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Hoping so,and wishing you all the best.
I recall someone said this case doesn't even exist!!!!
Do you hear me Ines??
LOL
Previous litigation actions with significant updates since June 30, 2015
LBHI v. JPMorgan Chase Bank, N.A. (“JPMorgan”)
On September 30, 2015, the U.S. District Court for the Southern District of New York issued an Order in the Collateral Case granting JPMorgan’s motion for summary judgement in part and denying it in part and denying LBHI’s motion for summary judgement in its entirety. The Court also requested briefing on the question of whether LBHI’s remaining 6 bankruptcy claims should be referred to the Bankruptcy Court for trial. The briefing on those issues concluded on November 6, 2015. On November 17, 2015 the parties asked the Court to take no action on the proceeding for 60 days. The Court then directed the parties to provide a status report on December 31, 2015.
Current Report Filing (8-k)
Date : 12/22/2015 @ 8:38PM
Source : Edgar (US Regulatory)
http://www.sec.gov/Archives/edgar/data/806085/000119312515410647/d109216d8k.htm
http://www.sec.gov/Archives/edgar/data/806085/000119312515410647/d109216dex991.htm
http://www.sec.gov/Archives/edgar/data/806085/000119312515410647/g109216page051.jpg
Ask:
L's = 0.349
N's = 0.25
M's = 0.20
I got 5600 shares today @ 0.122
I'm out!
1.85 mil shares.
yesterday @ today
remaining 545 shares @ 4
Good luck
YAWN!!!....eom
Nov 25, 2015
Interview with Ali Meshkati (AM), founder and investment manager of T11 Capital.
-------------------------------------------
RH: And lastly, I believe you own Lehman Brothers Capital Trust Preferred shares. What made you take a position here and do you continue to see upside?
AM: This is our smallest position, representing about 2% of overall equity. The recovery for Lehman creditors has been more than $100 billion to date. The trups receiving a creditor recovery is a low probability proposition. However, there is a possibility that the trups can be converted into new equity representing the various profitable operating remnants of Lehman to take advantage of the $50 billion-plus net operating loss that is leftover.
Shortly after the Lehman bankruptcy, those in charge of the liquidation formed a company they named LAMCO to assist in the liquidation of the remaining assets. This wasn’t a small operation, as LAMCO originally had close to 500 employees. The assets in liquidation have exceeded even the most aggressive estimates. In the meantime, LAMCO has become a substantial business, although the exact numbers are difficult to ascertain.
The most logical move forward would be to create a public traded company that would take advantage of the NOLs leftover from Lehman through LAMCO initially, possibly rolling in smart acquisitions over time. This would give former equity, including the trups, a stake in the newly formed company.
The stick in the wheel is the cancelation of debt income that can nullify the NOL. There is precedent through the courts for preservation of the NOLs working around the cancelation of debt income requirements, however.
Our position in the Capital Trust shares is basically a call option on a positive outcome for the reemergence of Lehman in a yet to be determined form.
http://www.valuewalk.com/2015/11/t11-capital-aum/
Ines Said:
LOL!!!
She'll "update" her calendar, as usual!
:)
LMAO!!!
You are not following,Ines-the-queen, are you??
47K shares traded below 0.10
104K shares above 0.19
12:14:12 0.19 24000
11:55:39 0.09 20000
11:55:32 0.099 2000
11:55:32 0.099 3000
11:55:29 0.099 22000
11:55:26 0.121 20000
11:55:26 0.121 1525
11:55:23 0.13 15000
11:55:21 0.131 7300
11:44:14 0.131 200
1:16:47 0.20 10000
11:16:45 0.20 25000
11:16:22 0.18 1000
11:08:24 0.20 3200
10:58:30 0.13 300
09:54:52 0.20 1000
09:35:19 0.20 193
09:35:11 0.20 5000
09:35:05 0.20 5000
09:34:47 0.20 5000
09:34:39 0.20 5000
09:34:29 0.20 5000
09:34:03 0.20 5000
09:34:03 0.20 12900
09:34:02 0.1997 449
09:34:01 0.199 900
09:33:58 0.1606 475
09:30:28 0.1301 83
09:30:09 0.1301 475
Ok, Done :)
M's are trading below my bid FWIW
I got 1000 shares L's @15
and now my bid & 0.15 is not there!
LOL
I'm bidding 0.15 for L's and M's
Anyone?
Argus63....
(Lehman brothers holdings owns 1,067,059 shares)
KBIO @ 39$ today!.....WOW!!....from $0.44!
:)
Hey Queen Ines, wanna try the feeling of making REAL Money?
LOL!!
Thanks Argus & uwinwithme , again & again for the heads up!
More Bla Bla Bla from
Ines-de-filia
Queen Ines- The - Daughter
Ines; ( the queen), Filia; daughter from Latino roots :)
Act like a queen!
I did, with many thanks for the heads up!
GLTY
OMG!!!!!! NOT AGAIN!!!!>>>>>
11-20-2015
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118663246
Thanks for the tip :)
Can you please remind her that All Cts and preferred are in front of the line before common holders?.
No 180 famous days, No presents for commons before we get paid! Period!
L's Vol hitting ASK....eom
When is Christmas 2015?
TIA
From LEHKQ Guarantee Agreement:
5.3. Obligations Not Affected.
The obligations, covenants, agreements and duties of the Guarantor under this Guarantee shall be absolute and unconditional and shall remain in full force and effect until the entire liquidation amount of all outstanding Securities shall have been paid and such obligation shall in no way be affected or impaired by reason of the happening from time to time of any event, including without limitation, the following, whether or not with notice to, or the consent of, the Guarantor:
(a) The release or waiver, by operation of law or otherwise, of the performance or observance by the Trust of any express or implied agreement, covenant, term or condition relating to the Securities to be performed or observed by the Trust;
(b) The extension of time for the payment by the Trust of all or any portion of the Distributions, Redemption Price, Liquidation Distribution or any other sums payable under the terms of the Securities or the extension of time for the performance of any other obligation under, arising out of, or in connection with the Securities (other than an extension of time for payment of Distributions, Redemption Price, Liquidation Distribution or other sum payable that results from the extension of any interest payment period on the Debentures or any change to the maturity date of the Debentures permitted by the Indenture);
(c) Any failure, omission, delay or lack of diligence on the part of the Property Trustee or the Holders to enforce, assert or exercise any right, privilege, power or remedy conferred on the Property Trustee or the Holders pursuant to the terms of the Securities, or any action on the part of the Trust granting indulgence or extension of any kind;
(d) The voluntary or involuntary liquidation, dissolution, sale of any collateral, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the Trust or any of the assets of the Trust;
(e) Any invalidity of, or defect or deficiency in, the Securities;
(f) The settlement or compromise of any obligation guaranteed hereby or hereby incurred; or
(g) Any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a guarantor, it being the intent of this Section 5.3 that the obligations of the Guarantor here under shall be absolute and unconditional under any and all circumstances.
http://www.sec.gov/Archives/edgar/data/806085/000104746903008869/a2105775zex-4_05.htm
8 distributions over last 3.5 years ( starting April 2012) paying out more than $105B in CASH and existing assets base is increasing?
Page S15
Rights Upon Termination
Upon any dissolution, winding-up or liquidation of the trust involving the liquidation of the subordinated debentures, the holders of the preferred securities will be entitled to receive, out of assets held by the trust, subject to the rights of any creditors of the trust, the liquidation distribution in cash. Upon any voluntary or involuntary liquidation or bankruptcy of Holdings, the property trustee, as holder of the subordinated debentures, would be a subordinated creditor of Holdings, subordinated in right of payment to all senior debt as set forth in the subordinated indenture, but entitled to receive payment in full of principal and interest before any stockholders of Holdings receive payments or distributions. Because Holdings is the guarantor under the guarantee and, under the subordinated indenture, has agreed to pay for all costs, expenses and liabilities of the trust (other than the trust's obligations to the holders of the preferred securities), the positions of a holder of preferred securities and a holder of the subordinated debentures relative to other creditors and to stockholders of Holdings in the event of liquidation or bankruptcy of Holdings would be substantially the same.