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RE: CT’s have a right to preferred equity.
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What’s your reason to like changing it rather than stay as CTs?
Also, No capital is a scam. SEC protects the public from buying worthless stocks.
RE: Price of stock is zero.
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The SEC won’t even allow it.
RE: They can just reorganize a company and sell common stoc..
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Ha ha.. The market will know LBHI have no capital. Price of stock is zero.
RE: all debt will be discharged.
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Creditors will be unhappy. And may lose the motivation to Capitalize the new LBHI.
But if we expect creditors to capitalize LBHI, creditors will have the majority ownership of the company. They will be the one to decide on what to do with the unpaid debt.
RE: some believe all debt will be discharged.
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The large size of debt will cause the stock worthless if all converted into equity. My guess is it will be partial conversion, partial cancellation and some will stay as debt. Nothing is wrong with it as long as both parties agree.
RE: can classes 10A-11 receive the j shares and LBHI then discharges the the remaining debt of class 3-9B,
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It seems illogical to discharge the remaining 3-9B debt while classes 10A-11 is converted to J.
Just my opinion.
RE: Only ECAPS 1-3 have this advantage ..
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It actually doesn’t matter to us CT and preferred holders. What’s important is LBHI stays as a going concern.
And base on the decision about 17,000,000 shares, or otherwise there is no need to do it;
LBHI IS COMING BACK!!!!!!
I remember in the early days of this bankruptcy, I use to sing..
I WANNA BE A MILLIONAIRE
By BRUNO MARS
RE; shares remained available to be issued as of the Effective Date (as defined below).
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Ok then it looks to me that beside the initial public offering, there is 17,000,000 shares allocated to Ecaps and CTs .
But unfortunately, “SINCE THEY WERE HOLDING A LARGE AMOUNT OF SURPLUS MONEY” they all want to be paid in cash. And their advantage is it’s in their own territory with their own justice system.
LOL!! That is life.. who knows If they know someone that knows someone and both are holding their own ecaps??
RE: 17 million @ $2500 each
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I’m only looking at the prospectus. The initial public offering of 25 dollar J is 66,000,000 “depository shares” equivalent to 660,000 regular shares @2,500.
While the total available regular shares is 24,999,000 at 2500. Which is equal to 62.5B.
I’m not aware of anything that followed after this but it was issued not long before bankruptcy filing.
THE ‘J’ SERIES
There is 24,999,000 “regular preferred” ‘J’ shares at 2,500. The total FV is 62.5 B
1/100 of 2,500 of “J” series is the $25. “Depository shares” that we have now.
Initial IPO was 66 million shares @ $25.
Total = 1.65 B
62.5B minus 1.65 B = 60.847 B
THE TOTAL FACE VALUE OF THE UNSOLD ‘J’ SERIES IS 60.847 B
BUT DONT BE EXCITED TOO MUCH. ALTHOUGH IT WAS LONG APPROVED BY SEC, it’s just a piece of paper until sold and paid by the investors. Also, Selling in IPO will be slow. It will need Sec approval in per batch in every IPO.
RE: which could become $42,500,000,000
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No way, if that is true, the remaining unsold from 60B will be just about 18B??
I believe it’s a lot more than that.
From 60B total face value of J, as I remember, the J (sold) present in the OBS is just about 10 percent or less.
RE; Over 17 million
Maybe in Billion of existing J in the obs??
So the unsold J is approximately 43B of face values??
I’m just being lazy to look back in the prospectus … lol
TOTAL AMOUNT
Including the 215 M receivable, The total amount of LBHI money for final distribution will be 289M. But some amount is restricted and allocated to operating expenses, taxes, reserve for disputed claims and others.
RE: NOTHING TO WORRY
Remember, That the remaining 215M to be received is not coming from just one but certain number of affiliates in Asia and in Europe.
SO, WE DONT WANT TO THINK AGAIN OF CONSPIRACY TO CONTROL THE 215M
NOTHING TO WORRY
BK was filed and POR was written, approved by all parties and by the bankruptcy court.
POR main goal is to distribute all remaining asset until creditors are satisfied in full.
We just don’t know when but very close to completion because according to quarterly report, the remaining 215 M to be distributed is still in affiliates hand. LBHI is just waiting to receive it.
Understand that every one of those affiliates has their own reason on why those payments are delayed. The 215 M is in fact, just the remaining amount from the 18.454B that was agreed to be paid by various non controlled affiliates in Asia and in Europe.
RE: THE REMAINING BREAD CRUMBS
CANT wait for the December MOR to see if those remaining bread crumbs (215M) from affiliates will come in to LBHI for the next distro.
LOOK AT THOSE TRANSFER OF CLAIMS
The banks are still trading on the unpaid debt!!
RE: theoretical study if I’m not mistake..
Mistake.. It was my study.. lol!
RE: SOOO MANY!!!
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I don’t remember the exact figure but we can approximate it from the approximated 60B minus the existing ‘J’s under escrow. Or what we called OBS.
The details can be found in ‘J’ prospectus.
RE: How many of these unsold J's do they hold?
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SOOO MANY!!!
For sure some people here knows
RE: this is America and we own it.
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You can have it.
But not the CT payments.
RE: We have a right to be frustrated at this..
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Go back to the court with your team and make a protest.
RE: Even if its speculaton.
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YOU CAN MARK THIS WORDS;
It is just a speculation but for sure someday, somehow, in the near future, LBHI WILL PUT THOSE UNSOLD “J”s INTO USE.
RE: SELL IT WHATEVER PRICE YOU CAN SELL!!
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JUST A PURE SPECULATION;
IF IT HAPPENED LBHI IS CAPITALIZED AND SURVIVED AS A GOING CONCERN.
IN ORDER TO RUN ITS BUSINESS, LBHI MAY PRODUCE ADDITIONAL CAPITAL (they need it) BY PUBLIC OFFERING OF NEW BATCH OF PREFERRED SHARES FROM THE UNSOLD “J’s” (at face values and they have plenty of it).
SO “FIVE BUCKS (or even ten) IS NOT A SMART SELL BECAUSE MARKET PRICE WILL JUMP TO OR CLOSE TO ITS FACE VALUES.
MORE THAN 120 BILLION DOLLAR LOSS OF CREDITORS MONEY.
AND 50 BILLION LOSS FROM LBHI (NOL)
THAT IS NOT A JOKE!!
But Colton still insisting the guarantee that he don’t even know the details.
And still thinks that he deserves to be paid in full face values of 25 dollars on his J “preferred equites” that he bought in pennies.
OMG!!
Where are the brains??
RE; THE 5 BUCKS WOULD BE GOLD.
Sell it at 5 bucks if you want.. not my problem.
But before you can sell it, LBHI must survive first. THAT IS IF SOMEONE WILL PUT A NEW FRESH CAPITAL TO START A GOING CONCERN.
SELL IT WHATEVER PRICE YOU CAN SELL!!
RE: He makes post-petition decisions too.
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IT IS NOT A DECISION..
IT IS RATHER BASED ON MY KNOWLEDGE FROM EXPERIENCE AND EDUCATION.
I
RE: SMART?
LBHI signed the CTs Holders' Guarantees
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YOU DONT EVEN UNDERSTAND THE GUARANTEE!!! YES. IF THERE IS GUARANTEE TO PAY YOU, STILL, IT IS ALL CREDITORS MONEY. !! NOT YOUR MONEY!!
THE CASE DID NOT EVEN WIN IN COURT!!
And if LBHI lawyer is stupid to let you win,
EXPECT ANOTHER LAWYER FROM THE CREDITORS TO FIGHT YOU!
IT IS THEIR OWN MONEY!!! THATS ALL WAS LEFT IN THIS BANKRUPTCY!!
RE: IS THAT SMART?
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AND FOR SURE, THE CREDITORS ARE NOT STUPID TO ALLOW YOU TO GET THEIR OWN MONEY!!
RE: toogoodfella posted,
Js will not get a single penny...
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It is a one plus one equals to two.
Use your second grade math if you have it.
NOT A SINGLE PENNY ON THE DISTRIBUTIONS.. NOTHING!!! NADA!!!
UNLIKE WHAT YOU AND THE THREE STOOGES WHO THINKS YOU DESERVE TO GET PAID IN FULL VALUES WHILE THE SENIOR CREDITORS ARE LOOSING BY A HUNDRED BILLION.. IS THAT SMART?
RE: WITHOUT NEW OR FRESH CAPITAL, LBHI WILL CEASE TO EXIST.
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BUT THERE IS HOPE of new fresh capital.
Creditors may capitalize LBHI to at least recover more from the unpaid debt of about 120B. They (creditors) are capable to capitalize LBHI.
THE 31B CLAIM AGAINST ITSELF BY LBHI. We don’t know the details of it. But there is a possibility that this money will become part of new fresh capital.
RE: BETTER THAN FIVE BUCKS!
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BUT STILL NOT GETTING IT FOR FIFTEEN YEARS. LBHI WILL BE COMPLETELY BROKE WHEN CREDITORS ARE SATISFIED IN FULL.
CTs will not get a single penny unless a new capital gets into the company and start as a going concern. Then LBHI will be obliged to pay all deferred interest to completely get out of default.
WITHOUT NEW OR FRESH CAPITAL, LBHI WILL CEASE TO EXIST. Then we will get nothing.
RE: Gimme 41 cents on a dollar, that’s $10.25/
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BETTER THAN FIVE BUCKS!
RE: That's what you think.
STILL NO IDEA ABOUT CORPORATE LAWYERS.. I DID NOT SAY THEY ARE NOT CROOK BUT FOR SURE THEY ARE ON YOUR SIDE!
Now, I will not explain it further. It is not my obligation to educate anyone.
RE: lawyer are liars
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Typical lawyers around neighborhood.
YOU HAVE NO IDEA ABOUT CORPORATE LAWYERS.
RE: In your mind all lawyers image is a devil image.. 👿 😈
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THE OLD AMERICAN PREJUDICE
RE: Somehow, someway somewhere.
There is an attorney involved.
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In your mind all lawyers image is a devil image.. 👿 😈
“CORPORATE LAWYERS” are not the kind of lawyers you normally see in the neighborhood.
RE: Why would they distribute crumbs and not want to finish?
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Don’t you get it?? Remaining crumbs in LBHI perspective. But it is millions in perspective of the paying affiliates. And as I said, Every one of them has their own reasons to delay payments because they also have their own monetary problems.
It is the lack of understanding that makes people to have the wrong assumptions indeed.
RE: STOP BLAMING LAWYERS
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THE REMAINING RECOVERY OF 215M is just the remaining amount to be paid from the agreed 13.23B payments to LBHI.
LAWYERS ARE NO LONGER INVOLVED HERE SINCE IT HAS BEEN “AGREED” TO BE PAID BY THE AFFILIATES.
“STOP BLAMING THE LAWYERS”