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He told this to you in a phone call?
what a great reply!!!
"It is not the companies practice to issue un-neccessary press releases to the public in order to fluff up the share price of the stock"
and
"will only issue news or updates on developments when there is a valid reason"
ain't happening B
why do you think the pps will sink?
I like this part of the PR
Beta Testing Phase
The company has determined to end the beta testing phase as of May 31, 2014.
Minor adjustments to the existing 3 TH/s BTC Mining servers are continuing until beta testing completion with satisfactory results to date.
The company's BTC mining pool will be live as of June 1, 2014.
$$$$$$$$$$$$$$$$$$
what tour did you play on and your name?
These promotions are trying capitalize on PR's. They bought in this past week and trying to flip. Buy on rumor and sell on news thing. They usually are looking for a 10-30% gain on their money. That's why they say to their readers "Don't be greedy."
thank you
Gap is pretty wide you maybe right. Might be waiting on news. What's the resistance after .0041 is it .007?
So here are some articles on benefits of caffeine consumption.
http://www.menshealth.com/nutrition/health-benefits-caffeine
http://www.webmd.com/diet/news/20110506/new-clues-on-caffeines-health-benefits
http://www.womenshealthmag.com/nutrition/the-benefits-of-coffee?page=1
Hey Joe, been away from the lehnq board awhile. Just caught up on the postings, lol. I see they are still at it. Hey what happened to that magical Oct 3/4 day? They are funny. I really do enjoy your postings. Its like the U.S military vs the Boy Scouts. I see some of them keep stating that these CTs will be reaffirmed, or a new company will a merge from bankruptcy. Since I don't have interest in arguing with people who see and read only what they want to see and read. I have a couple of questions if you want to ask them. Why would Lehman reaffirm these Cts? Wasn't the purpose of issuing Trusts to raise capital for the company? So what kind of value does these trusts have for Lehman? If Lehman does become a new entity how does the new entity have any responsibility to old Lehman debt? Isn't that the purpose of bankruptcy, to release debtors from debt? Oh by the way here is a part of the prospectus on Lehn trust and they are the same through all trusts that some say about the guarantee is unconditional , page s4:
How are the preferred securities guaranteed?
Holdings will fully and unconditionally guarantee, to the extent set forth in the accompanying prospectus on page 21:
•amounts due on preferred securities to the extent the trust has funds available for payment of such distributions (the "guarantee"); and
•its obligations under the declaration of trust and the subordinated indenture (the document governing the subordinated debentures).
The guarantee does not cover payments when the trust does not have sufficient funds to make payments on the preferred securities. In other words, if Holdings does not make a payment on the subordinated debentures, the trust will not have sufficient funds to make payments on the preferred securities, and the guarantee will not obligate Holdings to make those payments on the trust's behalf. In addition, Holdings' obligations under the guarantee are subordinate to its obligations under all of its other liabilities
But I 'm sure you knew this already. Thumbs up to you Joe, wish you the best. I check in time to time.
Very nice hold at 6. I must be honest I thought there would be some pull back today. 9's, 10's will be here very soon.
accumulation. I don't see this having any problem reaching 9's-10's next month or two or perhaps sooner now that ceyy is starting to get reimbursed. Imo
Hey Luddy don't know what to say with the Nq board. I agree some are really hoping for a big payoff, and some are really delusional. just my opinion. I don't now why Joe keeps posting there, but it is very entertaining I say. Joe keeps posting and backing it up with links and facts, and they say its not true, he lies, and my favorite saying trying to shake "weak hands". I had Cts also but sold them off about a year ago. Full Face Value on Cts while creditors and bond holder got pennies on the dollar, yeah OK. I have shares tied up in the OBS J's and P's. unfortunately the OBS to me is like a convict on death row awaiting execution, and there will be no stay from the governor. Good Luck Luddy hope everything works out for you.
Hey Joe, in case there is any doubt in the minds of the who thinks their a millionaire board of what will happen to the obs and recovery for cts (but we knew this)
Page 6
Estimated
Recovery:
10A Subordinated Class 10A Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
10B Subordinated Class 10B Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
10C Subordinated Class 10C Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
11 Section 510(b) Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
12 Equity Interests in LBHI N/A Impaired, Not Entitled to Vote, Deemed to Reject
on page 84
10.10 Dissolution.
(a) A Liquidating Trustee and Liquidating Trust shall be discharged or dissolved, as the case may be, at such time as (i) all of the Liquidating Trust Assets have been distributed pursuant to the Plan and a Liquidating Trust Agreement, (ii) a Liquidating Trustee determines, in its sole discretion, that the administration of any remaining Liquidating Trust Assets is not likely to yield sufficient additional Liquidating Trust proceeds to justify further pursuit, or (iii) all Distributions required to be made by a Liquidating Trustee under the Plan and a Liquidating Trust Agreement have been made; provided, however, that in no event shall a Liquidating Trust be dissolved later than three (3) years from the creation of such Liquidating Trust pursuant to Section 10.1 of the Plan unless the Bankruptcy Court, upon motion within the six-month period prior to the third (3rd) anniversary (or within the six-month period prior to the end of an extension period), determines that a fixed period extension (not to exceed three (3) years, together with any prior extensions, without a favorable private letter ruling from the IRS or an opinion of counsel satisfactory to the Liquidating Trustee that any further extension would not adversely affect the status of the trust as a liquidating trust for United States federal income tax purposes) is necessary to facilitate or complete the recovery and liquidation of the Liquidating Trust Assets.
(b) If at any time a Liquidating Trustee determines, in reliance upon such professionals as a Liquidating Trustee may retain, that the expense of administering a Liquidating Trust so as to make a final Distribution to Liquidating Trust Beneficiaries is likely to exceed the value of the assets remaining in such Liquidating Trust, such Liquidating Trustee may apply to the Bankruptcy Court for authority to (i) reserve any amount necessary to dissolve such Liquidating Trust, (ii) donate any balance to a charitable organization (A) described in section 501(c)(3) of the IRC, (B) exempt from United States federal income tax under section 501(a) of the IRC, (C) not a “private foundation”, as defined in section 509(a) of the IRC, and (D) that is unrelated to the Debtors, such Liquidating Trust, and any insider of such Liquidating Trustee, and (iii) dissolve such Liquidating Trust.
http://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm#rom224677_4
Hey romgak, I have td. They didn't let buy any vmgi cause of the chill, but they would let me sell at any time, which I did sold out @.055 a while back. not sure what changed. Sorry about your losses that sucks.
Hey Joe. I have been reading the Lehnq who thinks their a millionaire board, it is very entertaining I must say. I won't post there anymore. cause well we discussed it before. I really hope some of them wake up and realize that some of these posters are pumping these stocks and are as long as a blade of grass. Anyway I wanted to let you know I received a call from the SEC today. They explained the whole LB cts. Everything we discussed and outcome is exactly what will happen. After final payment the OBS will be liquidated and poof the cts will be gone also. They also confirmed that MM's up-listed the cts not Lehman or any Trustee. Well nothing new that we haven't discussed, or already didn't know. Anyway have fun with that HES-A-SAP guy. Keep backing him in corner so I can watch him change the subject and runaway like usual. .
Anyone look at the Lehnq board classic p&d
I agree with your thoughts on the subject sometimes I get cross eyed looking at information. I'm a simply guy and ask simple questions. Like why would a company would want old debt like cts and why, what value does it have? It was the MM who did the listing. Email said so. Why? To make money, right? These trusp combined are worth less than the coupons you get in a Sunday paper. Anyway enough with who thinks their a millionaire board. I'll see at your website soon, keep fighting the good fight. Have a great day
Hey Joe just received this email what's your take, I guess Lehman or the trustee do control these shares. I may post over at nq board. I don't know looks like you and the others maybe both right, but still just don't see a recover.Imo
Thanks I will be at your website soon, thanks for the invitation.
Vincent
Please see my answers below:
How a stock can move from greysheet to pinksheets? – A market maker would either need to file a form 211 with FINRA and be cleared for quotation or file an unsolicited form with us and be cleared for quotation. For information on unsolicited quotes please visit http://www.otcmarkets.com/services/trading/faq#traderfaq12
I ask in regards to Lehman Brother's securities symbols Lhhmq, Lehlq, Lehkq. Does Lehman Brother's have to authorize such a move? – No, market makers do not need company approval to quote a security
And a more direct question Does Lehman Brother's control these securities anymore if not who does? – Yes, these all appear to be preferred shares and would be the responsiblitly of Lehman Brothers or their trustee
Best regards,
Ed McCann
Issuer and Information Services
Description: Description: Description: Description: cid:image001.jpg@01CBB1A7.1048C390
304 Hudson Street 2nd Floor
New York, NY 10013-1015
T +1 (212) 896-4471
edward@otcmarkets.com
http://192.78.139.147/share/email_icons/icon-linkedin.png http://192.78.139.147/share/email_icons/icon-facebook.png http://192.78.139.147/share/email_icons/icon-twitter.png http://192.78.139.147/share/email_icons/icon-stocktwits.png http://192.78.139.147/share/email_icons/icon-otcnews.png
Hey Joe, not sure you'll get this. I'm not a paying member so I'm writing here. I received your PM and totally agree, some I think are delusional and others are clearly trying to manipulate people into buying worthless securities. Their as long as a blade of grass. I'm pretty sure you know at least of one I'm talking about. Anyway its their money. Besides I think your to much of a classy guy to be posting on that Board. Hey I know this may be a bit of strange request, but would you be interested in giving pointers in trading? I do pretty good but you clearly are light years advanced in knowledge than I am. Anyway off to play golf. Enjoy your day.
Thank you Wayne. I may not agree with you but I respect your opinion and for answering a simple question. Unlike some who just throw out blanket statements and bash you for a difference of opinion and going against what was already decided upon.
Thank you Joe, I get it. My question was, why no one can put a little effort with all this assumptions, chasing their tails in a circle. Chanting "It was Lehman, It was Lehman". Someone can just type out a few coherent sentences on a simple form and wait for a reply. No one here knows and refuses to find out if it was Lehman. I just don't get the logic some here are saying. Creditors and Bondholders and the such, received pennies on the dollar recovery, but the precious Trusps are worth up 34 a share. What???????? The non dischargeable clause is unenforceable with Bankruptcy from my understanding.
Thank you for at least putting in the some sort of effort. Now can someone find out who is the company that authorized the up-listing. Was it JPM, Barclays, Joe's Boiler Room Trading Company?
Do you know who the trustee is?
your post right?
So, who do you believe? A fabricated e-mail or the official 'OTCMarket' website?
A company filed a 211 form right.
your post also?
To get quoted as a OTCQX, OTCQB and OTC Pink security, a COMPANY must find one broker-dealer willing to quote their stock on OTC Link® ATS. Only SEC-registered broker-dealers that are members of the Financial Industry Regulatory Authority (FINRA) can quote securities. The broker-dealer must file a Form 211 with FINRA in order to initiate the process. OTC Markets Group cannot recommend specific broker-dealers but a number of firms have asked to be included in our 211 Broker-Dealer List and welcomes companies to directly contact them to discuss making a market for their company. Click here to learn more about how to get traded...
I'll ask again
"So why don't you do an inquiry yourself if you don't like response. I have posted the link to others on the board, and yet none of you have posted an email inquiry with a response yet" and "Why don't you find out for everyone who filed a "211 form" and post your results here for all of us can verify"
Still waiting on who the trustee is?
"A fabricated e-mail or the official 'OTCMarket' website"
So why don't you do an inquiry yourself if you don't like response. I have posted the link to others on the board, and yet none of you have posted an email inquiry with a response yet.
Why afraid you'll get the same answer?
Why don't you find out for everyone who filed a "211 form" and post your results here for all of us can verify.
By the way can you tell me who the Trustee is? Since "I am taking a hiatus from this board...." won't answer.
penny4dollars Friday, September 06, 2013 4:22:58 PM
Re: mik1 post# 32453 Post # of 32511
The securities became quoted when a market maker began quoting them on an unsolicited basis. This was done by a market maker and does not be approved by the company
Best regards, ]
Ed McCann
Issuer and Information Services
Description: Description: Description: Description: cid:image001.jpg@01CBB1A7.1048C390
304 Hudson Street 2nd Floor
New York, NY 10013-1015
T +1 (212) 896-4471
edward@otcmarkets.com
Leaving without answering.
Who's Is the Trustee?
You said it yourself, "I have NEVER stated I do not know whom our trustee is"
"I have NEVER stated I do not know whom our trustee is"
So who is the trustee?
So filled it out? Lehman? MM? until someone finds out its just chatter....Beep, Beep.... to da MOOOOOON....
let me know when you get 25.00 + 9.00 divies.
The securities became quoted when a market maker began quoting them on an unsolicited basis. This was done by a market maker and does not be approved by the company.
Best regards,
Ed McCann
Issuer and Information Services
Description: Description: Description: Description: cid:image001.jpg@01CBB1A7.1048C390
304 Hudson Street 2nd Floor
New York, NY 10013-1015
T +1 (212) 896-4471
edward@otcmarkets.com
Here you go Cat if you don't if you don't like the answer then by all means write or call yourself
http://www.otcmarkets.com/home
Thank you for the clarification. I thought until final payment was made Lehman had not been discharged.
Ok fair enough
Your Always Right
Why don't you give it a try
You are funny :)