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FOUR TRUPS PRICES TODAY
0.0003 cents each.
NOTHING TO WORRY BECAUSE IT IS NOT THE OFFICIAL MARKET PRICE.
Market price will be establish only if the stock is in open market.
The few activities we see today is from the market makers just to keep it alive. It’s because the system will see a non moving stock as a worthless stock and may automatically remove it.
It has happened in our equity stocks before to exempt the stocks in escrow.
RE: Equities own it. It cannot be transferred to anyone.
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If transfer of NOL ownership is allowed by law without loosing its value, (just in case)
Creditors will take it and all equities will be discharged.
I said “will” two times.
RE: Fourth, All equities are in escrow to protect the NOL.
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NOL IS THE ONLY HOPE!!
Our hope for all equities on not to be discharged in this bankruptcy.
Equities own it. It cannot be transferred to anyone.
RE: I GUESS WE WILL KNOW WITHIN THIS YEAR.
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There is many reasons to think LBHI will be recapitalized;
Number one is that the creditors will not be happy to completely lose the unpaid claim of about 130 B.
Secondly, Ten percent of creditors are the affiliates and they received about ninety percent of the 130B distributions.. (they have money)
Third, it is Chapter eleven.
Fourth, All equities are in escrow to protect the NOL.
RE: Too good where did you read about the recap of Lehman ?
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It’s just an assumption or else we all loose in this investments and we will not be in this chat.
THATS WHAT WE ARE ALL HOPING.
BUT NO ONE IS REALLY SURE IF LBHI WILL BE RECAPITALIZED TO STAY IN BUSINESS.
I GUESS WE WILL KNOW WITHIN THIS YEAR.
RE; maybe this year???
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Anything is possible at this time. You’ll never know if those affiliates will manage to pay the remaining cash flow before the next distros. Then we are all happy.
UPDATE:
From the Quarterly report of October 5 and the November 30 monthly report.
From 191 million down to 165.8 million is expected to be paid by various affiliates to LBHI in order to complete the final distributions.
RE: You are a programmer?
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Mostly in hardware but I can be on both.
And many more aspects of technologies.
RE: Toogood is or has been a CFO of a company that went thru bankruptcy. Am I close Toogood?
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Too far to be close Jim, My work experience is in technology.
RE: In addition to have the participating creditors agree to RECAPITALIZE the company.
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And in return, LBHI will take its time to maximize creditors recovery. It was indeed estimated about 65B recovery or maybe less if asset were liquidated quickly in chapter seven auctions. But the present amount of recovery now have reached about 129B in about 15 years.
RE: , the conversion of unpaid debt is negotiated…..
In addition to have the participating creditors agree to RECAPITALIZE the company. It is the most important part of the decisions to choose chapter eleven in this scenario.
RE: the discharge
of debt pursuant to the Plan generally would not
occur until completion of the liquidation.
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The debt will not be automatically discharged. It still the company’s decision if they will discharge or pay or convert the debt into equities. But in practicality, the conversion of unpaid debt is negotiated with the creditors even prior to bankruptcy filing. And that’s how they choose between chapter eleven and chapter seven.
RE: the "expert market"
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The small trades are usually being done by the market maker just to keep it alive or else will be removed as a worthless stock.
RE: FYI - bankruptcy is immune to all other courts…
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FYI. It is not about the bankruptcy law. It is rather an accounting data. The 227 receivable is indeed traceable back to billions of dollars that gradually decreased in payments.
Don’t be too stubborn.. BALANCE SHEET IS REPORTED TO THE SEC AND IRS.. INCLUDING THE PUBLIC. IT IS THE OFFICIAL DOCUMENT.
MAYBE YOU JUST DONT UNDERSTAND IT?
RE: The 191 million receivable
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It was indeed 227 million “agreed” to be paid by various affiliates in Asia and Europe. But only 36 million came in on three consecutive months after the last quarterly report.
Any potential recoveries under any litigation are not included in the estimate. The reason is that the court will not rely or expect anything uncertain to make a decisions.
RE: How am I speculating a statement they made?
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Someone’s statement does not mean anything. The official statement is the report they are submitting to the SEC, IRS and to the public.
RE: How am I speculating a statement they made?
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Where did you see the statement?
RE: They will never announce…,
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ITS YOUR SPECULATION
Read and comprehend the quarterly report.
191 MILLION FROM AFFILIATES
Cash flow estimate from various affiliates in Asia and Europe to complete the final distribution.
WAITING FOR 191 MILLION
Month of November, December monthly report is suppose to get out on December 30 and January 30. We should be able to see in those following months if the estimated 191 million from various affiliates in Asia and Europe is received by LBHI. Then, we will know if the next distribution is the final.
For now, nothing to expect until 2024.
“JUST ENJOY THE HOLIDAYS”
RE: No sign of our Interim Distribution from LBHI..
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DREAM DREAM DREAM
EXPERT MARKET
Anyone can be qualified in the expert market (I’m guessing) if the requirements are met. I believe they will just look at your net worth and trading experience.
Better ask your broker on how to get qualified.
RE: They stole it”
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Oh my!! WONDER HOW MANY EUROPEANS BOUGHT ECAPS IN SUBPENNIES???
RE: ECAPS 4-5 have a parity clause with CT’s
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The reason why it should not be paid like CTs.
But the “Europeans” demanded a payment and LBHI lost its case against it in “European” court.
“They stole it”
RE: Waiting on Final Draft in Epiq Docket:
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You’re just confused. Just wait for the final distribution so the POR must close, and then the Plan administrator will be out in 30 days. LBHI will take over. LBHI doesn’t even exist as long as plan administrator is in control.
GOING CONCERN
WHO IS ANNOYED?
LMFAO!
Is it annoying?? lol
RE: NOL i think the equity has to survive.CTs
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I explained it before. Equity will survive if NOL is utilized by LBHI as a going concern.
CTs will survive as a debt as long as LBHI is alive.
ONLY IF LBHI STAYS AS A GOING CONCERN.
IF LBHI ceased to exist, 129B LOSS for the creditors and all other debt including CTs and equites will get nothing.
Then, Who are the most motivated entities to make LBHI survive? Nothing else but those creditors/affiliates. 129B loss is not a joke.
JUST IN CASE
If LBHI came back as a going concern and you can’t wait the redemption date,
Easy solution, sell it at five bucks like what Jersey has said.. lol!
RE: Successors are stock and cash rich
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If you mean successor of the company (possibly creditors/affiliates) who will capitalize LBHI as a going concern, then, I already said, they are not obliged to pay until redemption date.
RE: Any new Successor is on the hook for the CTs' redemption price.
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NO ONE OTHER THAN LBHI IF LBHI STAYS AS A GOING CONCERN. BUT LBHI IS NOT OBLIGED TO PAY UNTIL THE REDEMPTION DATE. And where do you think the money is coming from if you expect payments now?
IF LBHI CEASED TO EXIST, CREDITORS WILL DECLARE A 129B LOSS. AND ALL LOWER CLASSES INCLUDING CTS.
Common sense… WHO IN THIS WORLD WILL TAKE THE RESPONSIBILITY TO PAY OTHER PEOPLES DEBT AND PAY IT????
RE: The proceeds (if there’s anything left) will only add up to the remaining distributions
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(IF THERES ANYTHING LEFT ON THE SURPLUS MONEY AFTER ECAPS PAYMENTS) the proceeds going to LBHI will only add up to the remaining distributions.
LBHI WAS AGAINST PAYMENT OF ECAPS. But they lost the case in UK court.
(I call it stealing on a “legal” way)
UK COURT AND UK HOLDERS AGAINST LBHI. They stole it.
ECAPS ECAPS ECAPS ECAPS
THE ONLY FINAL RESULT ABOUT ECAPS IS THE AMOUNT OF PROCEEDS TO LBHI
LBHI POR IS NOT EVEN AFFECTED BY IT.
The proceeds (if there’s anything left) will only add up to the remaining distributions.
FOR ABOUT 15 YEARS, ALWAYS IRRELEVANT TO THE ACTUAL LBHI BANKRUPTCY POR.
POR IS THE ONLY RULE…. NOTHING ELSE… IT MUST BE COMPLETED.
A REPOST:
RE: fighting BIG MONEY AND BIG THIEVES.
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WHO IS TRYING TO STEAL MONEY??
Is it the creditors who lost 130 BILLION DOLLARS OR THE PENNY INVESTORS WHO THINK THEY DESERVE TO BE PAID IN PROFIT???
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THE ANSWER TO THE QUESTION IS MAYBE THE ECAPS ITSELF. THEY THINK THEY DESERVE IT AND THEY WIN IN EU COURT.. (their own territory)
ECAPS ECAPS ECAPS
BARKING A WRONG TREE
THE ONLY THING AFFECTED BY ECAPS CASE TO LBHI IS THE AMOUNT OF PROCEEDS OR THERE MAYBE NO MORE LEFT FOR LBHI.
LBHI PLC IS A NON CONTROLLED AFFILIATE. IT MANAGE ITS OWN BUSINESS INDEPENDENT FROM LBHI.
RE: fighting BIG MONEY AND BIG THIEVES.
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WHO IS TRYING TO STEAL MONEY??
Is it the creditors who lost 130 BILLION DOLLARS OR THE PENNY INVESTORS WHO THINK THEY DESERVE TO BE PAID IN PROFIT???
RE: means LBHI AKA " The Creditors Committee" is stealing our Monies again..
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Go file a lawsuit..
TELL THE MEDIA.
ITS A CRIME!!
RE: when they will pay interest..
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Wrong question.
Better ask if LBHI will survive in this BK