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All I have, WG, is the boat loaded with all four flavors of the CTs. That's where my research was done and where my money went. I'm sure someone here can answer your question concerning those equities.
And yes, yer gotdamn right I'm confident in the CTs. How could you tell, eh? lol
Oh, fer crissakes, they will be fine. Lookie what they did to the Phils last week. Lost my bet - the Phils would go 0 - 162 and what did them bums do, eh? Win a few...sonofa...... lol
In the meantime, have a few Sinatras and it's rib eye tonight. Get outta way.
I would digress there a minute, Stosh, on what Argus brought up and your comments about the CTs getting shite. Gotta know what ya have, ya dumb knucklehead Mets fan ya - lol. Lemme preach on it.
Noteholders are debt - has to be paid. Don't matter how much - a percentage of what is available - but ya gotta put money in their wallet. Now, know what ya have - CTs - and I've said this for years - are debt in BK and equity going forward. We must be paid. All four of the prospectuses have wording that in cases like we are in, only the full monty plus. Nothing will change my mind on that.
What is making me angry is that Pappy is not forthcoming in information here is the good ole USA. Overseas, they are going great guns, but WTF - come on. Oh, do not forget the bigger picture. CTs with the full monty plus and OBS lapping up the honey. Why do you think youse bums are still around, eh? Just sayin'.
In the meantime, have a few Sinatras and water the grass - lol.
A few important points, starting with the fin crowd:
Dine just answered - lol. But he's on these plays as well. And good on him and since he wants to go back to Korea - I know the city, but won't mention it here - me and the jersey are going over to eat and drink him out of business. Just sayin' - lol.
There is a connection with these two that prevents both legacy BKs from being sorted and getting paid. But, as I mentioned before, besides looking at those two hooligans, look at who the New Sheriff put in charge of the money. I'm sure you can see the signs.
All I know, Wayne, is that the full monty plus for the CTs is coming and those in OBS will be rewarded for the reemergence of Pappy. Simple to me.
On the other hand, have a few Sinatras and suck the head and eat the tail. Mudbug Season.
A nice little tidbit from edbk - always liked that fella. But one must remember that Pappy was YUGE overseas and I'll posit a few thoughts.
One is the tax reform - some firms are coming back, especially in manufacturing, but Pappy doesn't do that. Tax rates are key.
Of course, money is always found by Pappy, but overseas. But the question is what is the plan? Have not heard or found shite from Pappy, except the distro, what next week, eh?
And Sully - WTF? No ruling I've found so far. Seems like the stars are aligning to me. Lemme preach on it.
I think there is a perfect storm that in the short, coming months, the last two legacy plays will be very fruitful. Watch what DB and JPM do. They are the keys. We wait, but then again, we have a life.
Other than that, have a few Sinatras and throw some ribeyes on the grill after the storms the past few days.
You don't write for the Daily Mail for a living do ya? lol. Keep it simple in these last two legacy plays, Mate. Actions of the trustees and the next distro is, well, another clue to this seemingly endless fiasco.
But I'll tell ya what, Son. The full monty plus is the only result here, and I don't give a gotdamn who says otherwise. Ya have to be consistent what your DD and the actions going on to say that over the years.
In the meantime, have a few Sinatras and rock on.
Ya know, Stosh, that really doesn't matter. Maybe the schlub flew over the coo coo's nest. Three things - the upcoming distro, watch JPM and watch DB - the trustees in the last legacy plays. Keep it simple as Pappy isn't too good with info to us vultures.
Research more, if you please. The silence in the both last legacy plays is due to a judge signing an order in the JPM and DB case. Nothing more simple than that. Remember - trustees. Always the full monty plus here. Keep the faith, JOVI, it's all good.
In the meantime, have a few Sinatras and head to that grill with the yard bird in all the flavors.
Well, ya know, JOVI, in the old days, when one would say that which you said, it would be more along the lines of '...I got yer last distribution here...followed by a multisyllabic word ending in 'er' that would get you banned from the Catholic Church. lol.
With that being said, one action by a slap nuts judge signing a piece of paper between the two trusutees of the final two legacy plays - JPM and DB - I believe, ends this. When that is sorted, we'll find some closure. This shite is been going on long enough. Time for the full monty plus.
In the meantime, have a few Sinatras and suck the head and pinch the tail as mudbug season is coming to a close.
I do say, Argus - lol. The only thing I know is that until a judge says that we, the CTs, are kicked to the curb, we get the full monty plus per the prospectus. I have said before to watch who the new Sherriff puts in the money positions and where they came from.
The last two legacy plays are coming to an very profitable end - starting Tuesday. Gonna be YUGE.
In the meantime, have a few Sinatras and throw some yardbird on the grill.
Laissez les bon temps roulez. Stox has it spot on with the affiliates getting that 8.6B as well as that prospectus guarantee - only 2.5B or so to make everyone happy. That distro is gonna be YUGE. Some may not know, but Pappy and WAMU were taken done illegally - DD that for yerself.
Another related item is the DB/JPM crap that that DB won. All it takes is some flunky judge to sign off on it. But looking further, DB requested, and was granted, a look see at the FDIC holdings of WAMU. YUGE. Easy find, if you care to do DD. For us CT holders, the trustee will finally come clean and forward the full monty plus. And the holders in the third leg of the legacy play, YUGE.
In the meantime, have a few Sinatras, belly up to a bone in rib eye and wait until Tuesday.
I would suggest strongly that you keep shoveling, Stosh. lol.
We are fine - Stox has a good handle on this one. The affiliate angle and the prospectus guarantees. More important things to do - agreed?
In the meantime, have a few Sinatras and tend the garden.
Lookie here - I enjoy reading the Badda-Bing, Badda-Boop, Badda-Bop from all youse mugs and muggettes. You have to look at what you all hold, and it is a goldmine. On all of these links, just go to pages 20 thru 22 and read what is about to happen:
https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm
https://www.sec.gov/Archives/edgar/data/1083328/000104746903033240/a2119989z424b2.htm
https://www.sec.gov/Archives/edgar/data/1053521/000104746903008715/a2105395z424b2.htm
https://www.sec.gov/Archives/edgar/data/806085/000104746904010912/a2132819z424b2.htm
I would venture to say that Pappy overseas is doing rather well - read page S-1 of each document and see where Pappy is located. And, in twelve days, WAMU will be arising from the ashes which, I believe, will make all the legacy plays viable and moneymakers once more. Remember back in '08 - these three take downs were all about politics. The new Sheriff doesn't play politics. Figure it out from there.
In the meantime, have a few Sinatras and maybe a few more as this month is going to good.
I hear ya, newflow. Nols were always the play in this game - but for equity that's locked up in OBS. CTs are a different animal - debt (pay us) as well as equity. I stated this before - why roll with the CTs when you already have an established shareholder base just wanting to lick their chops and make some money?
In my view, the problem always has been with Pappy and the lack of info, except distro dates. All I'm doing these days is looking for clues as to when this horseshite is going to end. But I do believe this - we will all profit for being here. Except, maybe, what's his name, the buy high sell low guy. No matter - lol.
In the meantime, have a few Sinatras and get out the house for Fat Tuesday.
Interesting thoughts, zulual. But the four prospectuses guarantees state only the full monty plus in cases like BK. If we turned into equity, then what happens to the folks who hold OBS? They are there for a reason - dunno what, though. Pappy isn't good with info these days.
All four Cts are northward of $30 in fv and interest - should make the greedy people happy. All it takes is the Trustee to do their job. For a clue, watch what happens mid month of March with WAMU. JPM is the key. Just sayin'.
In the meantime, have a few Sinatras, belly up to some yardbird and we are all gonna fine.
You do have the ability of taking the mickey out of some one - lol. Toll Ride - lmao. That's great.
Lemme preach on something. When the SHTF in '08, I'm sure all got socked with portfolio losses. And when this TARP horseshite came out, I was looking for the folks who didn't receive it. Remember, it's all political. The trilogy was it. I hold commons and preferred in those except Pappy - only CTs. Here's why.
I wanted an optimistic return and they were hybrid - both debt and equity. So the boat was loaded. But before that, I have good friend who owns an Edward Jones office and asked her to evaluate the CTs prospectuses - very smart. And she focused in on the guarantees. And, she did not like the vulture mentality but a few years later, I told her of the FNF explosion. So what. Take some off the table and leave the boat docked.
She mentioned that in all four, there is wording that when a situation like this happens, the Trustee will call for the full monty plus. And she gave a caveat - BK lawyers are the most...I'd have to ban myself if I repeated her words - lol. And do not want any equity holders - us - in the mix. So, lo and behold, we are initially in Class 3 then bumped to Class 10. Why, eh?
At the end of the day, the Trilogy holders will win out for being here. Patience wins out over greed.
In the meantime, have a few Sinatras and watch NASCAR - turn left and go fast.
I hear ya, cat - good one with the protest music - lol. I'm with ya. Lemme preach on something.
I'm tired of this bullshite as well as are many other folks here and we all want an end. The lack of info from Pappy is just disgusting; however, I still maintain the CTs prospectus. Contract law, plain and simple. The full monty plus in a situation like this from the Trustee. Then you have BD and JPM fighting over shite. Oi vey. Very frustrating.
At the end of the day, all we can do is look at the info that's out there and speculate - nothing more, Mate. But I will tell you this - we get the full monty plus and I don't give a gotdamn who says otherwise. Just sayin' - lol.
In the meantime, have a few Sinatras - man, that rib eye was gotdamn good. Enjoy this one, cat.
Astute observation, ana, with equating our balance sheet friend with a very legal tax deduction.
Hang in there, kiddo - something is in the air with the three legacy plays and it all looks good from here. Just need some more clues to speculate - that's all we do - the outcome.
In the meantime, have a few Sinatras, grab the coppertone and throw them bone in rib eyes on the grill and get out the way.
Actually, newflow, they are two different terms yet go together. Like a salad. Take a look:
https://en.wikipedia.org/wiki/Capital_loss
https://en.wikipedia.org/wiki/Net_operating_loss
Both help the firm out in reorganizing and have plenty of tax advantages.
As far as Pappy goes, keep looking overseas as that is where the money is for our full monty plus. And that trustee sumbitch. No worries here, Mate.
In the meantime, have a few Sinatras and get yer planting started. Tomato, pepper and cucumber to start this season.
We are already in the mix for claims, settled years ago. Don need no stinkin' forms. The new Treasury guy is in - see where the putz was when the SHTF in '08. Remember, the three legacy plays were all political take downs and the new Sheriff in town doesn't play that way. For Pappy - for us boatholders, only the full monty plus is called for by law; for us boatholders in WAMU, 16 March is the date or else the 8B or so in capital losses will be gone; for us boatholders in FnF, a wild ride with more buying opportunities.
It's gonna be fun watching these three play out.
In the meantime, have a few Sinatras and clean out that garage which is full of crap - right? lol
The DOW is flying for one reason only - the new Sheriff has optimism and wanting everyone to do well. Including all the pre BK shareholders and us vultures. The three legacy plays are going to explode. Share price increase and volume increase never did matter in the past, nor now. The macro view. What does matter is the folks in charge. And I'm liking it.
So, STFU - lol - and think like a multi-millionaire as many of will here be as well as the other plays. Simple, eh? Ya dumb Pollock ya.
In the meantime, have a few Sinatras and throw a few rib eyes on the grill. Oh right, yer still shoveling that white stuff and yer cold. Move.
Take a minute or two to look up the fella that is nominated for Treasury. And look at where the schlub was when Pappy, WAMU and FnF got stolen/stiffed on the TARP Program. The putz knows. Not saying this is going to be over quick, but the new Sherriff is doing the right thing - remember that phrase. The full monty plus; although a fin would not be bad - instead of lighting my Dominicans with hundreds, it'll be fifties - no worries.
The other thing is the tax plan coming in two or three weeks. The markets soared. Repatriation of money that were going to places where the tax climate is kinder. Why do you think Pappy is largely consolidated overseas, eh? Just saying.
In the meantime, have a few Sinatras and belly up to some smoked brisket. And some of you schlemiels better start shoveling the white stuff.
And it still applies today as it did back then, YP. As I mentioned over the years, the prospectus guarantee will be the decider in everyone here receiving the full monty plus. Nothing more complicated than that. Just some folks do not possess patience in plays like this.
In the meantime, enjoy a few Sinatras and belly up to some mudbugs.
Here's another thing or three that may be of interest to some of you slap nuts that will be wealthy beyond your wildest dreams. Lemme preach on it.
Don't worry about the lawyers as they do what they do in BK cases - look macro, not micro.
Always said to look across the pond - Pappy is going great guns and making some nice dosh. Fancy that. Reemergence for the OBS folks. More vulture filthy lucre.
And the best of all, is contract law, no matter how long it takes. The prospectus guarantee of all four of the CTs. The full monty plus or better.
So relax, have a few Sinatras as it is planting season.
Here's a cut and paste for ya, Viva:
Summary
Four Lehman Brothers Holdings Capital Trust preferred stocks continue to be traded in the over-the-counter market.
Capital Trust preferred stocks are designed to be hybrid securities that possess characteristics of both debt and equity.
Capital Trust preferred stocks are designed to be “bankruptcy proof.”.
Investors should do their own due diligence. It is not possible to predict the outcomes of ongoing and potential litigation with respect to these capital trust preferred stocks.
Four Lehman Brothers Holdings Inc. (LBHI) capital trust (CT) preferred stocks continue to trade in the over-the-counter market. These are the 6.00% Series M (OTCPink:LHHMQ), the 6.375% Series K (OTCGrey:LEHKQ), the 6.375% Series L (OTCPink:LEHLQ), and the 6.24% Series N (OTCPink:LEHNQ). Each of these CT preferred stocks has a liquidation amount of $25. There are 48 million shares of these CTs, with a liquidation amount of $1.2 billion.
Dividends have been suspended since 2008 (the prospectuses of these CT preferreds allow the preferred dividends to be suspended for only 20 quarters). In recent weeks, these CT preferred stocks have traded in the 10 to 20 cent range, which is less than one cent on the dollar in terms of market price to liquidation value.
Ali Meskati of T11 Capital has said that he views the Lehman Brothers Capital Trust Preferred shares (LBCTP) as "basically a call option on a positive outcome for the reemergence of Lehman in a yet to be determined form."
"Bankruptcy Remote"
CT preferred stocks are a type of special purpose vehicle (SPV) that are designed to be "bankruptcy remote." The LBHI CTs are hybrid securities comprised of: (1) CT preferred stocks; and (2) subordinated debentures. The LEHNQ prospectus specifies:
"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."
Suffice it to say that the holders of the CT preferreds have not as yet received the liquidation distribution in cash. Rather, the bankruptcy process appears to have overridden this in order to flow the funds to senior creditors, i.e., the CT subordinated debt is included in Class 10B, with the distributions that they would have received reallocated to certain senior creditors. The CT preferred stock does not appear to be part of the bankruptcy process at the present time.
This issue appears to be the subject of an ongoing dispute in the bankruptcy proceeding (LETTER addressed to Judge Richard J. Sullivan from Rickey Gregory, dated 11/6/14 re: MOTION FOR INTERVENTION: UNDER RULE 24, UPON THE COURT'S PERMISSION. (NYSE:SC),Filed: 11/10/2014, Entered: 11/13/2014 ). It is my understanding that the parties are to apprise Judge Sullivan of their discussions regarding these and related matters by December 31, 2015. [Edit: This deadline has been postponed to February 1, 2015.] However, there can be no assurance at this time that the parties are properly considering the issues related to the LBHI CTs.
Nor is it clear that the property trustee (JPMorgan) has complied with its apparent obligation to pay off the holders of CT preferreds and then wait in line to be reimbursed for doing so via the bankruptcy process. The LEHNQ prospectus states that:
"If the property trustee fails to enforce its rights under the subordinated debentures, any holder of preferred securities may institute a legal proceeding against Holdings to enforce the property trustee's rights under the subordinated debentures. If a trust enforcement event has occurred and is continuing and such event is attributable to the failure of Holdings to pay interest or principal on the subordinated debentures when due, the registered holder of preferred securities may institute a direct action for payment on or after the due date."
Thus, if the property trustee has failed to comply with its legal obligations as property trustee with respect to the LBHI CT preferreds, it is possible that the property trustee's conduct might become the subject of future litigation.
Other Paths
Ali Meskati of T11 Capital has said that:
"The [LBHI CT'S] receiving a creditor recovery is a low probability proposition. However, there is a possibility that the [CTs] 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. … The most logical move forward would be to create a public traded company that would take advantage of the NOLs leftover from Lehman …. This would give former equity, including the [CTs], 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."
While this possibility may be a few years down the road, it does seem conceivable that the LBHI CTs could become part of the equity capitalization of a "newco" at some point in the future.
Conclusion and Some Caveats
The LBHI CT preferred stocks are still trading after all these years. Ongoing litigation is very on point with respect to the LBHI CTs. Judge Sullivan has required the parties to apprise the Court of the status of their discussions by December 31, 2015. [Edit: the schedule has been postponed to February 1, 2016.] While the probability that the parties will "do the right thing" with respect to the LBHI CTs is low, appeals may be possible.
If that doesn't work out, it is possible that the CTs could eventually become part of the equity capitalization of a "newco."
The prospects of the LBHI CTs remain uncertain given the current status of the bankruptcy process, but may be attractive to some investors given their current low market value relative to liquidation value. Investors need to do their own due diligence.
Disclosure: I am/we are long LHHMQ, LEHKQ, LEHLQ, AND LEHNQ.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I am not an attorney.
Here's a little tid bit to chew the fat on as we await the full monty plus. Seems like there is a genuine shite disturber within our midst - he done good.
http://seekingalpha.com/article/3762336-lehman-brother-holdings-capital-trust-preferred-stocks-still-trading-years
In the meantime, have a few Sinatras and throw a porterhouse or two on the grill and renew your membership in PETA - People Eating Tasty Animals.
There is only one place to look to see when Pappy emerges. And that is across the pond. Said that for a while.
And that damned prospectuses guarantee on all four of the CTs give face value plus interest. So, relax, Stosh, and the rest of the folks. You still have no idea what wealth is coming your way for being here. More to come.
In the meantime, have a few Sinatras and a cheesesteak wit. And by the way, ya old bum ya, ya lasted through 51 Super Bowls - how about 104, eh? The Grey Cup. Enjoy these shows. Yer better half would understand. By the way, phuc Lady Gaga - putuie.
Nothing to see here, Stosh. The upcoming distros were pre-planned anyway. And, of course, Pappy is being quiet with any information to the shareholders and vultures. Therein lies the rub.
However, since Pappy, and WAMU, were essentially political take downs, I'm waiting for a few more confirmations from the new Sheriff. When we talk, I'll slap a few idea on ya. May not work, but then again, better than bitching. Oh, by the way, planting season just moved up two weeks. And, I don't have a snow shovel - don't need one - lol.
In the meantime, have a few Sinatras and throw a few ribeyes on the grill.
I see that you replied to me twice on some recent posts of mine. And both were bounced. But I do have the feature of receiving a mail of those who reply before that happens.
The first was vitriolic and nasty to make it nice; Son, you have no idea who you are dealing with. I expect an apology from you. The second was a mindless rant and had no business on this board. However, I am a deplorable and I understand.
Lemme preach on it.
By the Grace of God, I lived through twelve Presidential Administrations and never have I seen a man ready to go to work for my country so quickly. And the folks he is hiring are also doers - they don't need the money as they have it from successful careers. They are doers as well.
Since most of us here have been around since 08/09, yer damn skippy we are frustrated. And the normal channels, like Cotton did with his filing, made folks aware of our predicament, nothing is seemingly being done.
However, there may be a remedy, albeit a slim one, but at least voices will be heard. I see that dnoto posted a few links to the new Sherriff. Mine is already sent, but I expect no reply for a bit as he is still waiting for confirmation for his money men. Nothing to lose as far as I can see. And not just for Pappy but the WAMU crowd, too.
In the meantime, have a few Sinatras and belly up to some cabbage rolls and hot bread and butter.
Yeah, Yeah, Yeah - what da hell do you know, Stosh, eh? lol Listen, here's what is really going on. Lemme preach on it.
The new Sheriff just bulldozed TPP, froze hiring federal workers (except military); in other words, he's a man of action. And look at the money folks he's nominated. And, he knows what is going on with Pappy and WAMU. Both fiascos are going to end this year. It's great to see someone doing the right thing. Right?
In the meantime, have a few Sinatras, throw a few rib eyes on the Barbie and watch those smoking dopes - they are not right.
I see what yer doing, dnoto. The verbiage confused me a bit.
Nice, dnoto. Saw the surge in volume and price in the various flavours of the CTs, but then seen them before over the years. But I do believe it's different, with the new Sheriff in town and his money people picks. Always optimistic in the reward coming. And, oh, Happy Nobama Day to you and yours.
In the meantime, have a few Sinatras and get the pot ready for the mudbugs.
Very interesting series of posts, Deanna. I enjoyed your perspectives on this play.
In the meantime, have a few Sinatras and a big bowl of pasta.
I'm just thinking, Argus, that this is just Pappy taking care of the kiddies. Across the pond was always going to be trouble, one way or another, but then again, Pappy's strength is across the pond. Loads of good articles on the wires over the weekend so I'm confident the full monty plus is coming our way. Pappy is taking care of business.
Exciting times for sure with that new Sherriff in town - where did you hear that term, eh? lol Ya know, with him tweeting all the time, and, with the money men he's placing in Treasury and so forth, maybe a tweet to him about Pappy would be apropos. Saw that on the WAMU board. Just sayin'.
In the meantime, enjoy a few Sinatras and always remember, when you eat mudbugs, it's a three step process - snap, suck and pinch. Can't go wrong.
I just see it as taking care of business with these court cases.
https://www.law360.com/articles/879384/lehman-bros-us-reach-deal-in-67m-foreign-tax-credit-row
And here's another angle, JOVI, to this saga. Lemme preach on it. Don't care what situation you are in - working, retired, in BK - ya have to pay taxes. In this case, Pappy took care of Junior - remember, always look across the pond - didn't get what they asked for, but got something worthwhile. Just another step closer to the reward for being here.
Dunno about the MS nonsense - remember, a new Sheriff is in town and the people he's hiring know full well what bullshite went on with Pappy and WAMU back then. And so does the new Sheriff - I gotdamn guarantee it. He's a money man. Very optimistic, JOVI. It's still about politics with the final two legacy plays. And, yep, where there is smoke, there is fire.
In the meantime, have a few Sinatras and grab one of those greasy, Jersey pizzas - save the grease as you can cook up fried eggs the next morning - lol.
Hey Stosh, whaddaya doin here, eh? It serves a purpose as the Bingo Boy eats the yellow snow. Fer chrissakes - lol.
More importantly, I'm glad some of the bloodhounds here are looking at the political angle of not only Pappy, but WAMU. Stuff will slowly and surely come out on both. And, trust me, lots of folks who had the gumption to be here, will be handsomely rewarded.
And one more thing - the day to day nonsense is crap. Look macro. Who is involved and the actions taken. The rest is malarkey, hogwash, balderdash and some Gaelic curse word I can't post.
In the meantime, have a few Sinatras and throw some yardbird on the grill.
Here's another curve ball on this play, JOVI. And something to ponder. Since the satisfied in full crowd is essential done, not paid in full like some dumbbells say who can't read and that gotdamn prospectus guarantee, it'll be 2.7B now, and adding more interest, so why not pay the full monty plus to get rid of us, eh? The investor base is there in the OBS to reemerge. Just sayin'.
In the meantime, have few Sinatras and throw a few pork chops and baby backs on the grill.
Nice to see someone picking up on the political angle of the final two legacy plays - Pappy and WAMU. And they were political seizures, make no mistake about that. Saw those articles a few days ago and it's all good, Cotton. The right people into the right places at the right time. All here want closure and shovel ready money - the new Sherriff understands.
In the meantime, have a few Sinatras and throw them bone in rib eyes on the grill.