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Thursday, July 23, 2020 1:37:16 PM
You fail to understand that LBHI cannot issue new LBHI stock to the CTs even if they wanted to because the BK court already shot that down. LBHI is no longer permitted to issue new stock. While I agree with most here that there will be a surviving company, it will be with new blood. The CTs were heading towards a gangster "I will steal your money ending" until Wu and Waske came in. The CTs were heading to a quiet discharge with a no objection from our trustee.
After reading the Wu statement, I contribute the price movement here to the UK court guidance. I am going to say all the Schwab account income displays is because of Wu's action.
What fantasy are you living thinking we are magically going to get out of class 10b intact without intervention? There is no piece of a pie planned out by the plan Administrator and LBHI for the CTs. If you want a piece of the pie, you have to go get it. That is what is happening with Wu and Waske.
The most hilariously thing is you still think the CTs are part of LHBI's equity or you think the CTs will magically get lbhi shares. You also think the POR will close in 9 days with the indemnity claims outstanding worth over a billion dollars? The outcome you are peddling is flawed at a major league level.
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