Replies to post #81627 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

I just want to be on the public record here brother Cotton...
When Class 12 receives new shares or cold hard cash I will be driving straight to the great state of Texas to buy you the biggest tomahawk rib eye steak from Del Frisco’s that you have ever seen! And we’ll wash it down with a bottle of Dom Perignon champagne to boot.

Git r Done

[toogoodfella]

>>>provided, however, that in the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of any remaining assets of LBHI <<<
+++++++++++++++++++++++++

SATISFIED IN FULL FOLKS.. NOT PAID IN FULL.,

This is one reason why all “Available Cash” (see LBHI meaning of the term “Available Cash” in the POR) of LBHI is being liquidated and distributed.

Other main reason of “Satisfied in Full” is for the COD not considered as income to preserve the NOL.

We have discussed these many times.





















We’ve covered these in the past.

[cottonisking]

1) D16 has paid 36.45% on LBHI Class 4A claims ($58,816.1).

2) So 63.55 % (100% - 36.45%) of LBHI Class 4A claims principal is still outstanding:

$58,816.1 x 63.55 % = $37,377.7

3) $34,548 in LBT allowed claims in LBHI class 4A x 63.55 % = $21,955.3 LBT principal outstanding for LBHI class 4A claims

4) $21,955.3 LBT principal outstanding x 57% = $12,514.5 in claims principal eligible for substitute notes or conversion to cash via a sale.

Note: $58,816,100,000 billion in LBHI class 4A claims above. LBT may have paid additional cash on LBT's LBHI class 4A claims in their foreign insolvency proceeding.




******


"NOTICE REGARDING SIXTEENTH DISTRIBUTION PURSUANT TO
THE MODIFIED THIRD AMENDED JOINT CHAPTER 11 PLAN OF
LEHMAN BROTHERS HOLDINGS INC. AND ITS AFFILIATED DEBTORS

08-13555-scc Doc 58847 Filed 09/27/18 Entered 09/27/18 06:45:14 Main Document

Lehman Brothers Holdings Inc.
Class 3 Senior Unsecured 44.585294% 0.777656% 45.362950%
Class 4A Senior Affiliate Claims 35.830254% 0.621759% 36.452013%
Class 4B Senior Affiliate Guarantee 34.960018% 0.607985% 35.568003%
Class 5 Senior Third-Party Guarantee 27.972352% 0.486388% 28.458740%
Class 6A Convenience Claims 26.000000% N/A 26.000000%
Class 6B Guarantee Convenience Claims 17.000000% N/A 17.000000%
Class 7 General Unsecured 41.747033% 0.727531% 42.474564%
Class 8 Affiliate Claims 32.917960% 0.571635% 33.489595%
Class 9A Third Party Guarantee Claims other than of the RACERS Trusts 26.331561% 0.457308% 26.788869%
Class 9B Third Party Guarantee Claims of the RACERS Trusts 16.008221% 0.278148% 16.286369%
Class 10A Subordinated Class 10A Claims N/A (2) N/A (2) N/A (2)
Class 10B Subordinated Class 10B Claims N/A (2) N/A (2) N/A (2)
Class 10C Subordinated Class 10C Claims N/A (2) N/A (2) N/A (2)

.
.
.
Lehman Brothers Holdings Inc.
3 Senior Unsecured 83,744. $ - 0 $ - $ $ 83,744.0
4A Senior Affiliate Claims 58,816.1 - - 58,816.1
4B Senior Affiliate Guarantee 10,990.7 - - 10,990.7
5 Senior Third-Party Guarantee - 31,991.5 (17.1) 31,974.3
7 General Unsecured 5,809.4 - 75.0 5,884.4
8 Affiliate Claims 497.8 - - 497.8
9A Third Party Guarantee Claims other than of the RACERS Trusts 19,151.1 328.7 (0.4) 19,479.4
9B Third Party Guarantee Claims of the RACERS Trusts - 1,947.7 - 1,947.7
10A Subordinated Class 10A Claims - 3,399.1 - 3,399.1
10B Subordinated Class 10B Claims - 10,330.4 - 10,330.4
10C Subordinated Class 10C Claims - 1,492.9 - 1,492.9
Total $ 228,170.8 $ 403.7 $ (17.6) $ 228,557.0 (4)"