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Hi everyone !!!
Sorry ... I got absolutelly lost with the ECAPS road
I follow you geniuses in the best of my hability with the tecnical english mambo jambo but I clearly got lost some place along the way.
So sorry for the question but..
WHAT IS ECAPS? and how does this afect CT´S and OBS?
Sorry again for getting lost but sometimes it happens, so if you could be so kind to answer it`ll be great.
and I bet a little summary on the matter would help to organize all of the boards info and brain power would be busted.
Now that doesn't answer my question does it?
you are very good evading straight answers.
I am here because I have a lotery tiket and I am waiting for it to pay up or not, and in the meantime learning from very smart people in the board.
I bought my shares in 2008 and have been waiting ever since without trading.
I'll ask again. If you belive there is CERO chance because there is NO DINERO like you say.
Why bother? why are you wasteing your time?
Then what are you stil doing here? what is your play? why are yu wasting your time with this?
Can you see the whole article?
if so ... can you post it here?
Tks
what does this mean? .... why is this good?
can you please post the whole article?
This sounds right ... but the only way this can Happen IMHO is if it says so specificaly in the POR or in the bankrupcy law ,,,,, Now .. does anyone know if it does?
would you be so kind to explain to me how does this work and at which point it stops?
I dont care ... I only have J's but what I care is the company as a whole to try to understand what the hell is going on here ... I am learning from the best and trying to keep up since I am not an english speaker..... and you are trying to make this poor gamblers sell their winning lotto ticketS...... because there is no bankrupcy in wich preferreds and commons get payed before CT's .. the company(equity) has a debt with the capital trust shareholders .. so before they get anything that debt must be payed....
SO I HAVE A VERY IMPORTANT THING TO TELL YOU
WELCOME TO DE DESERT OF THE IGGY ZONE!!! .... a wonderfull place that from today you share with stocksnoway....
Excuse me if I am being an idiot but there is something I dont understand. I’d like to picture it as if we were 12 year olds:
As I understand it:
When a company goes to BK the creditors expose what debt they are being owed, so the company, according to their assets, file either a chapter 7 ( liquidation) or a Chapter 11 (reorg.)(with chances of converting itself in to a liquidation).
When chapter 11 is filed the POR states how much is going to pay each creditor in how long.
They say for example: - I owe you 100 but I don’t have money to pay you that…. But I can pay you 50 in 6 years time or you liquidate what I have now and get 5.
and the creditors accept it. (when the 50 are payed I consider it SATISFIED IN FULL), so the deal is done and they can´t ask for more.
what I don’t understand is Why are they paying more than what it vas stated in the POR and when is it going to end…. I mean: - We agree I was going to pay you 50 but now I pay you 65….. why is that??? .. I really don’t get it…
can someone explain this to me and mark any mistake in my reasoning?? is there here someone with the spirit of a teacher and the hart of a gambler?
I just wanted to say..... THE IGGY ZONE IS FANTASTIC......
I have a question that might seem a little "stocksnowayishhh" here but i have to ..... so I can understand.
If CT'S are still trading, and they are not in BK, WHY WOULD THEY PAY FOR THEM?.... I don't know if I am clear on what I am trying to ask (sory, I am a spanish speaker).... I mean .. the market is saying what they are worth..... so ... if everything goes fine .... wouldn't the price go up only by trading??
To the one that said originaly that the CT's were not in bankruptcy:
I think is mistaken my friends ... the "q" says it all
http://www.sec.gov/answers/qadded.htm
I think we are GOLDEN! as you say ... but we have some waiting to do..
I work with a firm from uruguay represented in USA by charles schwab
yes... that was me
my J`s are not gone .... they still appear as: pending possible future distributions
sorry I haven't said anything before but I couldn't talk to mi brocker until today. I do not operate fluently
Although INES is toooooo enthusiastic , no matter if I have is wrong or right , I'd like him / her to stick around ...Just Because if not the board would be boring as hell listening to your bad vibe all day .
I dont need someone to tell me in 6 posts a day thay the BANKRUPTCY SHARES I BOUGHT are going to go south . I ALREADY KNOW THAT !!! ... we are as south as it gets !! !
while I wait to see if a miracle happens ( Because nobody knows how this will end) I like Someone who keeps my hopes up .
is this LBI? or LBHI?
WOW !!! I Realized That you are in the board since 12/23/2015 so you 've been here for approx . 4 and a half months and you've posted 726 times So THAT makes an average of approx . 5.5 posts a day ( if I count every day as if Where They work days )
An incredible amount of time lost in something worthless ...
Maybe You should leave this behind ....
and yet M's are still around...
I believe INES is TO much optimistic about this..... but for some reason you are being blindly negative .... you don't question the fact J's are the only ones that have "EXPIRED WORTHLESS" and the fact that they took YOUR PROPERTY and made them disappear from your account no matter how much is worth.....
GOD!! it looks as if you where even happy with all this...
I am waiting for your EXPERT opinion on my las post....
(sorry if I make language mistakes, I'm spanish speaker)
And what is your theory on the fact that J's are "gone for good" and you still own your commons? How can you think that will stay that way??... do you think one morning the judge woke up and said:
- Ohh!! i think I am going to start doing LOCO stuff and just start redeeming worthless some stuff ... but wait ....what if I don't start with the M's but the but with the J's? ... that would certainly make this bankrupcy more funny!!-
don't you see something is wrong?
I'd realy like to hear your EXPERT opinion
Just the J's expired? what about M's?
Ines is too silent for my taste i am starting to get a bad feeling...
TO ME THAT IS THE KEY OF THIS MISTERY....
THEY WILL NOT DO ALL OF THIS TO PAY ME OR YOU........ BUT I THINK, NOT ONLY ME AND YOU OWN CT'S AND OBS ...... THERE ARE MAYOR MAYOR PLAYERS AND BIG INVESTMENT BANKS THAT OWN THE SAME.
IS THERE A WAY TO KNOW WICH ONES?
After reading every day for the past two months I have 2 questions to ask you
1 - If Lehman has no equity who is the owner of the assets??
2 - If you think there will be no payment to anyone..... why have you wasted so much time and effort writting so many posts, trying to convince the rest of us??
you are just a good samaritan?? you are doing this so you can say: -"I told you so" - at the end?? you are looking to save us all so we sell "on time"?? or you are looking for something else?
Excuse me for my ignorance.. I follow the board silently every day and I'm trying to follow what you are saying here..... I have one question.
What is the stay?
Also .... it would be great at this point if one of the great minds in the bord that maybe is bored at home drinking coca-cola or something ... could do some first grade math, for us the not so brigh people living on the other side of the world.
I just have 40K of LEHJQ holding untill the end.....
Does anyone here know which mayor players own CT's and Prefered shares?
Hi people!!!
2nd. Grade law doubt
This is what i don’t seem to understand
What you call CHAPTER 11 in my country is called “convocatoria de acreedores” and basicly is the DEBTORS / OWNERS explaning the creditors that they can’t pay 100% of their debt so they propose to pay for example 30% of the debt in 3 years with a lot of other conditions (THE POR). If they say Yes the BK ends and the plan takes action. If they say No is faster, they go to “Liquidación de activos” (your CHAPTER 7) and THAT IS IT.... the DEBTORS/OWNERS loose there company THE END .... CAPUT.... THERE ARE NO OWNERS BECAUSE THERE IS NO MORE COMPANY
if we are in CHAPTER 11 it means they said YES , that they agreed to this so ... THE OWNER IS STILL THE OWNER and the plan takes action, if not I would have gone to CHAPTER 7 let the creditors desmantle my company go home and drink a margarita......
I DONT UNDERSTAND HOW IN CHAPTER 11 EQUITY/OWNERS CAN BE WHIPED OUT, in that case i would have gone directly to chapter 7, got it?
Sorry for my lack of knowledge in US LAW...
holding 43.700 J’s since april 2009
feeling confident in our future RICHNESS
catdaddyrt I LOVE YOUR GUITARS..... when we are rich we can jam toguether !!!!!
Hi everyone!!!...
I've been devouring your posts in the dark amazed with your power of investigation and logic deduction for some time now. I just don´t say much because first my english is not that good (I'm from argentina) and second I don´t know nearly as much as you people do.
I don't own CT's I just have J's and I´d like to know, If you are so kind, to tell me how does J's fall on your posible scenarios and your ideas of the time it will take for all to fall in place.
I'm sorry to ask this way but there are a lot of tecnical terms that you use that I dont understand yet.
thanks
someone posted some time ago the owners of the stocks..... does anyone have that post?
thanks donto and famous!!!!
Does this mean that if I purchased or acquired LEHJQ after September 15, 2008 I AM SCREWED???????????...(pardon my french) or you think there is a chance for people like me?...... is there anyone else in this board in my situation?
thanks donto and famous!!!!
Does this mean that if I purchased or acquired LEHJQ after September 15, 2008 I AM SCREWED???????????...(pardon my french) or you think there is a chance for people like me?...... is there anyone else in this board in my situation?
Could some one fill me in on this?
I live in argentina and I don't recive any forms or any kind of mail.... and nither does my broker....
any advice?
Thanks
JP
happy anniversary to everyone!!!!!....jaja .... we have to celebrate something in the meantime....
everything is so quite arround here.....have you all migrated to another forum or the hope is lost?