPLE WHO DOESNT KNOW HIS RIGHT.
IT IS THE CREDITORS RIGHT TO FORGIVE AND DISCHARGE THE DEBT AND NOT THE OTHER WAY AROUND.
it’s not easy to discharge the debt if LBHI will stay as a going concern. A debt is a debt as long as you (borrower) is alive.
YOU CAN RUN BUT YOU CANT HIDE. I will chase you anywhere you go…
UNLESS YOU DIED (chapter seven bankruptcy)
Now that is a sure discharge when the dead man pay his taxes.
TOO TECHNICAL SWISS
They don’t want more headaches.
CTS will remain Cts..
preferred will remain preferred
Convertibles will be converted to preferred equities.
Less problem, less chance of possible lawsuits.
WOW! ITS A LEAP YEAR!!
On February 29th, we should see the January MOR. Let’s hope the ten non controlled affiliates will make final payments to complete the remaining balance of about 195 M.
Not impossible if there is a dead line before the next distribution in April.
LBHI LETS NOT WASTE TIME!! START THE BUSINESS AS SOON AS POSSIBLE!!
TIME IS MONEYYY!! Put the deadline if there is none!!
RE: Dang you guys are so freaking smart!
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It’s in the eye of the beholder Jim. In fact, For about 15 years, some guys are still confused on who to believe with.
😂
RE: however it DOES NOT prohibit the issuance OR listing of notes (debt).
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Nothing wrong with this. The company can borrow money as long as it can pay the interest or meet the agreed payments with the creditors.
RE: It seems a loophole is in play because section 1123 prohibits non voting capital
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Not a loophole Swiss. It’s understandable because any non voting stock is just a vehicle. A vehicle without passengers. So to speak.
The passengers will be the “fully paid common stocks” but the common stocks at this point is “nothing” until market price is established in the open market.
In other words, any new nonvoting stocks (preferred equity) is worthless. SEC won’t allow it.
RE: LOL! What does oester mean?
Just missed the J when I copied from your post.. Joester??
RE: oester!!!
Where’s highway? Where’s mellowbird? Where’s moneyrobot?
WHERE ARE THE THREE STOOGES?
WHERE ARE THE THREE STOOGES?
WHERE ARE THE THREE STOOGES?
Cotton must answer!
RE: oester!!!
Where’s highway? Where’s mellowbird? Where’s moneyrobot?
oester!!!
Where’s highway? Where’s mellowbird? Where’s moneyrobot?
oester!!!
Where’s highway? Where’s mellowbird? Where’s moneyrobot?
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
“IT IS COMING TO LIFE”
RE: My hope is they all pay before the next distributions.
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Another hope is there should be a deadline in payments. Because no business man will be happy in the delaying of business.
NOTE: WATCH COTTON WILL POST AFTER THIS Just to show he can piss further.. 😂
RE: A paltry sum.
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Agree.. but that maybe just from one affiliate out of ten.
My hope is they all pay before the next distributions.
RE: If all pay 215 millions do CTs get anything. TIA..
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No one knows. We are just hoping POR to close and see if LBHI will stay as a going concern business.
Then, we will know.
RE: "I wonder who the Unfortunate Retail
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MM buy and sell against ITSELF
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.
lol!! No need to say it. My upper case is just to attract attentions.
RE: “REMAINING CREDITORS RECOVERY”
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PAGE 13 LEGAL PROCEEDINGS
“EXCLUDED RECOVERIES”
RE: “ESTIMATED REMAINING CREDITORS RECOVERY”
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MORE EMPHASIS WITH THE WORDS…
“REMAINING CREDITORS RECOVERY”
RE: he lawsuits are what’s dragging this
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READ READ READ AND COMPREHEND
THE “CASH FLOW” .. Page 4
AND THE ..
“ESTIMATED REMAINING CREDITORS RECOVERY” 289M….Page 5
ON QUARTERLY REPORT ENDING OCTOBER 5.
PART OF IT IS 215M CASH FLOW ESTIMATE TO BE RECEIVED FROM AFFILIATES IN ASIA AND IN EUROPE.,Page 4, 9.
THE REST ARE RESTRICTED FOR TAXES AND OPERATIONAL EXPENSE ETC.
IT IS A “OFFICIAL REPORT”
NOT JUST PIECE OF ARTICLE.
“POR SAYS DISTRIBUTE ALL ASSET UNTIL SATISFIED IN FULL”
IT DID NOT SAY FINISH ALL CASES UNTIL CREDITORS ARE SATISFIED
Second grade math.
RE: All creditors who want the LBHI going concern will pay the rest of the creditors from their pocket now, as the final distro
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LOL.. ASK THE BANKRUPTCY JUDGE.
Im the wrong person to ask.
RE: It sound like you selling hope to hopeless.
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IT IS MORE HOPELESS TO WAIT UNTIL ALL LITIGATIONS ARE OVER.
RE: WHO KNOWS IF THEY ALL SEND PAYMENTS AT THE SAME TIME DUE TO A DEADLINE????
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AND IF THE PAYMENTS ARE NOT COMPLETED BEFORE APRIL DISTRO,
WE CAN ALMOST BE SURE IT WILL HAPPEN BEFORE THE END OF THIS YEAR OR AFTER THE FOLLOWING DISTRO IN OCTOBER.
POR SAYS DISTRIBUTE ALL ASSET UNTIL CREDITORS ARE SATISFIED OR PAID IN FULL.
It doesn’t say finish all litigations until creditors are satisfied.
POR WILL CLOSE IF THE REMAINING RECEIVABLES OF 215 MILLION IS RECEIVED FROM TEN AFFILIATES IN EUROPE AND IN ASIA FOR THE NEXT DISTRIBUTIONS IN APRIL. (Ecaps case is not included)
To this date, Only 19.9 million was received by LBHI. But there are two more months to come before the next distributions. WHO KNOWS IF THEY ALL SEND PAYMENTS AT THE SAME TIME DUE TO A DEADLINE????
MARKET MAKER
An electronic market maker is a firm that provides prices on electronic trading (e-trading) venues and continuously submits limit orders to buy or to sell.
A designated market maker is one that has been selected by the exchange as the primary market maker for a given security. A DMM is responsible for maintaining quotes and facilitating buy and sell transactions. Market makers are sometimes making markets for several hundred of listed stocks at a time.
RE: No the MM aren’t running a hustle to validate a worthless stock…
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MM IS NOT A PERSON
RE; IT HAPPENED IN ALL SHARES IN ESCROW BY SYSTEM FAULT.
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FORGET THE THEORY THAT SOMEONE IS TRYING TO STEAL YOUR J’s IN ESCROW
WHEN IT SUDDENLY DISAPPEARED.
IT WAS INDEED A FAULT IN THE COMPUTER BECAUSE IT IS WAS DETECTED AS A NON MOVING STOCK.
RE: Any stock to be delisted has to go through a process of paperwork
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It is all automatic. The system will detect a non moving stock and cancel.
IT HAPPENED IN ALL SHARES IN ESCROW BY SYSTEM FAULT.
There are millions of stocks to sort out. Only computer can do it.
RE: Exchanging the CTs debt for preferred stock
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HEY SWISS!
IF ANY OF THE SUBORDINATES are convertible in accordance with the prospectus, (opinion) IT WILL BE BETTER FOR LBHI (not for holders) To convert into equity.
Conversion to preferred equity will eliminate the obligation to pay interest regularly. Obligation will become “Dividend payments” depending the company’s decision to pay if the company made a significant profit for each year.
RE: That means no nickels changed hands.
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That is Every day..
The trades you see that happens once in a while is not a real trade. it’s just an action of the “market maker” to keep it alive in order to prevent a cancellation as worthless stock. At this point, there’s no official market price until it is being traded in the open market.
RE: TRUPS ARE SAFE!
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BUT AFTER THE LAST DISTRIBUTION, IF LBHI INTENDS TO STAY AS A GOING CONCERN, LBHI MUST BE COMPLETELY OUT OF DEFAULT!!!!!
Ha ha!! 15 years of deferred interest !!
WE CAN ALL SING BRUNO MARS SONG!!!!
RE: The company would gain capital through a spinoff/merger.
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LBHI WILL NEED A LARGE CAPITAL TO CONDUCT BUSINESS. They have nothing but NOL once creditors are satisfied in full.
An “outside merger” therefore will become the majority owner of the company. Yes it is possible but it will end up one hundred percent ownership if the “Non transferable NOL” lose its value due to the change of ownership.
Only creditors can take the majority ownership with the NOL still valid because of the “old cold debt” which is also considered LEHMAN by the IRS.
SHUT UP! I’m trying to explain it. Don’t add anything to confuse others.
RE: Also, I don’t think the debt can be easily discharged if LBHI will continue to exist.
It is the creditors right to forgive the indebtedness rather than LBHI to decide to discharge. (The reason why I believe CTS are safe)
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HEY SWISS!
In addition to this right, POR declared that the plan was “deemed to reject” by the subordinates. It just means the subordinates are not involved on any agreement between creditors and LBHI.
There maybe some discharge, some conversion and some will stay as a debt for strategic business reason. But the subordinates have nothing to do with it.
TRUPS ARE SAFE!
Exchanging the CTs debt for preferred stock would extinguish the debt which is the goal of bankruptcy
The company would gain capital through a spinoff/merger.
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The goal is to get out of default. Nothing is wrong with borrowing money as long as the borrower can pay the agreed interest.
Nothing is wrong either with gaining the capital from the creditors to partner with LBHI’s 50B NOL. (NOL is the only thing left and not even an asset until utilized)
Also, I don’t think the debt can be easily discharged if LBHI will continue to exist.
It is the creditors right to forgive the indebtedness rather than LBHI to decide to discharge. (The reason why I believe CTS are safe)
RE: at least additional 200M.
Not too lucky.
THE CASH CAME IN FROM THE NON CONTROLLED AFFILIATES. IS ONLY 19.1M.
We will wait for the next MOR. Hoping every one of those affiliates will pay at the same time.
RE: SEC protects the public from buying worthless stocks.
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Without Capitalization, LBHI will no longer exist as a corporation. It cannot be registered as a business.
THEN, WE WILL GET NOTHING AFTER WAITING FOR FIFTEEN YEARS.
TODAY IS THE 30th
We may see the December MOR today or tomorrow. We want to see if the Cash schedule is increased from 123.2M of the previous month by at least additional 200M. (Minus the expenses)
Then we can predict if the next coming distribution is the last one.
If not, there are two more months that can be observe until the next distribution in April.
January MOR and February MOR will be released at the ends of February and March.