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Re: indepth05 post# 111051

Thursday, 05/23/2024 7:05:14 AM

Thursday, May 23, 2024 7:05:14 AM

Post# of 111843
disagree. If you went back and looked at the past you'd find the state of LBHI and the consolidated subsidiaries on its balance sheet and specifically the Repo105 transactions that LBHI was not allowed to clear by JPMorgan Chase without post $7B or so in extra collateral over dispute on the assets. If you know the Jenner report on the accounting practices of LBHI and it's subsidiaries and how the balance sheet worked to get assets both off-balance sheet to third party institutions for cash that would go to LBIE but also show consolidated on LBHI's balance sheet instantly you would know there's probably money stuck in one of these Repos that accounting wise would make sense given the UK Administration of LBIE and LBH PLC began hours before the market opened and before LBHI filed the CH 11 also before the market open on Sep 15 2008.

Therefore you wouldn't be thinking about losing anything. You paid cheap for these and you're lucky to remain holding. Sure don't think everyday - but follow a long and instead of driving yourself insane with possibilities learn all the details and complexities surrounding the accounting and the breakup of the bankruptcy, "administrations", SIPC liquidations, and other unwindings and sales worldwide. You might find peace in knowing more about how this process will play out and when and timing is a clear advantage of a good thorough accounting and operations review of where Lehman was with it's parent company when it filed Ch 11.

My two cents (although I bought plenty at just 0.01!).
Bullish
Bullish