Wednesday, October 09, 2019 3:29:30 PM
How much will the new buyer pay?
What exactly will they buy? Have they been buying the claims down like the Judge & Trustee prefer?
How will they compliment the subsidiaries, many of whom have shut their doors?
How much will they credit the remaining Debt claims? Creditor claims?
Did you see my earlier questions on establishing a new Broker-Dealer? What is the incentive?
JPM wanted out of their Broker-Dealer finance facility the way the guarantees were structured; I doubt they want to start it up again with all the overlap from their IB unit.
It is hard for a new entity to get involved and get control without spending billions for Lehman before discharge. They'll likely be in protracted Court settlements if they do.
After discharge, all remaining claims could be consolidated in a new issue.
Why would anyone want to get control of it before then? Including BNYM?
After the claims sale, the hair will be trimmed. After discharge, the hair will be off.
mojo
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM