EXO, this is truly a GREAT post filled with common sense and in my view spot on correct!
The following is EXOs post:
All here feel the same, we hope this will wrap up soon and payments for those that did what was necessary to get them. You know little things like buy the shares and release the shares on time should get paid. Some think nothing is coming back but that is called a chapter 7 bankruptcy right??? We had a chapter 11 bankruptcy!!!! Please look up the difference... Chapter 11 is an on going concern!!!! It was proved in court... That means more to come people by definition... So simple a concept... I am trying to make it so simple a child can understand, but not come off condescending... If you believe nothing is coming back I am happy for you staying here for no apparent logical reason... remember you, not me think nothing is coming back, so why stay??? I had a friend that used to try to pis$ off others years ago. He held no shares but loved to stir the pot... I firmly believe that old share holders will be just fine.
Remember the judge would not pierce the corporate veil, scolded lawyers to not bring that up again in her court. Shiela went to Congress to change the laws on holding company's. They did change it going forward but that did NOT affect LEHMAN of WAMU. Going forward holding company's do not have the protections we received. Remember this is a Ch 11 so there is a going concern. It may not be an immediate pay day... DOOOUUUGGGHHHHH The company has to deal with their share holders in time but there are many unresolved issues. A HUGE one is the FDIC-R has not been released yet. In turn they have a small matter of $299,000,000,000.00 (299 Billion)... With no losses to the FDIC, hahahahahaha I would guess not... hahahahaha So I could go on but it does not matter what PROOF is provided, we can not say with 100% certainty what EXACTLY my/our company has... While a little frustrating I can not pierce the corporate veil either. We have educated guesses on what there is but after a decade only a few know and they are not talking, are they...
Will LEHMAN be a possible merger for more shareholder value???Maybe... One thing is for certain, this is a going concern per Chapter 11 status. Time will tell us all and our opinions will not affect the outcome!!!
Hero or Zero... you get to decide for yourself... but make no mistake this is NOT OVER!!!!
Have a great Day!!!
EXO
...
