Individual Investor
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Weird!
Sorry.
It was in a news forwarding service.
They are usually current but I didn’t check this one close enough.
mojo
Thanks, Jersey. I don’t know much about that area and saw dry county mentioned in a wiki reference.
Didn’t mean to shock you. Thanks.
IMO, my investment position is in ‘abeyance’.
With the volume that trades, it is likely I won’t be able to fill many orders.
So, the fees would pile up which is why I didn’t do it last year.
I opened a new account in Canada & contacted another merchant bank in Europe.
So, I’ll see what they say next week.
Dry town?
Hey Jersey!
What do you know about Pemberton?
What is done can not be undone without ‘losing my bait’.
mojo
Are you saying buy more after 15 years of not working because they are cheap?
If LBHI survives and CTs & Preferreds are re-instated, I’ll be a millionaire.
I might not live to see the day but I would be a millionaire whether they have a legal basis to move forward or not.
mojo
And, you are stating 1. LBHI has not died of cancer and 2. LBHI can still survive and go into remediation but it hasn’t and flautes the 5 year deferment period & global corporate guarantee with the courts approvals.
It’s like when will the NY Courts stop over charging Trump? Will it ever stop?
mojo
You're discussing symptoms real777.
Do people make fortunes trying to mitigate symptoms? Sure they do.
'Last' was supposed to be within 5 years of bankruptcy or 2013. What happened to 2014, 2015, 2016, etc. Oh, yeah . . . those are the Court mandated 'stays'.
If the focus of the BK was to restructure LBHI into a leaner, going concern, it could have been done by now.
Instead, they put all the creditors in-line with rules the Seniors had to be bought out instead of paying back debt to a point of viability and carrying the rest with new business.
Cancer symptoms can be apparent all over the body given enough time from increasing antigen counts to blood cancer to weakening bones to changing blood cell type counts and lymphoma. Same with weakening bones.
However, the real cause of cancer occurs sometime in the mitochondria metabolic process when the ATP energy process changes to ferment compounds in cancer cells. Medicine hasn't always been able to stop this from occurring but there is success denying cancer cells the fuels to survive which, often with western medicines, can kill cancer cells until they are not present in further tests, called remediation.
I think LBHIs cancer could have been stopped years ago. Instead, we are still working with restrictions and searching for a solution.
You might think the cancer symptoms are delaying a resolution until further notice while you hang on, do your job & hope for a better day.
mojo
You know, toogood, there is usually little agreement on this Board so I’m not surprised by your question.
LBHI could have sold assets to pay down principal then carried the existing debt while continuing operations and restructuring out of bankruptcy.
They chose not to, obliterating the deferment agreement and losing billions at fire sale prices.
But, there is distress in some commercial markets today.
I hope it resolves soon. Good luck! mojo
Since I have owned these LBHI Capital Trusts, the DOW has gone from $7,000 to $38,000+. BTC has gone from $100 to $60,000+.
How many billions of LBHI assets have been absconded at fire-sale prices to pay Senior creditors?
The point is assets could have been sold until the debt service was covered.
They didn't choose to conduct the bankruptcy this way.
Let's hope they didn't do it for a good reason so Lehman will have a bright future going forward.
mojo
What is funny today, jersey?
Cow jump over the moon?
Still reading the posts after all these years.
mojo
I don't like it either, cotton, but I remember Paulson saying Barclays would receive incentives.
So, hopefully, they are picking up what they need to close and re-position.
Good luck.
Some spicy board posts today.
Like watching LBHI & WGM bash investor clocks on top of 14 years of burnt calendar embers.
Nice, huh?
DJN,
Are you saying JPM can now finish their acquisition of Lehman?
Maybe they will send me a proposal for my CBDC model, wealth program and FDIC regulatory project, too.
They have the information and all the WAMU, Barclays & Bear Stearns information, too.
However, what Brian Rosen did in Court was beyond the pale.
mojo9
What liabilities are you talking about?
I think Russia may be due civil liabilities for the Nord Stream sabotage.
What else?
The hope of a more democratic and capitalistic Russia negotiated with Gorbachev & Reagan has deteriorated for years, unfortunately. Same with the hope of Billy Graham's evangelical outreach as well as optimism surrounding Putin at his inauguration.
Some say it was Clinton & Dick Cheney who wanted to expand NATO, secure more military bases in Europe and discourage trade with Eastern communist regimes.
Then, came the internet and online trading platforms and the hope this would open communist regimes to capitalism. Nope! The resistance to Russia's economic prosperity for their people was denied and NATO bases and threats continued while Starbuck's, Burger King, Nestle and numerous other chains were permitted to operate in Russia until the invasion of Ukraine, Eastern Europe's breadbasket and, now, a desired area for NATO expansion after years of Russian rule, occupation and cultural majority.
Most all US corporates inside Russia were left behind with Russian re-branding, the eventual outcome of GS & JPM EM growth strategies to show improving numbers for the Street. The West bought Russian oil & gas but far less than India, China and other Countries that didn't vote down Russian plans for energy development.
Then, US officials and family members accepted bribes in the Ukraine while accusing communist leaders and oligarchs of corruption. Beyond the pale.
Until the Reagan & Gorbachev hope returns, until the transformation of Graham's evangelism becomes true for all, Ukraine could stay a wasteland, the Crimean Peninsula and Eastern Ukraine will stay a bridge for warm water Navy access and Russia will look East and South for economic development.
Putin will use the US corruption of Burisma & Uranium One as an excuse to reject the West, look East and secure Russia's plans while cheering with glee at interest rate and economic disaster if and when it occurs while US defense contractors and investors seek returns in the US military using Ukrainian mercenaries in their proxy war.
How much more insulting can I be to US officials and investors unable to conceive of a way to work constructively with different governance structures and the needs of the Russian people? Many will continue to be surprised after misunderstanding and misunderstanding of a land far away.
Could Lehman be a 'linchpin'? There are significant roles to play but LBHI needs to be back in business. If Russia was truly antisemitic they would have likely extinguished the Jewish enclave of Odessa by now; they probably left that for the neo-Nazis of the Azov Battalions as Russia has no appetite for it.
All of this should have been prevented. It could have been so much different but there is still hope. mojo9
What's up, my Trade Dogs?
Why TD Ameritrade is running commercials instead of Schwab?
Anyone? mojo9
If it is called for Vegas, it has to be after November and before April.
Triple digits for the next 10 days after a month of triple digits with triple digits scheduled for most of August & September.
The only break is going to be for some monsoons that might last a day or two at the most.
mojo9 mojo9 mojo9
cotton,
Yes, this explains why the deposit was required by JPM when Barclays hired them.
It also explains why Barclays agreed to assume corporate liability guarantees in their purchase agreement.
There are 12M 'Fs' not 120k; maybe it's a typo.
However, BNYM's list of Lehman Subordinated Notes totals $10.176B including the subordinated CTs.
How do these preferreds on JPM's list get paid ahead of the BNYM subordinated?
Maybe, this is why we haven't been paid.
Good luck! mojo9
Jersey,
Who would go to the White House and give off a message like that?
Why does Jill Biden have so much money in her name?
mojo9
Yes, JPM issued many CTs.
This post, however, identifies none of their cancelled CTs as Lehman.
There are other CTs that called or re-structured over the years after Dodd-Frank.
Good luck.
mojo9
Godfather,
The CTs are guaranteed cumulative instruments with a deferment period for 5 years.
During the deferment period, the coupons were re-allocated to Senior creditors.
After 5 years, all coupons are to be paid back to the CT holders and re-instituted as defined in the syllabus.
This has not been done which is what is causing all the consternation.
Good luck. mojo9
Exactly what part of a Christie Presidency is going to help resolve LBHI BK?
Anything?
I'm underwhelmed with Schwab.
Do I need to call customer service?
What are they going to show me?
mojo
Question!
What is going to be a bigger pay off?
LBHI CTs or the Nord Stream pipeline investors?
You’re putting the “chicken before the egg.”
If they don’t control spending, regulate meaningfully and administer growth policies, the Fed could double their rates and not get inflation under control.
They need to prosecute the corruption.
We have to do better.
mojo
Bond market reacted well today.
MR,
The claim is a valid claim.
The claim will be resolved when they resolve the claims of that class and not before.
mojo9
I just finished.
It takes 5 - 10 minutes.
mojo9
I try to understand, too, jersey but they're all lawyered up and don't respond to me except whatever is posted on this board.
What did Mrs. Brame say at the NY hearing yesterday? "They treat us like garbage?"
If we don't like what is happening with the risk-reward, we should leave and do other things.
It is why I post very little.
Good luck jersey. Enjoy the week! mojo9
2nd attempt.
Why WOULD a fund value suspended shares at FV + cumulative coupons until 12/30/23?
mojo9
Jersey,
Why a fund value suspended shares at FV + cumulative coupons until 12/30/23?
mojo9
cotton,
Both the Avalon Bay & Intel positions look like they both went to BlackRock since BlackRock are listed as holders for approximately the same percentage or value.
This Vanguard valuation seems speculative and not marked to market; consequently, I don't understand the application of their valuation.
Why post these transactions? Were the positions closed with proceeds distributed to Senior claim holders or not?
As far as Vanguard, what is the reason they would post a value for a security position that has not been marked to market?
That is my understanding.
Thanks. mojo