Replies to post #111189 on Lehman Brothers Financial SA (LEHNQ)

[bluebird50]

5 dollar signs…. Too much time on your hands! lol

[GreatFinancialCosplay08]

By law, pretty much, back interest and a liq min of $25 per share are not just owed, but guaranteed - just CH 11 is still open. Therefore - there's a jam in the pipeline that allows us to get whatever value (known, unknown, and yet to be) to pay our simple guarantees in full - at the very least.

Reminder - you all know since I shared the post that from 2005-2008 there's plenty of places worldwide LBHI was placing its money via various branches and subsidiaries etc. And that's just one reason to think a little differently about this ending.

Read: https://money.cnn.com/magazines/fortune/fortune_archive/2007/07/23/100134938/index.htm

Also I've been thru Repo 105 and the securities used but when CH 11 comes after the UK admin begins - things that are used for daily liquidity (repo 105 included) are stuck "off the books" or at the very least are the "Schrödinger's cat" of LBHI accounting/recoveries heh.

Don't forget the shorts that failed to cover before the end of common shares trading in 2012/in limbo bc commons are represented by one "Plan Trust" common share that doesn't trade since March 2012 (and not cancelled entirely) - all said shorts in limbo and not covered have $2.50 USD for each by the lending institution - in one reported case Goldman Sachs is holding $2.50 USD for each $LEH (and $LEHMQ) share it lent out to short sellers who didn't close their position before the end of trading said shares in 2012.

Have to read the cached article and scroll to the bottom for the non-paywalled report: https://cc.bingj.com/cache.aspx?q=In+this+never-ending+Lehman+short%2c+%24US170%2c000+is+still+on+the+table&d=4827552252966964&mkt=en-US&setlang=en-US&w=EI8pR-mHhMOTUXUDNfpnm0e6N-TpNEHI

Worth reading.

LBIE (In Admin) v. AGFP (Subsidiary of Assured Guaranty Ltd) is ongoing in the Quinn Emmanuel effort to get ISDA 1992 Swap Agreement entered for hundreds of millions even up to a few billion in unpaid CDS paid out in full, according to the ISDA 1992 agreement the parties entered into insuring Lehman's position in MBS (mainly) that should have triggered correct payment according to the ISDA 1992 standards and Quinn Emmanual's argument against the fact that AGFP did not use that for the first time in history of ISDA agreements and could forever wreck the entire derivatives mkt when it comes to CDS. IMO it's a no-brainer this appeal eventually is won by LBIE (in Admin) and Quinn Emmanuel for the good of LBHI since LBIE is on a consolidated balance sheet with LBHI (you can see my past posts on that with links to the 2011 report by examiners of LBHI's accounting practices). It's important to grasp.

Here is the ongoing (and stalled since 5/3/2024) appeal being fought by Quinn Emmanuel (LBIE's lawyers rep out interests in recovering a massive payment from AGFP on CDS' unpaid and really, for the future sanity and importance of all ISDA swap agreements and those currently in place - important not to allow AGFP to win and set a precedent for the agreement to be renegged on just because it didn't go in favor of AGFP in the end when the MBS and CDO markets cratered and LBIE (LBHI) was owed for years of premiums paid to insure against this scenario. Tough titties to AGFP.

Ongoing Appeal Filings Updated Here: https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=nBhmPgrlziYnQ3JvgTtW2A==&display=all

Many of these interesting factors will be addressed and concluded by the time CH 11 is closed. I am hopeful and quite bullish as to the fact all these unusual instances surrounding the CH 11 exist to begin with. #MLehmanGA and #MAGA to yall

This post was brought to you by optimism, a much needed and well deserved feeling LBHCT PFD holders ought to have heading into the Nov 2025 deadline of wrapping up the UK Admin by PwC UK