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YOU ARE THE ONE
RE: unusual price action..
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There is no official market price if there is no market trading. The price you’re seeing is not the same price when expert market trade. UNKNOWN at this time.
RE: Since CTs have dual positions..
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Wrong perception.
CTs is an equity preferred from the trust.
The trust lend the money to LBHI.
CTs only claim is against the trust. The trust pays CTs if LBHI pays the borrowed money by LBHI.
Don’t expect LBHI will pay. LBHI is broke and will try to preserve the new capital to operate but they cannot get away paying interest or else will stay in default.
RE: Like you say, 'it's been 15 years'. One would think they would know by now??
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No one can be sure until POR is closed
RE: con·trol
As the majority owner of the company by capitalization. They will have the control of the company.
Stop playing with the word “control”
Yes. there are different meanings but you have to use the most applicable to the situation.,
LBHI IS BROKE AFTER ALL ASSET IS DISTRIBUTED
To reorganize, LBHI will need a fresh capital. The possibility of a new capital is from the creditors themselves. In fact about 10 percent of all creditors are the affiliates and they received about 90 percent of about 130 billion distributions. The 90 percent of creditors who received about ten percent of the distributions are mostly small holders and they are all paid satisfied in full.
If LBHI will cease to exist, the unpaid debt (129B liabilities subject to compromise) will become a complete loss for the creditors. “129 BILLION LOSS”
Rather than closing LBHI and just accepting the loss, The creditors “may” decide (big possibility) to capitalize LBHI and turn all unpaid debt into equity stocks… Or, .. may discharge part of it and utilize the discharged part as NOL. (Losses).
Creditors who owns the new Capital will then become in control as the majority owner of the company.
(I HAVE SAID MANY TIMES NOL IS THE ONLY HOPE)
The good part is that the existing equity holders are the owners of the existing 50B NOL. This existing 50B NOL therefore can be joined with creditors own NOL that can be utilized by LBHI as a going concern.
THE 50B NOL IS NON TRANSFERABLE. THE ORIGINAL OWNER (equity holders) ARE THEN SAFE AND CANNOT BE ELIMINATED. Commons may become heavily diluted by Creditors new capital investment but all preferred vehicles will stay on its Face values.
“ONLY IF LEHMAN STAYS AS A GOING CONCERN”
REPEAT:
“ONLY IF LEHMAN STAYS AS A GOING CONCERN
There are indeed some good signs of LBHI will continue to exist as a going concern”
Number one is they filed a Chapter eleven instead of chapter seven.
Secondly, They put all equity stocks in escrow in order to avoid the change of ownership that will void NOLs value… NOL IS PROTECTED.
In practicality, everything is supposed to be negotiated with the creditors even before the POR is written and tailored to the negotiated Plan.
TRUPS:
The interest payments (about 15 years deferred) must be paid immediately before or after a going concern is announced to get out of default.
AGAIN:
“ONLY IF LBHI WILL STAY AS A GOING CONCERN”
I have been saying these many times in 15 years.
RE: ii. Meeting of creditors’ committee: PLC Administrators to ….
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STILL IRRELEVANT TO LBHI
LBH PLC IS IN UK. A NON CONTROLLED AFFILIATE OF LBHI
THERE IS NO OFFICIAL MARKET PRICE AT THIS TIME ON THE EXPERT MARKET.
Market price is established only on actual market trading.
RE: UK HAVE NO JURISDICTION !!
WHERE IS THE TOFU BRAIN?
RE: The POR cannot over-ride a Court Judgement,
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POR WAS WRITTEN APPROVED BY THE CREDITORS AND LEHMAN COMMITTEE, APPROVED BY UNITED STATES BANKRUPTCY COURT.
UK HAVE NO JURISDICTION !!
WHERE IS THE BRAIN?
THERE IS A POR THAT IS STRICTLY BEING FOLLOWED BUT WHY SOME PEOPLE HERE ARE EXPECTING SOMETHING ELSE?
WHERE ARE YOUR BRAINS PEOPLE!!
RE; ALL CAPS
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INTENTIONAL ..
ALL IRRELEVANT TO LBHI DEBT !!!
RE: LBH PLC HAVE NOTHING TO DO WITH LBHI’s DEBT!
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Money is coming!!!
Cotton did it again.
Usually before Christmas almost every year for fifteen years.
I REMEMBER IT. Really.
DREAM DREAM DREAM DREAM DREAM
BARKING UP THE WRONG TREE
THATS WHAT IT IS… EXPECTING LBH PLC TO PAY LBHI DEBT!!!
Where is the logic thinking??
LBH PLC IS INDEED A NON CONTROLLED AFFILIATE. IT RUNS AND MANAGE ITS OWN BUSINESS ON A DIFFERENT LAW ENVIRONMENT AND INDEPENDENT FROM THE MOTHER COMPANY.
LBH PLC HAVE NOTHING TO DO WITH LBHI’s DEBT!
I GOT MINE !! 1,687,500 !!!
HAHAHA!!!!!
😝
ALL HALLUCINATIONS
WHATS THE MATTER??
DID NOT COMPREHENDED MY POST??
HALLUCINATING TOO??
ARE YOU TALKING TO ME??
LMFAO
I HAVE BEEN SHOUTING YOU WONT BE PAID ON YOUR CTS MANY TIMES IN FOURTEEN YEARS,… BTW,, where you from???
STILL HALLUCINATING !!
RE: Distributions Made by GP1 or Made by LBH or Made by ______ to.... ECAPS' or CTs' Holders Accounts. ✔️
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PETERS DEBT IS NOT JOHNS OBLIGATION TO PAY.
STUBBORN!!!!
LBHI’s POR CANNOT BE VIOLATED!!
PAYMENT OF CTS OUT OF POR WILL CAUSE LEGAL PROBLEMS WITH CREDITORS
DONT HALLUCINATE !!
PAYING CTS WILL CAUSE LEGAL TROUBLE WITH THE CREDITORS.
Comprehend!!
IT IS CREDITORS MONEY
RE: But what the hell do I know!
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I DO KNOW SOMETHING.
HALLUCINATION IS THE PROBLEM
RE: December 8th the UK affiliates are paying $237.5M.
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WHY KEEPS BARKING UP A WRONG TREE??
AS OF JUNE 30 QUARTERLY REPORT
THE ESTIMATED RECEIVABLES TO COMPLETE THE FINAL DISTRIBUTION IS 227 MILLION.
Four months after, on monthly report of July, August, September and October, 36.3 million came in.
Estimate…… 227M - 36.3 = 190.7
190.7 million more to be paid by various affiliates in Asia and Europe is expected to finalize the distribution.
THE LAW OF NATURE
If you don’t stop the hallucinations you’ll be a complete cuckoo forever.
RE: He owns CTs only.
He owns lots of “J”
OBSESSION WITH THE WORD “GUARANTEE”
There is even no violation against it.
RE: This is not a bankruptcy
STILL IN HALLUCINATION??
RE: LBHI can just use it's 10% of $AVB to pay us all $50 the moment LBHI is allowed to..,
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You don’t even know it’s impossible to pay CTs. You probably forgetting the POR is still being followed and cannot be violated.
RE: once LBHI is able to operate
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Obviously you are not even reading my posts. I’ve been saying the same for fourteen years.. ONCE LBHI IS BACK GOING CONCERN.. I EVEN EXPLAINED HOW THEY MAY DO IT WITH AN EXISTING UNPAID DEBT AND BEING BROKE.
RE: BEING UPDATED EVERY QUARTER.
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You probably don’t understand what balance sheet is for.. then you of course wont even know how to read it.
RE: Also 129 B in debt? They were 26 B assets above liabilities in Sep 2008.
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It is your source that is questionable. You are looking in the past. While BALANCE SHEET IS MY SOURCE AND BEING UPDATED EVERY QUARTER.
RE: LBHI payouts in the UK High Court Report Nov 29 2023.
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Not even a billion… LBHI IS STILL IN DEBT OF ABOUT 129 BILLION!
RE: 37 per share after 15 years?
Principal not included Jim. At six percent in 15 years, The total interest of 25 dollar principal is 22.5
RE: So you’re telling me there’s a chance…
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I’m just hoping LBHI will stay as a going concern.. CTS IS A DEBT against the trust. A debt is a debt as long as LBHI exist. No need to pay it now but it will be back in the market if LBHI stays. LBHI obligation is the interest payments to get out of default.
RE: US CT Payments.
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LOL!!! WHAT PAYMENTS???
For fourteen years, You should able to learn that after about 130B distributions, there is still about 129B unpaid debt!!
FOURTEEN YEARS!!!!
RE: Exception to the rule….
Tell my cellphone not to repeat the mistake if that’s more important for you.
RE: If the UK affiliates are paying $237.5M, that exceeds the $191.2M expected
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THAT IS “IF”
Better leave them the sophisticated accounting and just look at the results being presented in the quarterly and monthly report.
The only reason for paying ecaps in UK is because they win the court case.
But they aren’t suppose to in accordance to LBHI procedure.
Ecaps is then an exemption to the rule.. JUST BECAUSE THE COURT FAVORED THE EUROPEAN ECAPS HOLDERS.
ONLY THE ECAPS..,
RE: Subordinated Notes means, collectively,
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That’s your own meaning. They will pay ecaps yes. But not all subordinated notes of LBHI.