You can be "All Positive" all you want about what 'Could happen' BUT if expected recoveries are hardly going to be $200M, why can't they 'Distribute' all that in the upcoming Distribution and do the 'BK Close' by Dec 6th, 2025? OR Even if they need a little more time to 'Wrap up Things', then they would have sought an "Extension' for A WHOLE ONE More Year till Dec 6th, 2026! But NO. They are seeking for another $ LOOOONg Years till Dec 6th, 2029! WHY?
The ONLY reason for that could be to 'Keep on Grabbing' the CTs Payments for themselves because at this point, the only recoveries I can think are coming from the CTs! So, they want to just Keep on STEALING the CTs recoveries for themselves and come 2029, they will seek another "5-Year Extension' till 2034 because they will say at that time that they 'Expect' another 250M in 'Recoveries'....This is a "Chapter 7" being executed as a "Chapter 11' because that is the ONLY way they can Keep ON STEALING the CT Recoveries till the CTs Maturity times of 2052 - 2054!
You may have your own views of whether a Legal Recourse will succeed or NOT but the Fact remains that the Current Administration is being 'Kept Alive' only with the Intent of Maximizing ALL Recoveries for Sr Creditors, even Illegally by kicking down Ct from Class 4 to Class 10-B and all actions are Sels-evident that the "Administrators' are NOT really interested in any Recoveries for the "Lehman Common Equity Holders' Stock in the "Plan Trust".
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