Tuesday, January 24, 2023 9:47:16 PM
I do. If you are familiar with the bankruptcy process it was obvious in 2011 just looking at the financials. The disclosure statement said that the CTs, or those in class10b, would see zero recovery. An investor needs to start there and find why the disclosure statement is wrong versus you, an inexperienced investor, looking to a social network of other inexperienced investors, to prove yourself right This board suffers from severe confirmation bias. You grasp at any theory that sees the CTs getting a recovery without question. Yet, you make personal attacks on those that do. Even going as far as calling my not-for-profit project a scam, Jersey.
TGF talks recapitalization with nothing to back up his theory. Swiss speaks of some debt for equity swap without the how that could be accomplished with Lehman being fully liquidated. Cotton says today "Lehman Brothers' Plan Trust is currently calculating the Stock Distributions for equity holders." Some are politely asking for more information. Politely because you want it so badly to be true. You would rater someone lie to you to give hope, instead of seeking the truth from those more experienced. And many talk about the NOLs making a distribution possible when it is well known and Lehman has said they will be fully utilized.
Jersey, it is not difficult to see what is coming if you just face up to the realty of the facts.
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