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Like da devil said...its all just chatter here...I am just sitting back...relaxing...and reading da latest lehman brothers chatter and enjoying a good laugh....por payment coming soon for lehman....on october 3rd.....go figure...devil
Defer is not a good management decision becsuse lehman have to redeem cts by 2016...they will eventually have to redeem the cts....deferring will just mske it more expensive....go figure
...devil
None of the il liquid assets are sold...what lehman sold is accounted for in cash or cash equivalents.....you have not even seen the off balance sheet stuff yet which are all il liquid like the mbs/cdos they hold....those are similar to maden lane stuff....
They will not delay paying off the por if they have cash and cadh equivelants to do so.....which lehman does....because those are available and they don't want to be seen as milking fees....creditors won't go for it......go figure....devil
10%...90%....2567%......it don't matter no more...chatters ate just chatter now....all da goobers are waiting....its too late in da game for any chatter to matter...things are falling into place....good luck to all......and ines too....da devil is gonna kick back and sail out a few days..den go monitor some projects in bk detroit....I get a smile when I look at the volume each day.... go figure....devil
I disagree and it don't matter at this point...da chatter here is just chatter...it will not influence selling or buying on t his highly il liquid 4 ct issues....da longs here are all out on vacation till da big day...so is da devil now...gotta go spend some monies from the freddie preferred trade....see all da goobers in vegas and as always....go figure....devil
None of the chatter matters....da volume speaks for itself....all goobers are holding for da end game......time to get da money counters ready....good luck to those holding da 99% of da os....time to go get some grub and enjoy da weekend....go figure... devil
DD have alresdy been done in this...see prior post or do the dd youself...lehman have to approve any uplistings....go figure.. devil
Lehman knew and had to approve it....as for why they uplist? We all have our theories....go figure....devil
Click....shhhh...sitback....relax and have a coca cola while reading da latest chatter....go figure...devil
Hmmm....I don't know da numbers exactly....last count here was under 10% for ihub..i f ink dat includes yahoo....all da devil know for a fact is volume total us less than .005% of os each day and that is not refutable.........go figure...devil
Correction...big banks cannot buy most stock under 5 dollars and hold on thier books but they xan keep stock under 5 if they are legacy.... also...when lehman went into bk, lehman did not have to report large shareholder or institutional holdings to the sec...now...can we proof the big boys holds most? No....but the volume dictates it at about .oo5% of os traded daily combined.....if retail hold most....volume will be into the high millions...that is a trading fact...professionals know this......go figure....devil
Click....shhhh.....sitback....relax and have a coca cola while waiting for da next por payment....go figure....devil
Click....shhhhh.....sitback...relax and have a coca cola while reading da latest chatter....go figure....devil
LOL. First important stuff our disagreement...
In a chapter 11 liquidation (Lehmans)...If da POR is satisfied in full, the reallocation ends....when that happens, any CASH that gets distributed CTs will get their share....it will no longer be reallocated...Every allowed claim will get their share and there will be no more reallocation....
also...in case you don't know......everything here is chatter...from cotton to heistheman to myself to you to whomever...no one have concrete answers...that is why we are here....the point is to me at least with this play and others is to make monies....I am making monies to like 1000% plus percent on lehman and more on other plays...that is the goal...ITS ALL CHATTER...and you know what? My LAMCO theory is the only theory that was not proven wrong yet...what does that mean? NOTHING...LOL....make money and have fun doing it..that is me and do your dd...I am confident on mine that is why I am so carefree....I like da moon rocket da coca colas....if you ask me....I am out of post....good night....go figure...devil
Why didn't you bold available cash too?
Paying off the POR ends reallocation....This is chp. 11 liquidation...that is why its so important por gets satisfied in full...they CTs can collect up to 80- 85% of RV.
(c) To the extent that any Debtor has Available Cash after all Allowed Claims against that Debtor have been satisfied in full in accordance with Section 8.13(a) of the Plan, each holder of each such Allowed Claim shall receive its Pro Rata Share of further Distributions, if any, to the fullest extent permissible under the Bankruptcy Code in satisfaction of postpetition interest on the Allowed amount of such Claims at the rate applicable in the contract or contracts on which such Allowed Claim is based (or, absent such contractual rate, at the statutory rate) until such time as all postpetition interest on all such Allowed Claims has been paid in full.
Anyways...nice to see you here joey....did you take up a position on the CTs?
they have 12 billion in cash...That is more than enough to pay off the POR with some left for operations.....they better payoff or explain why they are holding on to the cash....it will be like fee gouging....anyways...we wont know like you said until they actually pay it off...but the means are there....go figure...devil
He said he worded it wrong...its cool...FYI, in title 11...PORs can be satisfied in full....go figure....devil
wamu didn't pop until the details of the POR came out...the J and Ks I mean....the piers didn't tank or rise until reality started to sink in......reality will not be sinking in until the por payment....heck..it already took notice when it ran from 7-15 pence to 50 pence didn't it?....that counts for something...maybe not to those who got in at .40...but means a lot to me....go figure....devil
I do tolerate different opinions...I just don't tolerate misinformation sometimes....you responded to my post saying the por cannot be satisfied in full in a chp.11 liquidation and I responded it can....how is that not tolerating....you might have worded it all wrong as you claimed...but, that's on you...I am just responding to your response.....go figure...devil
My answer is yes for goobers....you cant impose your view on others...that is not to say their financial position is worst off or better than yours...There are very good frugal investors and there are the ones like you.....there is no right or wrong...like I said its preference....If I want to, I can buy 1 million shares tomorrow at .70....but will I? NO...why? because I don't want too and I have enough....does that mean I have less confidence? NO...it means da devil don't want too goober....go figure...devil
Now calm down goober...I am not speculating at all but merely correcting your mis information......I merely made a simple statement...In a chapter 11 liquidation scenario, we (CTs) will see monies after the POR is satisfied in full....Dat is not a speculation because after the POR is satisfied in full, the reallocation clause ends and the payments from that point on will go to 10B. That's all...no need to get all abrasive because those tactic don't work....on someone who did their DD....BTW, it is to correct your statement that the POR can not be satisfied in full goober in a chp. 11 liquidation........BTW BTW...aside from dat, da devil dinks its a reorg...either way....its fine with me....like da devil said....the bk papers said chp. 11 bk, media and verbage say chp. 11 liquidation.....and actions suggest chp. 11 reorg....go figure...devil
LHHMQ, LEHLQ and LEHKQ are on the pinks and LEHNQ is still on the greys....goober asking a preference question on buying above .50. Da goober said he does not want too....20k share purchase at .10 more is 2k....not sure about you..2k is still lots of monies to a poor goober like me......go figure....devil
You can't satisify the POR in full in a chapter 11 liquidation? PORs are created and can be satisfied in any Title 11 case. Are you trying to pull a fast one again?....go figure...devil
the plan remains.....@20%ish for the creditors to satisfy POR. Most of the remaining 27 billion is not liquid....go figure...devil
That is the chp. 11 accelerated liquidation scenario.
Simply put, its 1.32 basis point for payments up to satisfying POR in full amount of 53 billionish
for unsecured recovery then its 17,44,and 48 bps and so forth...of course this means chp. 11 liquidaton which is fine because the POR will be satisfied in full....not so good for OBS though....go figure....devil
Click....shhhhh.....sitback....relax and have a coca cola while waiting for da next por payment....go figure.....devil
What happen to all da chatter??? Where is da chatter?....I guess everyone just waiting now....go figure...devil
Jersey take note...da italiano chin flick to da goober who said you post trash...lol....go figure...devil
I knew it goober...you are alive...da rumor in gooberville is you got whacked by da banks....just chatter....go figure...devil
Yes Goober...My preferreds are doing quite well today...go figure...devil
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
TO DA MOOOON>>>>>>BANG ZOOOOOOM>>>>TO DA MOOOOON!!!!
WHA WHA WHA Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Da questionis how much are you up since 2008? 2000% thus far?...go figure...devil
Total Volume as of high noon eastern is 5000 shares total for all 4 CTs.... LOL. That is 3 trades of LHHMQ totaling 5k. That is .0001% of the total OS....go figure...devil
relax goober...none of this chatter matters anymore....everyone is waiting...as of 2pm eastern the total volume is 28.8k shares out of 48 maybe 49 million OS....DOR has the volume thus far covered under his couch....LOL....have a coca cola...relax and just read da chatter....cottonball said maybe even 9/15-6....WOW he said...get da money counters out...go figure...devil
Nope...you provide all the information...and you get your own attorney...its not cheap...so make sure its worth it...If on not listed securities you have to have a contract and prove the shares exist...I did a broker to broker verification with a signed statement....go figure...devil
Citibank will do it...if you are citigold with cititrade. Also you can draft it up through an attorney and submit it to a broker....I use cititrade and did it with schwab also with inherited securities on foreign exchanges....Most importantly you have to prove the shares is held by the other party and in my case, they had certs from Greece....go figure...devil
:)......I am joking...I wanted to provoke a response from jersey but da goober havent posted in awhile....don't want to throw off your share count... lol....go figure...devil