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Lol. Okay. I am going to give you a benefit of the doubt and assume you just dont understand the court process.
I dont feel like tearing you down anymore. Lol
I think you are naturally ignorant on the CTs and the court proceedings. You just dont know what is going on. I can tell by what you post. The board will tell you, or just ask your buddy swiss, if there are cases remaining.
You are just making yourself look foolish with your artack posts even after you have been corrected.
Fine. If wu, waske and wosselek loses all their cases. 3 or 4 doesn't matter. Rex Wu is still active in the District Court. So, stop being petty with words you just don't know what is going on. Thats all. I will sell if all lawsuits are lost by THE 3. It has not happen yet. So, just stop with your lunacy and baseless attacks.
The limited discharge protection that the CTs have is under the Guarantees. If the Guarantees are disallowed and expunged so are the limited discharge provisions. Without the Guarantee, LBHI can discharge us while keeping our subordinated debt notes which have asset backing. The way they return the notes is they have to register them with a major exchange and issue the notes back to us trading. I believe listing requirement is 5 dollars a share.
We lost that right in 2011 when they disallowed our guarantee claims.
So, this Lightfoot stuff got me thinking. From the parity provision of the guarantee, aren't we in parity with the most senior preference stock of any affiliate of LBHI? That includes higher class debt holders (class 1-10A)? Arn't we protected by the Covenant against subsidiary actions as well?
How does our Dividend Stopper play into this?
I am beginning to see with what the subordinated guarantees offer, how indestructible we can be. You add in affiliates with the Parity Provisions and Subsidiaries with the Covenants and throw in the Dividend Stopper and a limited discharge, we are insulated from any defaults basically. It means, if any Lehman gets paid, we get paid. We should only take a back seat to customers and outside lenders. Right?
Rex needs to win, man. We need our Guarantee claims back.
Thanks.
Toogood, I told you many times and you now are acting stupid on the topic that if the 4Ws loses all the lawsuits, I will sell. They have not yet. So, stop your deception and just live with the fact that what you supported the past 10 years just got flushed down the toilet. All your talks and theories and what you supported is garbage.
What do you have to lose? If you can prove to me that our guarantees are still valid even though our guarantee claims are disallowed and expunged, I will give you half my shares. If you can't prove it, you with me 40% of your shares.
The guarantee covers the discharge provision. So, its the same thing. That is my offer.
Yes, the guarantee does not exist therefore the theory you supported for the past years is garbage.
But, my question is relevant to Rex's motion. V.
Does Lightfoot play into our Guarantee? Can there be any influence that our Guarantees have that could negatively or positively reflect on this Lightfoot?
Is Lightfoot still ongoing or was it created just for the Archstone sale?
Thanks
I paused in buying freddie jps and commons today and started to buy fannie instead bevause freddie missed their affordability goals. Lol. I support both GSEs.
I added more fannie 50 jps and a few commons today. I hope one day in the near future the 50s will reach 20 again.
You really need to do your DD. The 4Ws are not done yet. This already have been confirmed by others here.
I am not going to press you on points anymore. You are who you are and you know and understand what you do. For each their own. Good luck to you
Please tell me what you think I said is wrong? Point it out so, we can talk about it.
I can't post it because I do not have a copy of it. I read a copy of it off a cloud link Rex emailed me. He since took it down. Swiss, go do some DD. You and toogood sound silly talking about your scenarios to those that read the motion. Ask cottonisking, I believe from his post, he read it.
I will tell you this, its a powerful motion. I thought the 4Ws were done after the hammer Chapman dropped on them. Rex told me, Chapman pissed him off with the sanction threats. It had an opposite effect on Rex and Co. This motion showed it. The 4Ws are becoming a group of interest.
Ask cottonisking for his opinion. He seems knowledgable.
Lol. Its funny to me that after 10 plus years that you claim to be on here and you still have no clue on what is going on. Now, that is funny to me.
Well, I dont know much about the court system and fees. If its free, can you get a copy and post it to the board so we can all read it? And maybe swisscheese and toogood will learn something about the CTs, instead of making posts thinking that we still have our guarantee. Thanks
What are you talking about? Bro, go do some dd. Good night.
Its not on epiq. I dont have the link. Search Pacer. You have to pay to access it.
Yes. The District Court case number is already posted on here a few times RECENTLY.
Or if they discharge you like LBHI plans to do.
Toogood and swisscheese, both of you at once, tell me what is your perceived play and outcome with the CTs again? How is it going to happen?
You guys talk alot, but ignore all the facts. Why?
Tell me why won't we get discharged again? I need a good laugh. If you even mention the guarantee that means you are full of it. Why? I sure hope you know why.
Take it further.
1. We no longer have the guarantee. That means our discharge protection is gone.
2. We are a 10B subordinated claim only with no other rights
3. When LBHI uses the discharge, all 4 of our CTs will be discharged.
4. Unless Rex can restore our guarantee.
Other than that, swiss you are right, we will be discharged if Rex do not win.
LOL. Yeah. good point.
You know what? If you have to ask, never mind. We can just drop my topics. I said all I want to say. Good Luck to us all.
Swiss, this is where I keep telling you, do not just guess on the lawsuits. You are wrong on why Rex and Co. lost. Its a simple reason why they lost. And he laughs at it and told me that he is a life time learner and someone who can change and adopt.
I dug into him a bit and it lead to the dismissed cases and sanction talk. The Sanctions pissed him off and motivated him to find a better way to try to win. Its a slap on the face that pissed him off and woke him up at the same time. He is now prepared and ready to go "ALL THE WAY'. He said to me, Chapman can sanction him just like he can file judicial reviews on her. He have options inside and outside of the BK. He mentioned all checks and balances will be involved. He said judge Chapman is a Judge but, this is America and he have rights and he intends to exercise all his rights afforded to him as an American. Good for him.
I do not think he is done with the BK court. This is going to be good. Get your popcorn ready and watch the fireworks.
I can tell he was not happy about the sanction threat. He can take a loss but the sanction THREAT pissed him off rather than deter him. He ran the call on that point. I just let him go off Then the call ended with a transition to the BNYM briefly.
Back to the question, why did you think Rex and Co. loss up to this point? I am just curious and I will tell you why afterwards.
You don't have to argue with me. I do not care much except for the outcomes. There is one case left. So, I will also wait for that outcome as well.
What I stated to you is fact. The creditors get a notification and its up to them if they want to object or just comment on the motion or do nothing. Its a fact.
Common sense to you and I have no place in law. Law is law. code is code. facts are facts. Many times, you cant interpret a code or law with common sense. It is what it is.
And how does that make you feel? Proud? The question remains. What do we have left now that we all know that we no longer have the guarantee?
How does that effect your view or anyone's view of this CT play?
You still think our owners Barclays will take the recycled "j shares" and form a new post bk company and give shares to us?
Shares? There is still lawsuit left at the District Court. Rex and Co. lost every lawsuit that has been decided thus far. That is what I meant.
So you are saying you will take the deal? If any lawsuits are won, I get 50% of your gains. Lets be clear on that too.
My understanding is that Waske asked to be classed to a higher class and not downwards to equity. Am I wrong? The joke is on me if I misread it. Maybe I am reading what I want to hear. You are the 2nd person who is saying that Wu wants to be reclassed into equity.
Not true. If the creditors have an issue, they need to object to the motion and get their views heard before the order is decided. Once issued, the order is final unless Rex and Co or LBHI Appeals.
All creditors get a notification when motions hit the docket. It is their responsibility to review the dockets and be kept up to date With the size of this BK it goes off often and some creditors request to be taken off the notifications. That is done at their own risk. Any creditor can object or interject on any of the Rex and Co. motions.
That is a weird statement thought. "upset". Maybe it has a legal meaning. I do not know.
How about doing things right with the largest corp bk in US history.
They gave us all premium ihub features for free? I did not know that.
That is very true. And how does that make you feel? Proud? The question remains. What do we have left now that we all know that we no longer have the guarantee?
How does that effect your view or anyone's view of this CT play?
You still think our owners Barclays will take the recycled "j shares" and form a new post bk company and give shares to us?
What are you going to do without the Guarantee? Can you tell me what is left for us now that our Guarantees are disallowed and expunged?
You guys still sticking to your story that we are LBHI equity and that we will not get discharged? And, that we will emerge as one big new happy family under Barclays? Lol
Tell me what is left since you obviously hope Rex loses.
I am prepared to write my CTs off. If Rex don't win, we are all done. The dude is fighting for our guarantees.
Rex Wu is the only layer left between us and the discharge. And trust me as LBHI said all along, they will use the discharge.
Can you post the motion? Any comments? Thanks.
List them in one post and I will address them. My posts are limited per day.
What do you mean has yet to be upheld?
The Guarantee is disallowed and expunged. The order was signed by judge peck back in 2011.
Why are you reposting this? You think reposting this post gives you a leg to stand on? I dont get it. All it tells me is you need to do more DD.
Check the District Court. Rex is trying to restore our Guarantee. Remember if any lawsuits pan out, I get 50% of your gains lol. Tell me now if we have a deal and I will respond. If all the lawsuits are lost, I will give you my 150k shares. If any lawsuits win, I get 50% of your gains.
The CT's Covenants got disallowed and expunged by Judge Peck back in 2011. Don't you get it, we no longer are protected by our guarantee because the guarantee claim was disallowed and expunged.
I agree our Guarantee is a beast and the covenants are solid. We had a conditional discharge which guarantees us payment. We had a solid BK busting parity provision. But all that was disallowed and discharged. Rex is trying to fix that now.
My problem is not with the guarantee. Its with the guarantee being disallowed and expunged.