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$5.00 has always seemed a reasonable and very attainable goal. I certainly would like more, however..Anything is possible I guess..GL.
For as may as they own? I doubt it but guess possible...
BYNM to JPM as the trustees..If US Bancorp didn't file I would be highly surprised, would't you??.. That is a good question though...
Wilmington Trust vs BNYM....?? Looks like some are paid to expunge anything duplicate even though two sources have the same concerns...That is OK as it points out the multiplicity of the filings..
CTs as a whole are Iron...
In Exhibit 2 there is a reference to LHHMQ:
"Claim 33557 is being expunged solely with respect to its asserted claim of $2,901,519 for the securities with CUSIP Nos. 52517PXW6, 5252M0CM7, 52517PUP4, 52517PE31, 52517P7H8, 5252M0CH8, 5252M0DG9, 5252M0EA1, 5252M0EU7, 52520E200, 524908XA3, and 5252M0BL0."
The LHHMQ claim is being expunged because Wilmington Trust, then BNYM, and finally US Bank filed also as trustee.
Duplicates it seems...Ending up with JPM...
Jersey. I am an oxymoron; a "pumper" that has been buying..LOL.. How stupid is that??..I would like to see more investors here but not so that I can sell. I am hopeful that the more that joins the greater voice we will have...
Just one honest lawyer who knows the law...That is all I am asking for..Is that possible??
Good luck to you. I wish you success.
I can understand your answer...I also understand it takes traders and investors to make a market work...Traders will shave off profits and investors will hold for bigger gains or losses...
Why are you a trader speaking of fundamentals? You are not really up to date on your information and post as if you are wanting to buy lower..These are grey stocks and I am being honest when I say I have been at .25 on all 4 Cts this week and bought very few..
It is hard to buy these shares.
Discovered a new game called "Would you Rather."
Would you rather be gored in the hind section by a raging bull or be without any Lehman CTs once the POR has been satisfied????
We may be at $5.00 overnight...Article showing a study of recovery ratios in chapter 11..Looking at minimum of $5.00 if all goes well..
Recent research on the relative costs, length of the process, and recovery of Chapter 11 liquidations versus Chapter 7 liquidations yielded interesting results [“Business Liquidation,” 81 Am. Bankr. L.J. 65, 83 (2007)]. One study of 449 businesses that liquidated in bankruptcy during 1994 showed an average duration of 631 days for liquidations in Chapter 7 compared to 369 days for liquidations via a confirmed Chapter 11 plan.
Even more striking, converted cases — those originally filed under Chapter 11 and later converted to Chapter 7 — took an average of 1,875 days, or more than five years, to complete. The same study also showed that Chapter 7 cases provided an average recovery to unsecured creditors of less than 1 percent, whereas Chapter 11 liquidations on average provided close to a 20 percent recovery to unsecured creditors. So the file-sell-convert strategy seems less than ideal. Chapter 11 liquidations appear to provide unsecured creditors with the opportunity for more substantial recoveries faster than in Chapter 7.
Looks like the POR is about to be satisfied and this will move forward to the next level..$5.00 would be a lifechanger for many, imo...
It would go to reason if the Trusts weren't part of the filings (as one source recently said) we could be a separate entity such as Aurora and technically not part of the BK channel..However the unpaid Divi, is the biggest mystery with this theory..
Just thinking out loud..
Aurora Bank (formerly Lehman Brothers Bank) offers retail banking services such as checking accounts, money market and retirement accounts, certificates of deposit, credit cards, fixed- and adjustable-rate home mortgages, and mortgage refinancing to customers nationwide on the Web and from two branches in New Jersey and Delaware. It also provides financing to mortgage brokers and owned mortgage lender Aurora Loan Services (before it sold its operations to mortgage company Nationstar in 2012). Parent company Lehman Brothers filed for bankruptcy protection in September 2008, but Aurora Bank was not part of the filing.
Competitors:
Read more: http://www.answers.com/topic/lehman-brothers-bancorp-inc#ixzz2XSWLuYfv
Lol...This "pumper" picked up about 6k L's today at .25. Still have unfilled bid at .25 and Mr. Grey MM jumps over me to paint it .20. Yes, even if price were to touch lower numbers there are no appreciable shares that could be bought. IMO..
I am going to sleep well my all my shares locked down...I have owned them since the beginning and not about to turn them loose and into the hands of "insider" lawyers who may scoop them up on a "watercooler" hint the CTs are going to get paid..
I will not turn over my lifechanging profits based off any emails, phone calls , message boards to one who at the last minute wants my shares to better their situation..
I am going to stand on principle and the law which says "debt cannot be discharged upon reemergence.." Weil and company already said the debt will not be discharged so I am good....I/you will be a part of a new company in the very near future.. Assets are still being uncovered and it is obvious liquidation is not possible before the POR is satisfied.....
I/you am hedging my bet about being discharged by the fact if I am (against the law regarding debt), I will travel as NOL...I will be retained as a 50 billion dollar offset against any taxes that my company is smart enough to carry forward..
If we aren't a part of the law, then fellow Lemanites, we have much more to be afraid of as the world and Justice falls apart...
That is a chunk of CTs there..Thanks and nice find!
Sent my email.eom
How are you going to feel when the CTS are basing at $1.00 and looking for more when you sold at .15 ? I imagine that will feel bad...It is going to happen..
We have seen a lot of recent buying in LHHMQ..We need to eye the volume there as they are in default and perhaps astute investors realize that may be the best buy in the short term....
I think they all will default but you never know since the rug has been lifted and the dirt is being swept out... Grab the cheapest, imo...
Most posters here bring up a point now and then and then find something new....You are still on the same 2 year old article that means nothing...Do you still wear the same underwear you did 2 years ago? Time to change it up..
Mods can delete repetitive posts ..I don't mind to hear the negative, but hearing the same reference over and over is like living with a bad mother in law..
I think Black Rock owns some but haven't cracked their code yet..LOL..Seriously, I typed in some google searches to the Lehman trusts and frequently got pointed toward Black Rock..It will take some wading but i think they are there...
Who can we email tomorrow???...How about a page of addresses and email accounts...Heck let us be heard..We have all the great voices stirring...
You definitely have a talent edbk...Why don't you put some of that Detroit swag together for Eminem to preview??..I think a little Lehman rap could be good for everyone...I am sure Rhianna would help out too..
I guess the international ties prevented the bailout efforts, yet everyone knows it took a concerted effort on the part of many lenders to bring them down...Frozen assets helps no one but the litigating powers...
Wouldn't it be grand if the Feds threw a spark this way? After all, 80 billion per month has been spent in the US to stimulate things..Why not go a step further and do the right things to people who sunk their hard earned monies here and the like...No one had any problem when "Fannie got grabbed", not even Freddie...
What you keep saying is old news from 2 years ago.. That is why the shares then could be bought for .02-.08..Now that things have changed and newer possibilities exist the shares are going up in value...The market dictates the risk/reward..
That question makes absolutely no sense...We already know that the POR wraps up the 20% to seniors. After we exit the POR there will be a lot of debt remaining with a lot of assets..
Thanks hestheman..That explains things nicely.
This gets really crazy...LBSF just has 6 classes, no?
I would rather depend on on the Weil team of attorneys that have a current analysis of the situation rather than Mr. John who likely wouldn't tell you the truth if he knew, and has no understanding of the POR and debt discharge..IMO..
I don't know why we haven't mentioned NOLs in a while..Seems that at one time was how we were in fact going to recover anything..I am not sure how all that works in BK situations where the property Trustee (JPM) could somehow infuse the NOLs into their structure from the amount they own or likewise Barclays, etc..whoever...Lamco to me made the most sense at one time but was deemed too expensive, I guess..
It seems to make for a very good argument that in a higher taxed corporate scenario that buying/holding CTs for pennys on the dollar in the event they could pay for themselves many times over in NOLs may make some sense..Thus the idea of vulturing these securities in secret makes for some debatable drama, imo..
We already know that the debt will not be discharged once the POR has been satisfied..We (CTs) are classified and filed as debt so without complete liquidation and reallocation of indebtedness to the creditors we survive...That much is clear..
There is a lot of litigation between the big banks, so really no one will disclose much if anything to help us now...I think we are starting to fill in some of the gaps that were missing and conditions appear "more favorable" for some type of recovery, imo..
I see several things that are bothering you but will summarize..You moved your shares very quickly but were warned how hard it would be to buy them back...You now have zero shares....
This is no pump and dump as you suggest, lol..BK shares are locked up with no dilution unlike all other trading venues. Further more , these shares have been accumulated since 08 and are locked up...Being on the greys , well, like I said good luck....LOL..
You are making no case to those on this board so move on to the next chapter whatever that may be..
You have no proof of that in fact there are posters from the beginning who are adding to their positions and even pointing out their orders. Everything you say is speculation...
If you were happy with your gains you wouldn't be hanging around acting miserable...
What do you have to gain here since you sold other than to try and depress the pps so you can buy lower? You sold at .15 and even said you would buy all you could at .08-.10..You were then very happy with your gains, however, now that this is 2x greater than you sold you seem angry ....
Sorry buddy but you are very transparent..No one cares about your outdated and repetitive posts. In fact, seems like the more you speak the more volume and higher the pps goes.
Disgusting...I think I will contact the honorable Judge Peck next week..Thanks to those who join me...
Red flag Barclays answer...Rehearsed and in defensive mode...
I am glad you posted that Biz...
Each big bank has litigation against the other and for now no one is willing to say anything...The emails stating that their company isn't responsible coincides with the flow of proceedings..
Imagine how long a clerical job would last if an email from a "bigger bank" would suggest they could be responsible for paying Divis..
Not saying to buy but don't sell based on an email or phone response..GLTA...
I am glad you posted that Biz...
Each big bank has litigation against the other and for now no one is willing to say anything...The emails stating that their company isn't responsible coincides with the flow of proceedings..
Imagine how long a clerical job would last if an email from a "bigger bank" would suggest they could be responsible for paying Divis..
Not saying to buy but don't sell based on an email or phone response..GLTA...
This has been a great week for the Lehmanites....What has been accomplished? To be honest a ton; a voice has been heard and some dust has been knocked from under the rug..
Simple, concise and pointed questions have been directed to multiple sources and answers have been given. While we have seen the "buck" passed back and forth it boils down to the letter of the law and who is doing the interpretation,,.....Scarey....
Clues suggest the POR's final agreed upon payment is near and that is key....Knowing that the debt will carry on beyond the POR is satisfying..Any reemergence will include the CTs as we are filed under debt...
The stir this week has caught some attention, imo...It will be interesting if someone within the larger organizations agree and buy these pennys on the dollar understanding that the possible payout is 6-700x possible...
Nice observations and thanks for your efforts..If any lawyer took the time to delve into the DD here and the letter of the law I think he/she could make a good case to accumulate some CTs, but that would be just "watercooler conversation"...
I bet there is a lot more behind the scenes we just don't know that no one is willing to disclose..
JPM bought CTs on open market after BK.It is in a filing, but I haven't found it. I don't think they would buy it to just count as a loss. I am not sure about your other inquiry.
For what it is worth, JPM owns many more TruPs(CTs) than ACDU ever thought about holding..That is the important thing to note, imo....