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Would love to get a surprise deposit in my Roth and non-Roth retirement accounts. Have my cusip shares about evenly split between the two. If we get the fudge shares I'll hold those for awhile. Any cash will allow me to buy more VIHAW warrants (already have 50k of those, but need more!). It's the first crypto exchange to go public through a SPAC, and will have ICE (owner of the NYSE) as a majority holder!
Been accumulating the warrants. Currently have 43k and am going to sit back and watch the fireworks now.
They are lagging behind the commons and should be about $6 per right now (currently about $4.60 or so).
In case anyone's interested, the warrants have the symbol VIHAW, expire on 10/22/2027, are 1:1 for commons, and have a strike price of $11.50.
Thanks for starting this board! I bought 19k warrants on Friday at about $4.40/per. With Microsoft involved and the article by Bloomberg, I figured it's a risk worth taking.
This could get crazy this upcoming week, even just on the rumor. I'll probably buy some more warrants on any morning dips tomorrow. Could be a life changer! GLTA!
Just an empty envelope, they destroyed the document before sending it! :)
IEAWW taking off, upcoming IEA earnings should be great!
Also, something to keep in mind with the warrants (IEAWW) is that if IEA hits 11.50, the warrants should be at least $1 (probably higher) at that point because of the time value. Every dollar above that, the warrants will also move a dollar most likely. So when IEA hits $13, IEAWW should be at least $2.50.
I see that, and the warrants are looking good too! I believe IEA will continue a nice steady climb into the teens, with the warrants hitting a buck within the next week!
Warrants are creeping up and should be in the money when IEA hits $11.50. Something must be in the works!
Share price and warrants are climbing nicely, maybe some news will be coming soon!
Thanks for the quick reply! I thought more about the exercise price of the warrants, and think they won't be in the money until IEA hits 11.50, which could happen sooner than later!
Good luck to you and any others on the board!
Looks like IEA is moving up nice and quiet, looking good here!
I'm considering buying some IEAWW warrants. Are they in the money at $5.75 since they are exercisable for 1/2 a share? Also, when would the warrants expire? Thanks!
I know this was suggested a few weeks ago, but I put a GTC limit sell on all my warrants for $100. It's a way to prevent your shares from being used for shorting. I'd suggest everyone else do the same!
If it drops down near a buck tomorrow I'm planning on buying up another 40k or so warrants!
Looks like the ask for the warrants is creeping up as people take it out. Prior to today the ask wasn't budging. I bought 6k more warrants down around a buck last week at the ask and it didn't change the # of shares being offered at that price, which I figured was a MM game. And now to see 15k on the bid could mean they're going to let it fly???
Question about the warrants...is the price always going to pretty much be based on the intrinsic and time value formula? Meaning will the price always correct itself if a large number of warrants are sold at the bid?
I'm asking because my theory is this:
We know that the new HOFVW warrants when exercised will be for 1.42 HOFV shares. The old warrants were 1 for 1. So if somebody wanted to maintain the equivalent # of target shares when exercised, they could sell a percentage (about 30% according to my math) of their HOFVW warrants and maintain the same potential of HOFV shares as the original GPAQW warrants.
Does that make sense? That could ex
plain why the warrants dipped in price, but then later recovered to about $2 or so, because some folks sold some of their profit warrants on the open market.
100 x 1.42 = 142
To get back to 100:
142 x .7 = about 100 (70% of 142)
I think this is showing that we (warrant holders) made an immediate 30% (not 42%) gain with the merger.
I'm following this board, own only a good chunk of warrants, no commons.
I'm sure others will start switching to this board today.
GLTU!
Thanks! Should be getting ready for blast off anytime now!!!
I only own the warrants, and TDA isn't allowing me to get a quote on the underlying HOFV. I'm curious what price range it's trading in PM?
Thanks for the heads up on this one a few weeks back!!! Making big bucks, and probably more to come!
I'm curious why the warrants aren't moving a lot higher today also?
Sounds good, just started watching a few of your picks and am impressed! Also bought some EMAN today as well so maybe both will hit next week.
Has this traded AH today? I've seen the bid/ask at 5.06/17.00 with the last trade at 13.79. Just bought in today so not sure what's normal for HMG. Thanks!
Hey Jersey, your first post went on the LEHDQ board by mistake. First post there in 7 years!
Hope all is well! Our day will come...
This definitely seems related to what dnoto posted. I found it while searching Epiq for all cases related to "Lehman".
It came from the docket for the LUK mentioned by Cotton.
http://dm.epiq11.com/#/case/LUK/dockets (only 92 docket entries, #1 was from Aug 2017)
Who is this existing entity called "Lehman Pass-Through Securities Inc."???
Is this new entity called "Brookfield Special Opportunities Inc." the reorganized LBHI???
http://document.epiq11.com/document/getdocumentbycode/?docId=3404322&projectCode=LUK&source=DM
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
----------------------------------------------------------------x
In re: :
: Chapter 11
LEHMAN BROTHERS U.K. :
HOLDINGS (DELAWARE) INC. and : Case No. 17-12442 (SCC)
LEHMAN PASS-THROUGH SECURITIES INC., :
: (Jointly Administered)
Debtors.1 :
----------------------------------------------------------------x
FINAL DECREE (I) CLOSING THE
CHAPTER 11 CASES AND (II) APPROVING THE TERMINATION
OF EPIQ BANKRUPTCY SOLUTIONS, LLC AS CLAIMS AND NOTICING AGENT
Upon the Motion, dated May 11, 2018 (the “Motion”),2 of Lehman Brothers U.K.
Holdings (Delaware) Inc.and Lehman Pass-Through Securities Inc. (collectively, the “Debtors” or “Reorganized Debtors,” as applicable), pursuant to section 350(a) of title 11 of the United States Code (the “Bankruptcy Code”), for entry of a final decree (i) closing the above-captioned
chapter 11 cases, and (ii) approving the termination of Epiq Bankruptcy Solutions, LLC (“Epiq”)
as claims and noticing agent, all as more fully described in the Motion; and the Court having
jurisdiction to consider the Motion and the relief requested therein in accordance with 28 U.S.C.
§§ 157 and 1334 and Amended Standing Order of Reference M-431, dated January 31, 2012
(Preska, C.J.); and consideration of the Motion and the relief requested therein being a core
proceeding pursuant to 28 U.S.C. § 157(b); and venue being proper before this Court pursuant to
1 The Debtors in these chapter 11 cases, together with the last four digits of each Debtor’s federal tax identification
number, are Lehman Brothers U.K. Holdings (Delaware) Inc. (5453) and Lehman Pass-Through Securities Inc.
(6210). As reorganized, the Debtors have been renamed Brookfield Special Opportunities Inc., and Brookfield Global
Real Estate Special Opportunities Inc., respectively. The Reorganized Debtors’ mailing address is 250 Vesey Street,
15th Floor, New York, New York 10281. Solely for ease of reference, the Debtors and Reorganized Debtors are
herein referred to by their pre-reorganization names.
2 Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Motion and the
Plan.
17-12442-scc Doc 92 Filed 06/14/18 Entered 06/14/18 16:42:17 Main Document
Pg 1 of 3
2
28 U.S.C. §§ 1408 and 1409; and due and proper notice of the Motion having been provided, and
it appearing that no other or further notice need be provided; and a hearing having been held to
consider the relief requested in the Motion, if necessary; and the Court having found and
determined that the relief sought in the Motion is in the best interests of the Reorganized Debtors,
the Debtors’ estates, creditors, shareholders, and all parties in interest, and that the legal and factual
bases set forth in the Motion establish just cause for the relief granted herein; and after due
deliberation and sufficient cause appearing therefor, it is
ORDERED that the Motion is granted as provided herein; and it is further
ORDERED that, pursuant to section 350(a) of the Bankruptcy Code, these chapter
11 cases (Nos. 17-12442 (SCC) and 17-12443 (SCC)) are hereby closed; and it is further
ORDERED that the Reorganized Debtors and their agents are authorized to take all
actions necessary or appropriate to effectuate the relief granted pursuant to this final decree; and
it is further
ORDERED that all expenses arising from the administration of the Debtors’ estates
and these chapter 11 cases, including, without limitation, the fees arising under 28 U.S.C. § 1930,
have been paid or shall be paid in accordance with the Plan; and it is further
ORDERED, that the Debtors shall reserve sufficient funds or make appropriate
provisions to pay the Office of the United States Trustee the amount of any quarterly fees due
pursuant to 28 U.S.C. § 1930 and any applicable interest due pursuant to 31 U.S.C. § 3717, which
fees and interest, if any, shall be paid within ten (10) days of the entry of this final decree. Upon
the payment of such quarterly fees, the Debtors shall simultaneously provide to the United States
Trustee an affidavit indicating cash disbursements from March 1, 2018 through the date of the
entry of this final decree; and it is further
17-12442-scc Doc 92 Filed 06/14/18 Entered 06/14/18 16:42:17 Main Document
Pg 2 of 3
3
ORDERED that, Epiq shall (a) prepare final claims registers for the Clerk’s Office
pursuant to the guidelines for implementing 28 U.S.C. § 156(c) and (b) box and transport all claims
to the Federal Archives, at the direction of the Clerk’s Office; and it is further
ORDERED that, except as expressly provided herein, Epiq is released as claims
and noticing agent in the chapter 11 cases under Bankruptcy Rule 2002, 28 U.S.C. § 156(c) and
the Appointment Order; and it is further
ORDERED that, notwithstanding anything to the contrary, the provisions of this
final decree shall be immediately effective and enforceable upon its entry; and it is further
ORDERED that this Court shall retain jurisdiction to hear and determine all matters
arising from or related to this Order.
Dated: June 14, 2018
New York, New York
/S/ Shelley C. Chapman
HONORABLE SHELLEY C. CHAPMAN
UNITED STATES BANKRUPTCY JUDGE
17-12442-scc Doc 92 Filed 06/14/18 Entered 06/14/18 16:42:17 Main Document
Pg 3 of 3
Hey Jersey, any claim can be settled up to $200M without court approval and at any point. There is a docket entry that describes this sort of claim settlement, I just don't have it at my fingertips at the moment.
This sucker may actually close greener than the lame St Patrick's day shirt I'm o'wearin!
This issue has been discussed over the last few years, and there is a case to be made about the CTs being part of the settlement, I'm just not up to rehashing it.
There are a few ways the CTs could end up getting a payment, and that was just one of them...
Correct, but the 4 CTs are also mentioned in Section C in JPM's claim (#66455), and that is one of the claims listed in this settlement agreement being discussed.
Pull up Claim #66455 and scroll almost all the way to the bottom and you'll see Section C where our CTs are mentioned.
http://document.epiq11.com/document/getdocumentbycode/?docId=2375241&projectCode=LBH
Could it be that the $200M limit goes along with the Order [29505] dealing with Distributions???
ORDERED that the Settlement Procedures (as such term is defined in the Claims
Settlement Order) shall be superseded by the following:
1. The Plan Administrator is authorized to settle any and all Claims (as such
term is defined in the Plan) asserted against the Debtors without prior
approval of the Court or any other party in interest where (a) the allowed
amount of the settled Claim is less than or equal to $200 million or (b) if
the Claim is a portion of a Divided Claim (as defined below), the Pro-Rata
Amount (as defined below) is less than or equal to $200 million.
http://document.epiq11.com/document/getdocumentbycode/?docId=1771844&projectCode=LBH
zulual - where did you get the info about the $200M for those claim #s?
"since there are so few TOTAL shareholders..........."
The few, the proud, the Mariners!
Either way, good or bad, I've got my stash of tickets! I'm ready for some closure on this CUSIP!
I sure do hope WE are included in the WEEEEEEE!
Same goes to you Robigus. We'll see this through to the end one way or the other! I'm keeping the hope alive and think there will be a reward for those of us who took a shot investing in the CTs for pennies on the dollar.
I believe the cases will be settled and the restricted cash will be distributed (or not) within the next year or so. I think we will see a new business going forward (going concern) and the CTs (and possibly equity) will have part ownership of that new entity.
I believe an unnamed poster who has been anti-CTs for years created an unnamed less-negative alias in late 2014 that was to be used in case the CTs get part of the action. Not a bad idea!
Good luck to the unnamed less-negative alias!
You have the entries for $2 and $2.48 listed below. It's crazy to see those sort of sales! I wish I had checked my balances for those 9 minutes where $2.48 was the last price traded...
============================================================
No news. Thanks for sharing. Does not show up on yahoo.
LEHNQ
Time ET Ex Price Change Volume
15:29:36 Q 0.101 -0.076 1,000
14:36:20 Q 0.101 -0.076 800
14:27:40 Q 2.00 1.823 100
14:27:40 Q 2.48 2.303 100
13:27:50 Q 0.101 -0.076 500
This is just my opinion, but it looks to me like the last page of the notice is just reporting that there are some claims within each class that have been satisfied in full (settlement agreements) since the last distribution date. Likewise, there are also new claims in each of those classes. The overall net (+ or -) of those changes since the last distribution is what is being reported.
I saw similar #s in the notice of distribution back in September 2015.
Again, it's just my opinion, but the footnote helps clarify it.
Once again I hope I am very wrong about this though because I am SUPER long on the CTs as well as equity!
The way I read it is that JPM isn't required to make the $1.4B payment until there is no more chance of a new appeal by Mr Kuntz.
I'm not sure how this relates to the wrapping up of the bankruptcy as a whole, but I'd love to see that finally happen!
The reason for the June payout is that the funds from the JPM settlement were expected to have been available for the 9th distribution that happened in March. Because of Kuntz's appeals, the funds ended up not being available. Now that the appeals have been dismissed, they wanted to get the funds to the creditors ASAP in order before there was a chance of any more delays by means of additional appeals. If they waited until the normal distribution in Oct, there was concern a new appeal could prevent the settlement funds from being available even for that distribution.
I believe this extra distribution will be treated like any other distribution in the past, but I would love to be wrong about that. The wording in the docket makes it pretty clear though that it will be business as usual.
That's correct, I believe LBHI ended up with a $1.5B claim against LBI based on the CDA.