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Thursday, September 11, 2014 6:12:17 PM
BNYM is the Trustee for the preferred side of the trust 97% and also had a claim in for that amount which was not in dispute. With the moton aprroved to invest JPM was issued a one time payment of arouund 566 million instead of the 1.8 or so billion they claimed was owed..The claim is no longer in dispute due to the motion to invest..JPM got payment and LBHI has the common side of the trust...I do believe this and do your own Due D.
Now whay aren't the trust being redeemed..
A new company to be formed needs a share structure..The capital trust are the share structure..OLD DEBT from before Bankruptcy...They have both a debt and equity side...3% common the equity side and 97% debt the preferred side..
Now the thing to see is for LBHI to start megering...Not just one but many to take advantage of the NoL's...Lehman's exited bankruptcy in 2012..I wonder why the Q has stayed on the ticker symbol..
All just my thoughts and good luck to all
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