Replies to post #106609 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

You stated that before.

The bottom line is what?

Lol

Oh. If this craps out.

AT LEAST WE ARE DONE. HOORAY. NO MORE TORTURE.

its to funky though. Cant figure the end.

Rex and Joe W. Still got moves to

GLTA

[stockmojo9]

MR,

The claim is a valid claim.

The claim will be resolved when they resolve the claims of that class and not before.

mojo9

[stockanalyze]

did you sell or holding?

[real777mellon]

I find it amazing how few people read prospectus of the CT enough to realize #1 they are not part of the bankruptcy. They are not part of the escrow or the distributions from LBHI under the Plan Trust or a part of the escrow/Plan Stock and trust interests.

#2 The CTs were set up to NOT have anything to do with the Traditional Preferred Shares and the bogus nature of "Old Lehman"...

That's why each of the separate Lehman Brothers Holdings Capital Trust's that still trade OTC III-VI are all sep entities set up as Delaware Statutory Trusts under the Secretary of State when LBHI filed a certificate for each separately III and they were approved each as independent DST under the Delaware Statutory Trust Act and remain set up that way not even as LBHI "subsidiaries" - but using Chase Manhattan Bank, USA (in Newark, DE) as each of the 4 CT "DST" entities as their Registered Agent (mailing address in Delaware). Then the "Trust" or (CT) III-VI all registered as DST in Delaware from July 16, 1998 to the last three on April 1, 1999 waited for 2 years before the first prospectus was issued explaining how they worked in the SEC filing and how each of these "CT" starting with III would issue its own # of "Preferred Securities" with 6.375% to be paid quarterly and then also common shares as well that LBHI would own 100% for each of the 4 CT. They would also transfer the issued Preferred Securities to LBHI who would then sell them to the public, basically LBI as the main underwriter and #1 holder but all institutions or "accredited investors" JP Morgan, Wachovia, Goldman, the entire street. Once all the preferred shares were sold to the underwriters - they were allowed to broker them and off they went. In return for the III preferred securities issued by the CT (III) LBHI would give identical terms and issuance of their own issued preferred securities back to the CT. The guarantee was part of the prospectus $25 liquidation. But the operational days included a trustee to manage the distribution of assets/debt that LBHI would give when making money off its subsidiaries to the trustee (JP Morgan Chase) in Manhattan who held onto the *Trusts* subordinated debentures (debt that was used to make the Trust's assets grow over time) as well as the agree 6.375% CASH quarterly distributions. In order to have money to make these distrubtions to the CT's Preferred Shareholders, the Trustee had to have enough subordinated debentures from LBHI in the Trust's account which the Trustee managed custody, management, as well as cash distribution to who helds the CT's Issued Preferred Securities. In this way, the CT never handled it's distributions directly to its shareholders, but the assets in the trustee managing all the LBHI issued debentures to the CT account at JP Morgan Chase was always considered the CT's possession even though the trustee made it so the CT never handled anything but issuing the initial Preferred Shares and common shares itself and then transferring to LBHI. This is a very complicated thing but after awhile you can see the setup completely removes it from having anything to do with the CH 11 LBHI filed or it somehow losing its guarantee - right now the Preferred Securities issued by the DST registered entity, and all their prospectus guarantees and interest payments in CASH are still 100% intact. The thing is LBHI PT has to begin disclosing its hoards of cash at some point but if you read the LBHI PT SEC 8-K you see they withhold est recoveries and their own investments in subsidiaries and affiliates because lawyer recommendations and bc as an unlisted company, they have no obigation to disclose everything to the SEC.

https://www.bizapedia.com/de/lehman-brothers-holdings-capital-trust-iii.html

None of these 4 CT will be affected like the old preferred shares. These are a new innovation yet to be fully appreciated and protected by a plethora of very smart legal work as well as a way to capitalize a "newLehman" - maybe a koncern of independent financial institutions across the globe that work as affiliates. Just saying.