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Thanks so much AZ, yes very puzzling indeed after 10 years of bankruptcy Lehman CT's are still tradeable. Although some brokers have restricted their trading in recent years. I do not think there many shares available, people have been grabbing them for a long time and noone wants to sell in my opinion.
My hope is they never knew if they would be able to pay Senior debt leaving it open. Maybe they got more money than they thought they could get and they could potentially be something left over for a new company spin off like WAMU??
Maybe wishful thinking but not selling a single LB CT share....
AZ what's your opinion on Lehman's Capital Trust, do they stand a chance? and why do they keep trading?? Can you post your opinion over there if you can?? Thanks!!
https://investorshub.advfn.com/Lehman-Bros-Cap-Trust-VI-Prefd-Series-%22N%22-LEHNQ-14907/
GeeeZZZ, the Billions are hidden behind curtain #3!!
Quote:
"Where are the BILLIONS and Trust assets backing the Capital Trust you all have been harping about forever?"
That is correct
Quote:" There is no cutoff because it's still trading and we are a SPV. We are not LBHI. We went through this many times guys."
Thanks Wayne!!
Cotton you are like the AZcowboy of the Mr. Cooper Message Board. Please keep posting and don't be a stranger. Lets hope we find the pot of gold at the end of the rainbow There's a good chance...
Quote: "~ Mr Gold, There Is A Fundemental Lack Of Understanding of the Complete WMI Process Portrayed ~"
That's the understatement of the year some have no clue as to what is going on. The worst thing is they do not want to be helped LOL
Thanks for all you do!!
Just waiting for the MOOLAH!!
nothing we can do but wait... AAaaarggghhhhh!!
Quote:
"What would be nice if we can start the distribution so they can see how right they are!!!!!!"
--> AZ is right <-- , --> Ron is right <--
Correctamente!!
POOP is getting HIT HARD!!! These have been 10 years of total MISERY... We need to hire THe TErmiNator to take care of these bastards!!
ArniE we need u man! GET to The CHOPPA!!
Quote: "But I'll say you're mistaken, since I am half way decent most of the time"
LMFAO!!
B HAS NO CLUE!!
The tell will show itself, you will know it when u see it!!
Some advice. Today after work get your favorite drink, when u get home pour yourself a drink put your feet up and relax. Do something different get a masseuse to come over to your house. Stop watching this board for a few days, find a hobby or a diversion. Be happy!!
I guarantee the wait will get shorter...
Yeah, people just getting impatient...
Whatever is coming must be something worthwhile, ruthless people do not have a lot of patience....
Thanks AZ for all u do!! Hopefully we get some money soon.
AZ I'm so glad I did not listen to the hype and kept my commons. I just simply bought an equal $ amount of preferreds. I'm at peace thinking if there is a distribution I have covered most of my bases. My only regret was not having bonds or PIERS.
What does that even mean?? "Preferreds are NOT capped"? Does that mean they can take my dog and my cuban cigars too?? HELL NO!!!
I think that's open to interpretation...
Someone very smart hide the sausage before JPIG could get their filthy hands on it. I bet Demon and Shenna must be pissed off they were outplayed and could not get as much as they wanted...
OHHHHHHHHH JERRYYYYYYYYYYYY!! Do u really think the hedgies waited all this time to give the spoils to KKR or Mr. Cooper. LMAO!! Even u should know the answer to that one...
Haven't u heard, When?? is when it's ripe...
The difference is that in this one they were caught with their hands on the cookie jar and had no choice but to share the stolen goods...
Just two words "class Specific" It has been mentioned so many times by AZ still people cannot comprehend....
Each marker will be payed according to their class specific trust...
LOL, well that takes care of that now I just have to get the money...
Anyone here knows a good financial advisor that can take care of my millions. I'm willing to travel as long as he or she is good!!
WHAAAAAAATT!! Quote:
~ Yes, Common Shareholders Always Own The Estate ~
That is not the general concensus here, you sure?
Wait u mean to tell me it was never about the NOL!!
Quote:
5% stock ownership now removed, hence; CIC happened in principal and no NOLs going forward.
Thanks, Ron. Quote: "Love it when a plan comes together"
George Peppard as Hannibal Smith
Knowing these guys if they want to continue holding the waterfall they will no matter what and with the help of Mary!!
LOL, Thanks AZ. So much misinformation out there...
Quote:
~ COOP Is Not Going Private ~ ... that ? is simply more "HogWash" presented by one of the same confused group, who's presentations are always based on a poor research foundation' ...
They are all in it together they have been playing us for quite some time!!...
You have to ask RosenCrap and Mary. I will post their private line later today...
Quote:
How many more days till the next big zip Nada six?
LOL Ron so true, why would anyone who did not release JPM would be hanging around here 24/7 maybe to torture himself if when we are given a distribution. LMAO!!
Quote:
LG, Why Talk About the Un-Released?
Agreed, not only AZ but also Ron, LP, Dmd20 and many others. Thank you!!
You know what I like about Az's posts the most, that he is trying to genuinely help people understand this unique bankruptcy process and shed some light on the issues at hand. He is not worried about who is right or wrong or who has the biggest pec#$%r around here. He just had to put up with some crap from other posters. Even in the remote chance he was wrong I still respect all the research and time he has put in here for all of us to enjoy free of charge.
AZ is the best....
==> AZ has always been RIGHT!! <==
Quote:
=> AZ is Right <=
WMCT-2001 is a Trust for the benefit of the assigned parties which is Shareholders of old WM commons. COOP is not a beneficiary of the WMCT-2001 Trust, but just the holder of the Trust for administrative purposes for the beneficiaries of the Trust, old released UQ's.
Same here; The REIT series TPS, Ps Ks are the beneficiaries of a different set of Trusts.
The Trusts are stand alone units and not part of APR in BK.
=> AZ is Right <=
Im not sure but quite a bit and is not the only trust. Ask AZ cowboy, he will help you or look at his posts.
The WMILT is pissing me off they have been holding the waterfall with the help of the court for a long time now. They better pay off PIERS soon my patience is running thin...
I need to pay off my debt and buy me some new toys..
It has taken them 10 years to sweep everything under the rug!!
so much accounting time for a estate that is supposedly broke time...
Yeah lets get real who here really thinks we got a few thousand shares on a new company with a pps of $1 and some NOL's as fair and reasonable settlement for an insider trading crime that brought down a $300B+ Bank...
Raise your hands, Anybody??....
Tell that to RosenCrap, what was the purpose of the special distribution hoax or the "no money" for retail holders after the $25 post bankruptcy valuation. OHH wait a minute now retail is on board so no there is no money. These people do not like retail being here, they are not going to encourage retail by given us information the less we know the better. If they can cheat us they will. I believe without retail they would have gotten their money sooner but Nate Thoma screwed up their plans....
THESE PEOPLE ARE GREEDY