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TooG, well we can’t be sure. But someone knows what’s going to happen. That someone is the person that will lead us out of this mess or into Chapter 7. By now they now, it’s crumbs that are left compared to when they started this. I happen to believe the way the CT’s drop right back down again in price is unusual price action. Someone or group want this absolutely rock bottom $ and with no retail. Otherwise one of us fools would bid and trade some up and it could stay a few days.
Thank you TooG for this laymans review of the current situation. Easy to understand and good depth.
Happy Thanksgiving to all of you and your loved ones.
Thanks for all the year’s contributions.
Cheers
“Any preferred securities which are repurchased or redeemed will be cancelled.”
That is quite an incentive for the company to buy up shares on the open market over the past 15 years. It certainly would make sense for any company affiliate to use every effort to buy shares on the open market at the prices they’ve been listed for.
Half now in Schwab and half Fidelity.
Get’r done
Cotton, I may dense on this GS holdings. Are you saying GS has a position that the investment includes Lehman CT’s?
We get’r done, I’ll come swinging by in the spring in my convertible. I’ll keep the truck parked in Bend.
Interesting info Joyce and TooG. We definitely need some entity that has control over the NOL $ to monetize them and use the dollars to reestablish operations. Along the way we get paid, as a footnote.
TooGood or anybody. I’ve continued to wonder are there currently operating entities( other than the non affiliates in UK)? It’s a glimmer of hope if there’s some operating currently other than the wind down team. Maybe some real estate entities? I don’t believe there any hedge fund or investment groups operational. Anybody have an insight?
TooGood, why did you switch to the J’s was it you could sell the CT’s and buy a bigger share at full value of J’s. That’s what it sounded like. I don’t own, nor did I research the J’s. Second question it appears we are still looking for the same result, we need the company to emerge from Chapter 11. Do the J’s have any different treatment than the CT’s upon emergence? TIA.
Accounted for. I’m in Italy, who here was following the Italian Lehman board? Anything new on that board. Crickets here
DJN, the question is will there be an operating company to emerge from the POR. It sounds like there is some sort of operation in London. I haven’t seen any example of a U.S. based Lehman operating now, has anyone else? I’m hopeful there is or will be, like all of us here. Pretty hard to greenfield a new company with billions of tax loss carry forward. Is there a quiet real estate arm? Hopeful but wondering who will be turning on the lights the morning after the POR is completed.
StockJock, I’m on the same transfer timeline as you. I wanted to move the Cat’s to Fidelity but they wouldn’t take them. It’ll be interesting if there’s an issue with Schwab.
I have just tried to transfer some of my CT’s LHHMQ from my TD account to my Fidelity account prior to TD becoming Schwab. Fidelity has refused to accept the transfer due to it being a penny stock. I explained I already have LHHMQ shares in my Fidelity account that I’m trying to transfer in to. Also I bought those shares in the Fidelity account through Fidelity and Fidelity has fund mangers that own the same shares. Nope thanks for calling Fidelity SOL.
Let’s get this thing over. I want to send a laughing box of rocks to the mgt.
I have repeatedly told my contact I don’t expect to transfer to schwab. I can only guess they moved me to the back of the line. I’ve transferred some positions to Fidelity already so they know I mean it.
Thank you for your recommendations Jersey. Anyone else have someone they like?
I have an account with TD that hasn’t been moved yet either. I really don’t want to go to Schwab. I also have a Fidelity account, which I’m very happy with but I’d prefer to keep two accounts. Does anyone have another broker they’re satisfied with? Jersey, how’s the Merrill account been for you to use?
EPD, DVN, maybe some other nat gas pipeline stocks like WMB. A real smart buddy of mine just buys laddered Ginnie Maes. They’re govt guaranteed 1,2,3 4 years and you’d get about 4.5-5.5 right now. You roll money over to new ones. Fidelity has a whole sheet to show the returns. A blend of oils/nat gas and ginne maes would give you some inflation hedge and ready cash and a blended average you be about 6%.
Good for me not for thee.
I always viewed the “ expert market” as a possible good sign for us. Take the obscene profits away from retail and place it only in the hands of the Ibankers where, of course, the big wins should reside.
Get’r done
“ expert market at work” thanks Cotton. As they said in a show long before you “ Very Interesting”
Ha, it goes both ways, Joe comes back to gloat if the CT’s zero out I’ll be gone, bye. My life continues.
If we pay off, and I think Joe is a tell that we do, Joe will make a short appearance and whoosh he’s gone to the next gig.
I’m just happy that the CT’s are actively trading and keeping their reporting current, that’s real good progression.
Cheers to all and have a wonderful weekend.
Stock&stox that’s way I see it too. Moving from the left pocket to the right and hope they shake some new nuts out of the tree. I’m very satisfied to see them still trading and some possible activity in UK for continuing operations. That fits with TooGoods scenario. Heck the valuation was bought and is so low I don’t even calculate it currently. Per Jersey, Get’r done. But at least the horse is heading in the right direction. Cheers
I remember reading that a bid/ask of 1 share is a broker dealer asking for shares. Some of you may be more knowledgeable on the bid/ask signals. But each of the CT’s that traded were preceded buy a number of 1 asks until larger blocks sold. Somebody wanted shares and publicly asked the market, via an experienced broker, for shares. Whomever sold sure didn’t make that much money for the trades other than maybe realizing tax losses.
I’m holding on until full Monty, meanwhile I’ll have a bourbon ?? while Jimmy’s having his Sinatra.
Slim, thanks that makes sense. It was an easy to locate and value asset. It makes sense it’s long gone. I’m just looking for areas of operation to demonstrate a continuing business. It is a reorganization after all. Cheers
The AVB holding would provide $95M+ a year in dividends and be worth $2.+B in value. Is this a recent publication Cotton? Why would this not have been distributed to the creditors? Thank you Cotton if this is a current holding that is very encouraging. Cheers
Amen, RIP Jimmy. I miss him as well.
Yes, 15 minutes before closing sone helpful person traded 500 shares. It’s nice to see them trading.
Thanks DJN, I’ve been wondering as well.
Now get’r done! Then we can toast and have a Sinatra. ??
One block of the K’s some 15,xxx shares sold for .0002 or a total of $3.00. Now that’s a sale worth doing. No logic in it, late or to early for tax loss selling and why bother??? All in all the sales didn’t raise enough for a good dinner for 2. Seems like window dressing.
Not so fast MB, I know my own business intimately and it gave me incorrect legal answers that are relatively easily available to knowledgeable industry people.
I also have a personal knowledge of the start-up people at Chatgrp FWIW, it’s still maturing.
I still question why are you here? And I also wonder why your communication is nearly identical to Joe’s. Usually, not unlike Morse code operators, everybody communicates with different “ signatures”. TooGood, Az, Cotton, and Swiss all have clearly different signatures. Jersey, Jimmy (did, RIP) and the rest have there own individual approach to research and syntax. You two don’t. Hmmmmm
I actually take it as a positive you two are still wasting your valuable life minutes here, it’s bullish for me. Cheers
I used it to question construction notification timing, which is a business I own. It got 80% of the answer correct in good detail. The 20% was an add on answer and was misinterpreted from an other state law, that was wrong. I sent them a message as they ask to be informed about the correctness of their answers.
I thought it was easy to use and a decent result. I agree with Jimzin, I’d love for it to take out some of Google’s nefarious activities. I’ll keep using it but know that it isn’t 100% accurate.
Mellow and Joe for that matter I think you’ve done as much work as you’re able saving souls.
Here’s the bottom line:
We sell at .001 or today at .0003 we’d pay a transaction fee more than our shares or they’d add 1.25 or so to our accounts proceeds. Do the math, it’s not worth it. Most all of us, me for sure, had a nice ride on my other positions. The fact that these have zero value in our accounts makes it easier to hold, it’s all upside. We wouldn’t need any tax loss angle now until the end of the year.
You’re wasting our time and patience. I can think of only a few scenarios why you two (or one) are here. Get a commission on each share sold but now doubled close to the exit of BK? Don’t have a life or are mentally/emotionally challenged.
It doesn’t make sense or logic. I’ve been amazed so many here have responded to you two so civilly.
For me, you’ve done nothing but make me more optimistic, thank you.
Let’s all have a great weekend.
Folks if they delist this board will dissolve as well won’t it? IDK, but I’d like to think we could continue the discussion somewhere until the POR is completed. Is it something we should have a contingency plan for?
Interesting, so you have a fear of missing out? Really, it’s a pretty simple calculation. The NOL and Chapter 11 mean, there’s a chance at recovery and that the BK is not liquidation planned. So with that firmly in your mind an investor should decide how much to allocate to this risk/reward scenario. Given that 50,000 shares cost around $5,500 (.11 in 2014) but return $1,250,000.00 at par the size the investment should be simple. To lose $5,500 is most likely not going to change anyone here from going on a trip, or out to dinner. But at par could change a lifestyle. You buy a little and have fun along the way.
Why ANYONE would come back and back and back to a security position they sold is borderline nuts or has a $ motivation to return. Glad to have you here, but please add something via research to the conversation. So many of the folks here are working hard to understand the BK and sharing selflessly. Maybe learn from their behavior.
Have a great weekend all of you, enjoy every second of following your passions. Cheers
I have LEHNQ’s in both TD and Fidelity. I’ll be trying to transfer them from TD to Fidelity prior to the TD Schwab merger.
Merry Christmas. I hope everyone here has a very profitable 2023.
There was a post a few years back that listed some of the CT owners and some appeared to be investment houses. Whether they are trust accounts or house accounts IDK. It seems like there’s a good value in chap 11. Let’s hope they get out with the loss recovery and other assets that may be there.
I’m in agreement Stoxjock, fnma blatantly corrupt. I switched fnma to buying oils at -$37 carry costs. I wish most of the followers had left then (after the failed court case). Here I feel we not only have the written prospectus but it seems there are a number of investment banks that still own a large number of CT’s. They’ll not let their value go without a close watch on the proceedings.
No, Schwab bought TD a year or more ago. They’ll be merging the accounts under the Schwab name/plan in the ensuing months.
JJPK, yes I see those changes in my account now in 2021.
Way west though, Bend, Oregon, high desert. Still an Irish fan for most games.
I have TD as well and didn’t get a letter.
TD is soon going to merge with Schwab ( that’s where my wife’s accounts are). I’m looking to transfer out. I know Fidelity is also good with our CT’s. Does anybody have another US broker that’s been good to work with that also handles CT’s? TIA
Heading to my nephew’s wedding in Mexico this week. Leaving Bend and winter for now. Been cold here but the skiing has been good. Cheers