Hi all,
I am owner of the common shares now blocked in OBS. It means I follow this BS from the begining.
Let me post this message as a green light between Real777 and Toogood. I think the discussion is very nervous in the past several days. And it is a pitty. Futhermore, both posters are right IMO. Let me explain that.
1) The LBHI is US company under US jurisdiction and the latest rule for LBHI is the POR.
No other countries with their jurisdictions can not replace the POR.
POR clearly states how the process will continue. Or all creditors will be satisfied in full, or at least 30 days after the final distro, or XII/2025.
I can not find in POR any other condition to close the POR with relation to other countries or jurisdictions.
So with the closing of the POR the TooGoog is right IMO.
2) As well as I understand Real777 who is right with the UK court to continue the payments to the LBHI from the UK subsidiaries or European subs. LBH PLC, LBIE, etc.. That is good, it means the LBHI can continue in business and will have the structure of subs and will be receing the money in the future.
That means, the LBHI could going concern after POR closing as the reorganized entity and will receive the money from arround the world.
So genlemen, please forgot the details, the most important for us is to close the POR, use the NOLs and get new capital to operate as the new entity.
That is our main target.
Sorry if my post is too long,
GLTA,
Muff
Bullish
