Any posts are my opinion, and should not be relied on for your investment decisions.
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I've been here for years and know exactly what the POR is. Have you even looked at the dockets you posted?
Lets see what happens in 14 calendar days.
Yes these were posted on the docket. So what. No bearing on the CTs or OBS, these are related to updating the master service list and case management procedures.
Since they have a gov't conservator you'd think Watt would just go ask Yellen how much they need to hedge.
Taint, sounds like you two are happy with each other regardless of money. I like our chances, but who knows how long this could drag on. Wish you many more years together and continued happiness.
LOL, on cue like a broken record.
Etrade or any other broker is merely following directions from another party. No need to keep posting about what the broker said. That info is old now and we all know something happened. The brokers are not very helpful at this point.
We now need to know who/why those directions were given to the brokers. For that we need an answer from the estate.
Will post when I get a call back next week. I encourage others to call EPIQ as well. More to follow...
OK, just got a call back. EPIQ contact (Stephanie) said she is still waiting on additional detail and her boss is now working with LBHI.
I tried to ask for a bit more detail and she stated that everyone is aware of what happened. She said my call was the first and now they have received many more. I replied, yes with 66M shares o/s I am sure a good number of calls will continue. She essentially said they are aware and now trying to figure out what to do working with LBHI. It sounded like they need LBHI to decide what to do.
She said she will follow-up with me next week. She also gave me her direct number to call as needed.
No further reply yet, just left EPIQ a voicemail.
Costs Soar as Common MBS Effort Founders
https://www.abalert.com/search.pl?ARTICLE=162821
Costs Soar as Common MBS Effort Founders
https://www.abalert.com/search.pl?ARTICLE=162821
Ines, hope your not really short on wmih. The straight book valuation is around $5-$6 and that is without unlocking multiples of price earnings from whatever M&A happens.
GG4
Yes, escrows are usually non-transferable. May be best to have the broker (fidelity or others) research for you.
Condolences and sorry for your loss
LOL Dine, hopefully its not him. When EPIQ calls me back, I'll post whatever they let me know.
I also have a direct number and if I don't hear back by Thurs plan on follow-up call.
Friday I got a call back. They said they will know more by end of this week.
WOW, glad your not running this chapter 11 reorg.
EPIQ staff (Stephanie) called me back this afternoon. She started to explain to me about the notice on prefs & common that was issued years ago and that we now have escrows in the event of a distro. I replied, why were brokers notified to remove one class of pref escrow cusips (LEHJQ)?
She put me on hold and after talking with several of them, they all were unaware of any such action. They took info on the old ticker (LEHJQ) and the ESC cusip. They are going to research further and call/email me back.
May have just been another error. More to follow after I hear back...
Great investing strategy. Hurry up and take my money. LOL.
All pref and common were cancelled in 2012 and replaced with escrow cusips/shares. I agree with ines that this may just be a reference change.
IMO, the costs to maintain escrow cusips and DTC admin was not justified (it is not free to maintain) and LBHI is of course reducing expenses.
I did put a call into the LBHI claims team late yesterday to verify that the economic entitlements of prefs are still intact in the trust. Waiting on return call/email.
Would be good if a few other folks called as well. Here are the ph numbers
Parties with specific questions concerning the activities of Lehman Brothers Holdings Inc. and its affiliated chapter 11 debtors can call Epiq Bankruptcy Solutions at 1-866-879-0688 if you are calling from the United States or 1-503-597-7691 if you are calling from outside the United States.
Watching now to see if other equity class escrow cusips are removed over the next few days to week.
F's had 12M issued
IPO - 8/22/2003 - 12.00 Million Shares @ $25.00/share. Link to IPO Prospectus
Previous Ticker Symbol: LEH-F Changed: 9/17/08
Market Value $ 300 Million
Gs - convertible to common (preferred shares are mandatorily convertible on 7/1/2011 into a variable number of Lehman Brothers Holdings Inc. (NYSE: LEH) common shares based on the then current price of the common shares for 20 trading day period ending on the third trading day prior to the conversion date. The conversion settlement rate will be 30.2663 shares per unit if the then current market price is equal to or greater than $33.04 and 35.7142 shares per unit if the market price is equal to or less than $28.00. For market prices between those values the settlement rate will be $1000 divided by the market value. The last reported sale price of the common stock on 6/6/2008 was $32.29 per share. The preferred shares are convertible any time at the holder’s option into 30.2663 shares of common stock.)
P’s - are convertible to common (preferred shares are convertible any time at the holder's option into 20.0509 common shares)
F’s - DEPOSITARY SHARES EACH REPRESENTING 1/100TH OF A SHARE OF
6.50% CUMULATIVE PREFERRED STOCK, SERIES F
Talked to scottrade...they were notified electronically via DTCC that Lehman instructed for shares to be pulled/removed.
That was all the info that Scottrade had.
I had some J's in my scottrade acct. and it says...
"4/20/2015 4/20/2015 (LEC7) REDEMPTION/TENDER OF 20120 SHARES (LEC7) $0.00 $0.00 $0.00 No"
On hold with brokerage now.
Anyone attending the shareholder meeting in NY?
I think they are going to complete the corp move to DE first before any other M&A news...
http://ih.advfn.com/p.php?pid=nmona&article=65782679
PROPOSAL 3
APPROVAL TO REINCORPORATE WMI HOLDINGS CORP.
FROM THE STATE OF WASHINGTON TO THE STATE OF DELAWARE
The board of directors has unanimously approved and recommends to the Company’s shareholders this proposal to change the Company’s state of incorporation from the State of Washington to the State of Delaware. If the Company’s shareholders approve this proposal, the Company will accomplish the reincorporation as described below.
The Reincorporation
On January 5, 2015 (the “Issue Date”), the Company completed the Series B Convertible Preferred Stock Offering, pursuant to which it sold 600,000 shares of its Series B Convertible Preferred Stock for aggregate gross proceeds of $600 million, pursuant to a Purchase Agreement with Citigroup Global Markets Inc. and KKR Capital Markets LLC, an affiliate of KKR Fund and KKR Management. The net proceeds from the Series B Preferred Stock Offering in the amount of $598.5 million were deposited into an escrow account, and, less payments of offering fees and expenses (including fees contingent upon future events) some of which has been released in connection with the issuance of the Series B Convertible Preferred Stock Offering, the deposited funds will be released from escrow to the Company from time to time in amounts needed to finance efforts to explore and fund, in whole or in part, acquisitions. Pursuant to the terms of the Series B Convertible Preferred Stock, the Company will be required to repurchase any or all outstanding shares of Series B Convertible Preferred Stock upon a failure to have, not later than July 5, 2015, the date that is 180 days after the Issue Date, reincorporated from the State of Washington to the State of Delaware.
Wrong, lots of other transfers yesterday...
http://dm.epiq11.com/LBH/Docket
49261 04/15/2015
Transfer Agreement FRBP. Partial Transfer of Claim Other Than For Security Transfer Agreement 3001 (e) 2 Transferors: Lehman Brothers Securities N.V. (Claim No. 58649, Amount \$445, 361, 048.42) To Banc of America Credit Products, Inc. filed by Jeff J. Friedman on behalf of Banc of America Credit Products, Inc.. (Friedman, Jeff)
Case: Lehman Brothers Holdings Inc.
Related: none
Document
49260 04/15/2015
Transfer Agreement FRBP. Transfer of Claim Other Than For Security Transfer Agreement 3001 (e) 2 Transferors: Lehman Brothers Securities N.V. (Claim No. 58609, Amount \$74, 774, 703.00) To Banc of America Credit Products, Inc. filed by Jeff J. Friedman on behalf of Banc of America Credit Products, Inc.. (Friedman, Jeff)
Case: Lehman Brothers Holdings Inc.
Related: none
Document
49259 04/15/2015
Transfer Agreement FRBP. Transfer of Claim Other Than For Security Transfer Agreement 3001 (e) 2 Transferors: Fifth Street Station LLC (Claim No. 67650, Amount \$25, 000, 000.00) To Banc of America Credit Products, Inc. filed by Jeff J. Friedman on behalf of Banc of America Credit Products, Inc.. (Friedman, Jeff)
Case: Lehman Brothers Holdings Inc.
Related: none
Document
49258 04/15/2015
Transfer Agreement FRBP. Transfer of Claim Other Than For Security Transfer Agreement 3001 (e) 2 Transferors: Fifth Street Station LLC (Claim No. 67649, Amount \$25, 000, 000.00) To Banc of America Credit Products, Inc. filed by Jeff J. Friedman on behalf of Banc of America Credit Products, Inc.. (Friedman, Jeff)
Case: Lehman Brothers Holdings Inc.
Related: none
Document
49257 04/15/2015
Transfer Agreement FRBP. / Transfer of Claim Other Than for Security Transfer Agreement 3001 (e) 2 Transferors: Barclays Bank PLC (Claim No. 63604, Amount \$1, 419, 105.77) To Javano Management, L.L.C. filed by Andrew Neil Rosenberg on behalf of Javano Management, L.L.C.. (Rosenberg, Andrew)
Case: Lehman Brothers Holdings Inc.
Related: none
Document
49256 04/15/2015
Transfer Agreement FRBP. Transfer Agreement 3001 (e) 2 Transferors: Lantern Endowment Partners, L.P. F/K/A ZFI Endowment Partners, L.P. (Claim No. 55854, Amount \$1, 350, 000.00) To ROTH IRA FBO Richard Fels Pershing LLC as Custodian filed by Roth IRA FBO Richard Fels Pershing LLC as Custodian.(zlatin, michael)
Case: Lehman Brothers Holdings Inc.
Related: none
"Yawn same regurgitated crap just in a different package..."
and some multiple posts are worth even less than that.
Bill to allow Freddie and Fannie to retain capital.
Please show your support and forward to others.
https://www.popvox.com/bills/us/114/hr1673
Bill to allow Fannie and Freddie to retain capital.
Please show your support and forward to others.
https://www.popvox.com/bills/us/114/hr1673
Release: Investors Unite Commends Rep. Blackburn for Housing Legislation that Honors Obligations to Investors, Restores Rule of Law
http://investorsunite.org/release-investors-unite-commends-rep-blackburn-for-housing-legislation-that-honors-obligations-to-investors-restores-rule-of-law/
Yeah, looks like the ask jumped fast then the .2099 was posted again.
Best JW
I am using scottrade and cut/paste directly.
Its gone and your right now. Ask is back to .2099
Ask on the Ns now showing $1.40...
LEHNQ : Grey Sheets LEHMAN BROTHERS FIN SA CAPITAL TRST VI
Last: 0.21
Change: 0.00 (0.00%)
Bid/Size: 0.1404/12,000
Ask/Size: 1.40/4,870
Volume: 72746
What? Your post makes no sense at all.
Both and I like the CTs rank. Additionally that the trusts are intact as non-debtor.
FYI, the CTs are non-debtor and were delisted in error in March 2012. This was confirmed with the estate.
Wow how profound. Yes news happens everyday. Do you have a link related to Lehman?
I'll sell them back to you for the right price.
Near Zero volume = zero conviction.
Only ~33,000 shares traded hands so far today. Out of 48,000,000,000 o/s. Flippin for pennies.
Meaningless like someones posts.