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Glad to hear this, JOVI.
I suggest you can keep her as your nomination for Ms. Juneteempf to commemorate the new Holiday!
Thank you.
mojo
jersey,
You are one of the few people who can put shi!!ing and weeds near each other in the same sentence and make it sound like it's almost gospel!
When is it going to end?
ECAPS is good, though, even if we should have been paid first.
mojo
This is why they don't answer their mail.
This is why they don't return phone calls.
This is why they don't keep meeting obligations with CT Trustees.
This is why they don't honor deferment periods and Corporate guarantees.
They want control then send out their bill on top of the gravy train that has been feeding them 13 years.
They have also been paying claims that are not guaranteed nor stand ahead of the subdebt.
Is this a surprise to you, newflow?
It is why they are concerned with clawbacks.
Many say first one to mention a number loses.
mojo
Fine.
If she is like Liz Holmes, she won't last long after the POR.
mojo
I like you, Jersey.
Like our Senator says, I like you because I like breakfast foods and straight answers.
mojo
jersey,
I have enjoyed open water swimming from time to time in my life.
At one time, I swam the SF Bay occasionally and qualified to swim the Golden Gate.
In one qualifying swim, I piloted a swim from Alcatraz back into the Cove at Marina Park. The club gave me a wet suit and a surf board to provide sag support.
So, they boat us out to Alcatraz at slack tide, blast the horns and all these guys who thought they were Jack LaLane started swimming back to the club as I got on my surf board and started paddling.
About 100 yards off the Alcatraz Beach, I got my first sag job. Another 50 yards, I picked up his buddy and I had 4 or 5 hanging on my board for most of the swim.
Was that you, too?
mojo
He planks & then does the Batfink 25 times.
Covid free.
He's Jack LaLane. . .
Are you a 2nd ID?
63?
3/15/2010?
Location?
Do I expect you to disclose the truth?
Arg,
Why Argus?
Why 63?
Why 3/15/2010?
Where are you operating from?
mojo
newflow,
There are some of the $45B in allowed claims with Corporate Guarantees.
However, $181B in Senior Debt Claims will be paid $129B in distributions by October, which is 71.2% on claims paid from 25-100% of allowed claims while others are paid nothing.
So, $97B in debt & shareholder equity remain with $55B in NOL, residuals & Court recoveries.
We need the jobs, tax revenues and financial services of a top 5 firm.
So, how are JPM, BNYM, Barclays, C & GS going to solve it?
I hope they will solve it soon.
mojo
edbk,
P.22:
"(1) Excludes claims LBHI holds against itself ($31 billion) and claims in Subordinated Classes LBHI-10A, LBHI-10B and LBHI-10C ($15 billion, collectively)"
So, it looks like we won't get the choice.
Am I wrong?
mojo
Starting to look interesting and am considering an entry point.
Hats off to those that bought < $0.01 as you've made money.
I had an OTC oil play go 1 for 10 twice and down under a penny to black out.
It now still trades on life support and, if I get shares back 100 for 1, I just bought a fortune especially if it goes back to it's all time highs.
I know the industry low cost for a barrel is $10. If EEENF is at $40 they can make money at these prices if the buyers are active and the lenders will back the drilling.
It costs BP $60+ a barrel on a deepwater rig and that's if they can keep it clean.
Maybe Greg Norman & Elle McPherson are big oil buyers for the Sydney Opera House.
Even if they reverse split 1 for 10, the stock would trade at $1.00 and could be a nice entry point with a lot fewer shares.
BAC had 12B OS but bought back. It could be good but the guys posting from a cold rig someplace don't get it, although they should be buying in between bites of Caribou jerky when they get a chance.
Good luck.
Ok but never split 2 10’s in Blackjack even if the Dealer shows 12.
With all the Tesla money, Jersey, I am pretty sure you’ll recover.
mojo
LOL!
You're here to stay with your foot on the pedal.
A bunch of us can't take our foot off the gas.
Been that way for years.
Feel free to message me with any ideas.
I'll be around.
Good luck. mojo
Are we making money yet, Argus?
I am pretty sure there is a room full of hammers in the basement at 767 where WGM employees go to bash in LBHI CT investor clocks.
5 year deferment period, toogood.
Yearly deferment meeting review minutes missing, too.
Enough.
They have had 13 years and should have used only 5, toogood.
cotton:
"This very act puts the CTs' claims into the hands of the CTs' holders in preparation to enforce their rights in court when LBHI terminated the CTs' subordinated guarantee by expunging 1725 claims, know as the error. Tell the IRS that LBHI does not claim our CTs as part of their tier capital."
What is the difference between the 2nd District allowing this to happen and Cuomo in his Office of Fraud & Document Falsification allowing COVID-sick elderly to enter Convalescent homes, a highly contagious environment, instead of Javits Center & the USS Mercy built out to their order exactly for this purpose?
They have gotten away with this for almost 13 years and should be out of their jobs.
But the problem is stox is 7 years too late with his threat and he knows it!
Arg,
<< My opinion is that we are still here because they need us but don't want to broadcast that or the reasons why.>>
Fair enough but these are publicly traded shares in a Top 5 publicly traded IB.
Now, a lot of these board administrators may be attorneys, fund operators, trustees & Judges trying to position themselves with their plans & schemes as they lick their plates on the gravy train.
At the end of the day, they will answer to Wall Street and the public domain and they should seek restructuring with this in mind to prevent claw backs.
If they don't want to, they should go do something else. They aren't qualified and they aren't the dealmakers we want.
As for my posts that are removed, I won't contest them but I don't agree with them.
If some of these post authors don't want criticism, be smart & accept accountability, get the deal done or go do something else.
mojo9
Alvarez & Marsal fired everyone years ago.
Who was supposed to generate the revenues?
Right you are.
You’re in debt and responsible for the billions.
So, pay it. That is your problem and a few of us are owed millions.
Lehman’s counter parties sit at the Discount window for 0% money.
mojo9
cotton,
If you owe someone $100, you have a problem.
If you owe someone millions and billions, they have the problem.
And, they come out on this message board in a water bed, leaking all over the bedroom floor, with their diaper open and pissing a tower.
And, that is when they aren’t tearing down our National monuments with corporate guarantees, parity clauses and $28B overseas.
You’d think our Trustees would have minutes of their required annual meeting but they don’t.
Good luck.
No, it wasn’t.
Yes, Mr. toogood, thank you for your POR lecture in bankruptcy.
It sounds like you have spent more time in bankruptcy than I have over the years.
We are all expecting additional class tomorrow if you remember any further material.
Thank you.
mojo9
Rooting for a LBHI prospectus with guarantees and parity clauses with Northeastern Trustee affiliates & Judges has become to be like rooting for a statue of Robert E. Lee or A. Lincoln to survive the cancel culture mobs.
Is it not?
You're 8 years late at the minimum, toogood.
Go ahead. Blather away . . .
mojo9
No.
That is your opinion, Argus.
mojo9
We are in agreement, Jersey.
And I never said they don’t have incentives to loot and abscond with a $1.2B Trust.
This message board is so filled excuses and lies.
Guarantees for full payment are guarantees for full payment.
To say otherwise is nonsense.
Too good should be removed from this board.
mojo9
What reasons can you imagine?
What reasons don’t you know?
You can believe them or not.
I invested in a prospectus with covenants.
If they don’t honor this prospectus, what is next?
mojo9
He was nice about it and appreciated the article.
That is what you’d expect from attorneys trying to feed their families and put booties on the baby.
I am thinking about what to do next without having to read through piles of cut & paste.
This should have been over after 5 years, IMO.
I have been trying to be nice.
Mojo9
He defended his client.
What do you think he’d say?
mojo9
cotton,
I was thinking about this for some time:
"Lehman Brothers Holdings, as guarantor, will be required to file annually with the guarantee trustee a certificate as to whether or not Lehman Brothers Holdings is in compliance with all the conditions and covenants applicable to it under the guarantee."
I sent an e-mail to the Trustees about this as well as a copy of the article referencing the Court decision for LBHI that included fines & penalties paid by JPM.
There are no minutes regarding any annual meetings or reports for any required filings.
The Trustee staff normally respond to me directly but, in this instance, had an attorney respond.
Feel free to reach out to me with any questions.
Thank you.
mojo9
score!
That is the trouble when prospectus covenants, parity clauses and guarantees are set aside for the success of others.
They will always have dissonance until the guarantees are honored.
Why shouldn’t they honor them and clean it up?
It is better for them than cancel culture and unfair elections.
mojo9
A fine person, like you, would know the Dealer can have a strong hand and the Dealer can have a weak hand.
But, you never really know how you did until the Dealer does his last flop.
And, we got a lot of cards to play.
Good luck!
jersey,
Regardless, it looks like another year of fighting cancel culture and accusations of racism.
I always thought we held a strong hand with guarantees & parity clauses.
Good luck!
mojo9
3?
Maybe it was a one horse pony!
Or a one dog puppy?
Or a one cat kitty?
Merry Christmas & Happy New Year!
mojo
Are you talking about "Carpal Tunnel"?
jersey,
They have wrecked it for 12 years.
Everyone sees it is in the prospectus.
Everyone sees it trading.
The Judge in England sees their responsibilities, ruling on distributions and for payment.
They have been paying claims that are not guaranteed ahead of sub debt.
I'd say I am pissed, but I am just getting ready for the next shoe to drop and moving on with life.
They want to abscond with prospectus provisions and argue about it in Court while filling this board with defenses and lies.
Done for now.
Good luck.
mojo9