The ECAPS' and CTs' note holders for this agreement and distribution are listed below:
A distribution in respect of the Company’s unsecured, non-preferential subordinated liabilities in accordance with the Framework Agreement recently entered into by, amongst others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital Funding III LP and LBHI as the holders of relevant subordinated liabilities.
The Partnerships and Trusts should hold all the notes via the property Trustee, BNYM. However, this is an agreement or contract.
What will LBHI do with their share of this cash? No Idea, but the partnerships listed above will pay their ECAPS' Holders.
The CTs' are still trading on a fake Expert Market: True
For one reason. They are able to exist on US OTC and Canadian retail brokerages allow limited access to new orders and purchase of shares, but collusion in the US has said "too risky to allow you to buy" per each retail brokers policy to block you out. Why? Simple. The US appetite for OTC and CH11 -Q stock investment is HIGH since 2021 and the whole Reddit mania, retail is smarter now. Canada access to the US OTC is for one reason, if the shares were delisted, we each would be owed $25 and stat interest on ever LBHI CT Preferred Share immediately into our accounts cash. So they keep the availability almost impossible for US folks to get in on while most Canada OTC doesn't even realize these shares and their guarantee exists. But mark my words - they know they'd rather wait til the CH 11 is successfully exited and all attached litigation to recover LBHI $ to pay us rather than pay ahead of time. And possibly, they may have plans to recapitalize some sort of Lehman 2.0 using our 48 Million Shares as the beginning capitalization of a Leh 2.0. That was on a Seeking Alpha article in 2019 but I can't say it's impossible. Maybe they have plans to operate after this in the US. Why not?