Home > Boards > US OTC > Miscellaneous > Lehman ABS CorTS 2001-08 7.375% General Motors (CCYPQ)

Correct me if I am wrong. Old

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highwaymap   Saturday, 09/05/20 07:26:54 PM
Re: sidedraft post# 166
Post # of 169 
Correct me if I am wrong. Old GM already issued the equity shares and warrants to the trust and the trust already distributed to the holders on record back them. As far a I know, old GM is gone now and the trust have no other assets.

I do have a question. LBHI I guess maybe hold the commons? And LBHI is still in bk so, that is why ccypq is still trading? LBHI is not obligated to pay ccypq and the trust dont have any assets left? In other words, it's just a shell trading. But, why allow ccypq to continue trading if there is no value left? Ccypq is not mentioned or a part of the LBHI bk right? I think ccypq is owed by GM and LBHI owns ccypq via commons, so LBHI is owed and that is why it's still trading. Thanks

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