Daisy: "Shake your booty...Shake booty...<boom> <boom> <boom> shake your booty!"
Joe: "stop that...I said stop. Hear me out!
Run, just don't walk away from these shares. The underlying bonds of these trust shares are in bankruptcy. The Plan of Reorganization (POR) clearly states of the funds from this liquidation shall be distributed. It is very clear there will be NO distribution to these CTs shares. Any argument that there will be is nonsense. There will be no distribution this month, nor next month, or any month. Most here will say that no one really knows that. Not so. All you need to look at is what is owned to more senior debt that have priority over the Cts for distributions, and then look at how much is left to be liquidated to see that there is a much higher than $100 billion short fall. Many here are trying to take disparate excerpts from various court filings and trying to say there is a link to the Cts and eventual payout. They don't. It is very clear and defined that that the Cts are class 10B debt.
But the key think to think about is after 6 years of Lehman being in BK, why is it that their is no volume and the shares linger under 50 cents with wide spreads? Do you really want to base you investment decision on flawed information given out here, or look to see what the logic and and the market is telling you. If you read the disclosure statement here you will also see that it is estimated that the Ct shares will see no recovery. http://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm#rom224677_189
Daisy: "what!??! I can't hear you! <boom> <boom> <boom> shake your booty!"
Doing DD on this is different. I was reading the 8K from July 30, 2014. The Joint Recovery pool is complicated and referrals to the bankruptcy courts are even more complicated.
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