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Re: stoxjock post# 110331

Wednesday, 03/13/2024 5:05:43 PM

Wednesday, March 13, 2024 5:05:43 PM

Post# of 116193
We are not going to receive anything under this distribution. Whatever the outcome may be and the path of distribution is decided, our dividend payments are still reallocated to senior creditors as per the POR. That needs to close which means all lawsuits need to close. Expecting another year or so of this juggle until all the lawsuits are done. Then, we come out as a going concern and hopefully the divvies are reinstated which will then help propel the stock back to its FV and maybe, just maybe, slightly beyond. That conclusion is drawn thanks to the DD by Mellon who has convinced me that there are tax advantages to receiving the divvies from LBHI if you live outside Delaware which includes most of us. Imagine getting a quarterly dividend and you don't have to pay taxes on it. Life is good. Am never selling these shares unless the market takes it up to $50/share when the divvies are reinstated but that's just wishful thinking!

Anything that I post related to stocks is my own opinion and should not be considered an offer that you cannot refuse. But if you do refuse, my consigliere will be there to see you!!

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