LEHNQ Discussion 08/17/2014 14:27:05 $LEHNQ
Here is your running total...again.
But why even ask for info if you refuse to read it?
Class 1 and Class 2 received 100% of their claim. The language in the plan says they will be PAID IN FULL.
MODIFIED THIRD AMENDED JOINT CHAPTER 11 PLAN
"each holder of an Allowed Claim in LBHI Class 1 shall be paid by LBHI in Cash in full"
"each holder of an Allowed Claim in LBHI Class 2 shall be satisfied by, at the option of LBHI: (i) payment in Cash by LBHI in full on the later of the Effective Date and the date such Claim becomes Allowed, or as soon thereafter as is practicable"
All of the other classes say "Pro Rata Share" except Class 6 which pays a percentage of each of their individual claims (6A claimants get 26% of their individual claim and 6B gets 17%) for a "Full and Complete Satisfaction" of their claim.
Class 10B says that when Classes 3 - 5 are SATISFIED IN FULL then Class 10B gets its Pro Rata Share too.
"Holders of Allowed Claims in LBHI Class 10B shall not receive any Distributions on account of such Claims unless and until all holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B and LBHI Class 5 are satisfied in full, in which case each holder of an Allowed Claim in LBHI Class 10B shall receive its Pro Rata Share"
http://dm.epiq11.com/LBH/document/GetDocument...Id=1456969
Are they Satisfied in Full? I think so:
Estimated Plan (agreed upon) Recovery and Actual Recovery so far BEFORE new $8.3 Billion was recovered by LBHI and BEFORE LBI's September payment to Unsecured Creditors of which LBHI is one:
Class 1: 100.0%... 100% Paid in Full
Class 2: 100.0%... 100% Paid in Full
Class 3:: 21.1%.... 26.924382% Satisfied in Full
Class 4A: 15.6%.... 21.395568% Satisfied in Full
Class 4B: 15.2%.... 20.909096% Satisfied in Full
Class 5:: 12.2%.... 16.730276% Satisfied in Full
Class 6A: 26.0%.... 26% Fully and Completely Satisfied
Class 6B: 17.0%.... 17% Fully and Completely Satisfied
Class 7:: 19.9%.... 25.226847% Satisfied in Full
Class 8:: 14.4%.... 19.698034% Satisfied in Full
Class 9A: 11.5%.... 15.758426% Satisfied in Full
Class 9B:: 7.0%..... 9.584731% Satisfied in Full
10B should see a distribution in September. Read, Read, Read!
LBI September 10, 2014 distribution date with a record date of July 15, 2014. Look at J.P. Morgan Securities LLC numbers below! Year to date is 12000 too. WOW
***
Quote:
LEHLQ - LEHMAN BR CAP TR IV
Page of 1
July 2014 June 2014 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
Total Share Volume 165,445
NITE
Knight Capital Americas LLC 88,934 1 53 107,795 1 67 794,295 1 70
ETRF
G1 Execution Services, LLC. 35,012 2 21 14,817 2 9 59,854 4 5
CDEL
Citadel Securities LLC 17,292 3 10 12,106 3 7 89,414 3 7
JPMS
J.P. Morgan Securities LLC 12,000 4 7 - - - 12,000 7 1
CSTI
CANACCORD GENUITY INC. 9,620 5 5 9,350 4 5 117,658 2 10
STXG
Stockcross Financial Services 2,587 6 1 6,242 6 3 26,091 5 2
Quote:
Detailed Quote for LEHMAN BRO HD C/T IV PR L (LEHLQ)
$ 0.35 0.0001 (+0.03%) Volume: 14.24k 11:16 AM EDT Aug 15, 2014
******
Quote:
JAMES BROWN LYRICS
Play Music
"The Payback"
Hey! Gotta gotta pay back!! (The big payback)
Revenge!! I'm mad (the big payback)
Got to get back! Need some get back!! Pay Back! (the big payback)
That's it!! Payback!!! Revenge!!!
I'm mad!!
Get down with my girlfriend, That ain't right!!
Hollarin' cussin', you wanna fight
Payback is a thing you gotta see
Brother do any damn thing to me
Sold me out, for chump change (yes you did!!)
Told me that they, they had it all arranged
You handed me down, and thats a fact
Now you're pumped, You gotta get ready For the big payback!! (the big payback!!)
That's where I am, the big payback (the big payback!!)
I can do wheelin', I can do dealin' (yes you can!!) But I don't do no damn
squealin'
I can dig rappin', I'm ready!! I can dig scrappin'
But I can't dig that backstabbin' (Oh No!!)
The brother get ready!! Thats a fact!!
Get ready you Mother, for the big payback (The big Payback!!)
Let me hit 'em hit'em!! Hey Hey!! WOOOOOOOOOOOO!
Took my money, you got my honey
Don't want me to see what you doing to me
I got to get back I gotta deal with you!! [x4]
Hey let me tell ya!!
Get down with my woman, that ain't right! You hollarin' and cussin', you wanna
fight!!
Don't do me no darn favor,
I don't know karate, but I know KA-RAZY!!!! (yes we do!!)
Get ready thats a fact, Get ready you Mother for the big payback (the big payback!)
Hey!! I'm a man! I'm a man! I'm a son of a man, but don't they tell ya then
hop again
Get ready for the big payback (the big payback!!) Hit 'em again!!
Get ready I need it, I need a hit again!! Say it once [x3] Hit 'em again!!
(the big payback!!) Sold me out for chump change
Said my woman had it all arranged
Tryin' to make a deal, she wants to squeal But I had my boys on her heals
Saw me comin', told a lie Went down like you wanted to cry
I don't care what she does, she'll be doin' just like she was
Take your kids and raise them up, Somebody think I have a right to be tough
Take her, take that woman, it's one place she found
Just run that mother out of town!!
Got to get up!! Got to get up, get out!! [x2]
I'm mad!! I want revenge, I want revenge (the big payback!!) I want revenge [x3]
(the big payback!!) Give me those hits!! I want some hits!! I need those hits, hit me!!
Submit Corrections JAMES BROWN Lyrics A-Z Lyrics
Play Music
Writer(s): John Starks, Fred Wesley, James Brown
Copyright: Dynatone Publishing Company
Powered by
MP3 Email Print Enter artist/album/song to search lyrics for:
Hide ?
Ad FeedbackAds by Don't show for 7 days
So where do the LEHGQ's fall into place? I have a cusip of LEC2 on my Scottrade account and have honestly forgotten about these. Thanks
It could be that this news release was written by the Lehman lawyers and fed to the journalist.
More distributions to come.
Quote:
“This first interim distribution to unsecured general creditors totaling billions of dollars is a milestone in administering and winding down the LBI estate,” Giddens said.
Customer claims have been paid in full.
That caught my eye.
Could this be a product of reporter propaganda?
Quote:
Lehman Brothers Inc. Trustee Sets Distribution Fund of $4.6 Billion for Unsecured General Creditors
First Interim Distribution on Allowed Claims Planned for September
New York, NY, August 15, 2014 – James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act, today filed a notice regarding the first interim distribution to unsecured general creditors with allowed claims, setting the fund for the distribution at $4.6 billion. This first interim distribution to unsecured general creditors follows the ability to satisfy 100 percent of all customer claims and secured and priority general creditor claims. Distributions to unsecured general creditors will begin on or about September 10, 2014.
“This first interim distribution to unsecured general creditors totaling billions of dollars is a milestone in administering and winding down the LBI estate,” Giddens said. “That such a distribution is even possible represents an extraordinary achievement that was far from certain when the liquidation began. We expect additional distributions to unsecured general creditors, while maintaining appropriate reserves and protecting claimants’ interests and due process rights.”
Taking into account required reserves, LBI general estate assets available for distribution total $4.7 billion. Of this amount, the Trustee has set a fund of $4.6 billion, or approximately 97 percent of the total available, for the first interim distribution. The Trustee has allocated approximately $3.5 billion for allowed unsecured general creditor claims and approximately $1.1 billion for still pending unsecured general creditor claims. These allocations represent 17 percent of the total amount of these claims.
At the outset of the LBI liquidation, the extent of customer distributions was unknown and the potential for a general estate was in doubt. Customer claims have been paid in full, and now with the planned first interim distribution, more than $110 billion will have been distributed from the LBI estate to customers and general creditors. This represents the largest distribution across the worldwide Lehman insolvency proceedings, and it would not have been possible without the assistance of the Securities Investor Protection Corporation and the Securities and Exchange Commission, and the oversight of United States Bankruptcy Court judges, the Honorable James M. Peck and the Honorable Shelley C. Chapman.
Media Contact for the Trustee:
Jake Sargent
jsargent@apcoworldwide.com
202-569-5086
Btw, just messing with you... no hard feeling... darlin'
None taken Darlin! I have been called much worse!
I'll be on your side reprimanding the pump monkeys if by late October we are seeing the % recoveries for higher classes increase again without CTS seeing any form of distribution. That would be a very distributing event imo
The AC works fine on the GUS BUS we will welcome you with open arms and cool breezes!..
DARLIN!
Have a great day nice chatting with you and the pleasure was all MINE!
Sell on a momo play. Get immediate reward " peanuts "
And miss all the gold at the end of the rainbow. Imho
You don't "see it now". Allowed Claims do not have to be paid in total in order to be Satisfied in Full.
Allowed Claims are legitimate claims, but this is a BANKRUPTCY.
Example: You owe $10,000 on a credit card. You claim bankruptcy. The credit card company has an Allowed Claim against you for $10,000. They might get nothing. But they can negotiate with you to receive something, let's say they agree to accept $1,500. When you pay them the $1,500, they are Satisfied in Full and they go away.
I may try to buy some
But my trading record with TVIX has been terrible... Bought high and sold low several times as its price has been decaying gradually over the last several months.
So any little funds I would have available after selling TVIX to slap the CTS ask are negligible...
.
.
.
Btw, just messing with you... no hard feeling... darlin'
Heheh
P.s. I'll be on your side reprimanding the pump monkeys if by late October we are seeing the % recoveries for higher classes increase again without CTS seeing any form of distribution. That would be a very distributing event imo. I promise that if that happens, I will testify in court with you and Toogood that hestheman promised us the CTS would be paid during the 4th, 5th, and of course sixth distribution.
I likey the upbeat mood.
My thoughts to me anyway©
Hey baguette, did I spell it right.
Size 4 1/2.
Things are looking juicy, good upbeat posts daisy.
See you at peter lugers, ny. Hope you like steak, lol
Then there is no hope for you. JS only rears his head to create irritation, confusion, and panic selling or buying, whichever suits his needs. As long as people respond to his posts, he gets paid. Sure glad the Trifectas didn't listen to him when he was spewing his "Sell, sell, sell!" garbage when Fannie $50 preferreds were at about a dollar. They are now at $18-$20.
Quote:
I am starting to pretty much agree with this...no I am basically completely agreeing with this
Are you going to buy more CT's tomorrow based on the new theory or can I say put your money where your mouth is sort of speak ?
Or is poetic justice more appropriate for you?
Which leads me to my last post ( for today sillies)
How many pump monkeys are buying tomorrow based on the new theory of FV + divies?
Oh, I forgot to mention...
The two of you will be my transport to and from the Las Vegas red carpet gala for OBS shareholders...
I tend to agree with guster0 regarding this critical issue:
Dear Swaggers,
Here's the reality: it's not the size of your magic wand that matters, but how you wave it...
[daisy raises her wand and says "watchhhhhh" like David Blaine]
Daisy: "Bippity boppity boo"
*poof - poof*
[Guster0 and Toogood transform into a white horse and pumpkin carriage...]
.
.
.
I was using a base of $25 until that payment is complete. Then depending on how much time has passed they can calculate interest missed in dividend payments. I'll start at $10.
This looks to differentiate between claim holders/creditors vs jpmc/lbhi.
Quote:
JPMC would pay the claim holders!
LBHI would pay their creditors!
Here is your running total...again.
But why even ask for info if you refuse to read it?
Class 1 and Class 2 received 100% of their claim. The language in the plan says they will be PAID IN FULL.
MODIFIED THIRD AMENDED JOINT CHAPTER 11 PLAN
"each holder of an Allowed Claim in LBHI Class 1 shall be paid by LBHI in Cash in full"
"each holder of an Allowed Claim in LBHI Class 2 shall be satisfied by, at the option of LBHI: (i) payment in Cash by LBHI in full on the later of the Effective Date and the date such Claim becomes Allowed, or as soon thereafter as is practicable"
All of the other classes say "Pro Rata Share" except Class 6 which pays a percentage of each of their individual claims (6A claimants get 26% of their individual claim and 6B gets 17%) for a "Full and Complete Satisfaction" of their claim.
Class 10B says that when Classes 3 - 5 are SATISFIED IN FULL then Class 10B gets its Pro Rata Share too.
"Holders of Allowed Claims in LBHI Class 10B shall not receive any Distributions on account of such Claims unless and until all holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B and LBHI Class 5 are satisfied in full, in which case each holder of an Allowed Claim in LBHI Class 10B shall receive its Pro Rata Share"
http://dm.epiq11.com/LBH/document/GetDocument...Id=1456969
Are they Satisfied in Full? I think so:
Estimated Plan (agreed upon) Recovery and Actual Recovery so far BEFORE new $8.3 Billion was recovered by LBHI and BEFORE LBI's September payment to Unsecured Creditors of which LBHI is one:
Class 1: 100.0%... 100% Paid in Full
Class 2: 100.0%... 100% Paid in Full
Class 3:: 21.1%.... 26.924382% Satisfied in Full
Class 4A: 15.6%.... 21.395568% Satisfied in Full
Class 4B: 15.2%.... 20.909096% Satisfied in Full
Class 5:: 12.2%.... 16.730276% Satisfied in Full
Class 6A: 26.0%.... 26% Fully and Completely Satisfied
Class 6B: 17.0%.... 17% Fully and Completely Satisfied
Class 7:: 19.9%.... 25.226847% Satisfied in Full
Class 8:: 14.4%.... 19.698034% Satisfied in Full
Class 9A: 11.5%.... 15.758426% Satisfied in Full
Class 9B:: 7.0%..... 9.584731% Satisfied in Full
10B should see a distribution in September. Read, Read, Read!
LBI September 10, 2014 distribution date with a record date of July 15, 2014. Look at J.P. Morgan Securities LLC numbers below! Year to date is 12000 too. WOW
***
Quote:
LEHLQ - LEHMAN BR CAP TR IV
Page of 1
July 2014 June 2014 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
Total Share Volume 165,445
NITE
Knight Capital Americas LLC 88,934 1 53 107,795 1 67 794,295 1 70
ETRF
G1 Execution Services, LLC. 35,012 2 21 14,817 2 9 59,854 4 5
CDEL
Citadel Securities LLC 17,292 3 10 12,106 3 7 89,414 3 7
JPMS
J.P. Morgan Securities LLC 12,000 4 7 - - - 12,000 7 1
CSTI
CANACCORD GENUITY INC. 9,620 5 5 9,350 4 5 117,658 2 10
STXG
Stockcross Financial Services 2,587 6 1 6,242 6 3 26,091 5 2
Quote:
Detailed Quote for LEHMAN BRO HD C/T IV PR L (LEHLQ)
$ 0.35 0.0001 (+0.03%) Volume: 14.24k 11:16 AM EDT Aug 15, 2014
******
Quote:
JAMES BROWN LYRICS
Play Music
"The Payback"
Hey! Gotta gotta pay back!! (The big payback)
Revenge!! I'm mad (the big payback)
Got to get back! Need some get back!! Pay Back! (the big payback)
That's it!! Payback!!! Revenge!!!
I'm mad!!
Get down with my girlfriend, That ain't right!!
Hollarin' cussin', you wanna fight
Payback is a thing you gotta see
Brother do any damn thing to me
Sold me out, for chump change (yes you did!!)
Told me that they, they had it all arranged
You handed me down, and thats a fact
Now you're pumped, You gotta get ready For the big payback!! (the big payback!!)
That's where I am, the big payback (the big payback!!)
I can do wheelin', I can do dealin' (yes you can!!) But I don't do no damn
squealin'
I can dig rappin', I'm ready!! I can dig scrappin'
But I can't dig that backstabbin' (Oh No!!)
The brother get ready!! Thats a fact!!
Get ready you Mother, for the big payback (The big Payback!!)
Let me hit 'em hit'em!! Hey Hey!! WOOOOOOOOOOOO!
Took my money, you got my honey
Don't want me to see what you doing to me
I got to get back I gotta deal with you!! [x4]
Hey let me tell ya!!
Get down with my woman, that ain't right! You hollarin' and cussin', you wanna
fight!!
Don't do me no darn favor,
I don't know karate, but I know KA-RAZY!!!! (yes we do!!)
Get ready thats a fact, Get ready you Mother for the big payback (the big payback!)
Hey!! I'm a man! I'm a man! I'm a son of a man, but don't they tell ya then
hop again
Get ready for the big payback (the big payback!!) Hit 'em again!!
Get ready I need it, I need a hit again!! Say it once [x3] Hit 'em again!!
(the big payback!!) Sold me out for chump change
Said my woman had it all arranged
Tryin' to make a deal, she wants to squeal But I had my boys on her heals
Saw me comin', told a lie Went down like you wanted to cry
I don't care what she does, she'll be doin' just like she was
Take your kids and raise them up, Somebody think I have a right to be tough
Take her, take that woman, it's one place she found
Just run that mother out of town!!
Got to get up!! Got to get up, get out!! [x2]
I'm mad!! I want revenge, I want revenge (the big payback!!) I want revenge [x3]
(the big payback!!) Give me those hits!! I want some hits!! I need those hits, hit me!!
Submit Corrections JAMES BROWN Lyrics A-Z Lyrics
Play Music
Writer(s): John Starks, Fred Wesley, James Brown
Copyright: Dynatone Publishing Company
Powered by
MP3 Email Print Enter artist/album/song to search lyrics for:
Hide ?
Ad FeedbackAds by Don't show for 7 days
So where do the LEHGQ's fall into place? I have a cusip of LEC2 on my Scottrade account and have honestly forgotten about these. Thanks
It could be that this news release was written by the Lehman lawyers and fed to the journalist.
More distributions to come.
Quote:
“This first interim distribution to unsecured general creditors totaling billions of dollars is a milestone in administering and winding down the LBI estate,” Giddens said.
Customer claims have been paid in full.
That caught my eye.
Could this be a product of reporter propaganda?
Quote:
Lehman Brothers Inc. Trustee Sets Distribution Fund of $4.6 Billion for Unsecured General Creditors
First Interim Distribution on Allowed Claims Planned for September
New York, NY, August 15, 2014 – James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act, today filed a notice regarding the first interim distribution to unsecured general creditors with allowed claims, setting the fund for the distribution at $4.6 billion. This first interim distribution to unsecured general creditors follows the ability to satisfy 100 percent of all customer claims and secured and priority general creditor claims. Distributions to unsecured general creditors will begin on or about September 10, 2014.
“This first interim distribution to unsecured general creditors totaling billions of dollars is a milestone in administering and winding down the LBI estate,” Giddens said. “That such a distribution is even possible represents an extraordinary achievement that was far from certain when the liquidation began. We expect additional distributions to unsecured general creditors, while maintaining appropriate reserves and protecting claimants’ interests and due process rights.”
Taking into account required reserves, LBI general estate assets available for distribution total $4.7 billion. Of this amount, the Trustee has set a fund of $4.6 billion, or approximately 97 percent of the total available, for the first interim distribution. The Trustee has allocated approximately $3.5 billion for allowed unsecured general creditor claims and approximately $1.1 billion for still pending unsecured general creditor claims. These allocations represent 17 percent of the total amount of these claims.
At the outset of the LBI liquidation, the extent of customer distributions was unknown and the potential for a general estate was in doubt. Customer claims have been paid in full, and now with the planned first interim distribution, more than $110 billion will have been distributed from the LBI estate to customers and general creditors. This represents the largest distribution across the worldwide Lehman insolvency proceedings, and it would not have been possible without the assistance of the Securities Investor Protection Corporation and the Securities and Exchange Commission, and the oversight of United States Bankruptcy Court judges, the Honorable James M. Peck and the Honorable Shelley C. Chapman.
Media Contact for the Trustee:
Jake Sargent
jsargent@apcoworldwide.com
202-569-5086
Btw, just messing with you... no hard feeling... darlin'
None taken Darlin! I have been called much worse!
I'll be on your side reprimanding the pump monkeys if by late October we are seeing the % recoveries for higher classes increase again without CTS seeing any form of distribution. That would be a very distributing event imo
The AC works fine on the GUS BUS we will welcome you with open arms and cool breezes!..
DARLIN!
Have a great day nice chatting with you and the pleasure was all MINE!
Sell on a momo play. Get immediate reward " peanuts "
And miss all the gold at the end of the rainbow. Imho
You don't "see it now". Allowed Claims do not have to be paid in total in order to be Satisfied in Full.
Allowed Claims are legitimate claims, but this is a BANKRUPTCY.
Example: You owe $10,000 on a credit card. You claim bankruptcy. The credit card company has an Allowed Claim against you for $10,000. They might get nothing. But they can negotiate with you to receive something, let's say they agree to accept $1,500. When you pay them the $1,500, they are Satisfied in Full and they go away.
I may try to buy some
But my trading record with TVIX has been terrible... Bought high and sold low several times as its price has been decaying gradually over the last several months.
So any little funds I would have available after selling TVIX to slap the CTS ask are negligible...
.
.
.
Btw, just messing with you... no hard feeling... darlin'
Heheh
P.s. I'll be on your side reprimanding the pump monkeys if by late October we are seeing the % recoveries for higher classes increase again without CTS seeing any form of distribution. That would be a very distributing event imo. I promise that if that happens, I will testify in court with you and Toogood that hestheman promised us the CTS would be paid during the 4th, 5th, and of course sixth distribution.
I likey the upbeat mood.
My thoughts to me anyway©
Hey baguette, did I spell it right.
Size 4 1/2.
Things are looking juicy, good upbeat posts daisy.
See you at peter lugers, ny. Hope you like steak, lol
Then there is no hope for you. JS only rears his head to create irritation, confusion, and panic selling or buying, whichever suits his needs. As long as people respond to his posts, he gets paid. Sure glad the Trifectas didn't listen to him when he was spewing his "Sell, sell, sell!" garbage when Fannie $50 preferreds were at about a dollar. They are now at $18-$20.
Quote:
I am starting to pretty much agree with this...no I am basically completely agreeing with this
Are you going to buy more CT's tomorrow based on the new theory or can I say put your money where your mouth is sort of speak ?
Or is poetic justice more appropriate for you?
Which leads me to my last post ( for today sillies)
How many pump monkeys are buying tomorrow based on the new theory of FV + divies?
Oh, I forgot to mention...
The two of you will be my transport to and from the Las Vegas red carpet gala for OBS shareholders...
I tend to agree with guster0 regarding this critical issue:
Dear Swaggers,
Here's the reality: it's not the size of your magic wand that matters, but how you wave it...
[daisy raises her wand and says "watchhhhhh" like David Blaine]
Daisy: "Bippity boppity boo"
*poof - poof*
[Guster0 and Toogood transform into a white horse and pumpkin carriage...]
.
.
.
I was using a base of $25 until that payment is complete. Then depending on how much time has passed they can calculate interest missed in dividend payments. I'll start at $10.
This looks to differentiate between claim holders/creditors vs jpmc/lbhi.
Quote:
JPMC would pay the claim holders!
LBHI would pay their creditors!
