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Federal Home Loan Mortgage Corporation Message Board

zwayne49 16 posts  |  Last Activity: Sep 5, 2014 5:45 PM Member since: Jan 15, 2009
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  • zwayne49 zwayne49 Sep 5, 2014 5:45 PM Flag

    Lol. Yeah. It is what it is. We are all just waiting while he entertains us. Lol. We call that the clown effect. Looking in from the outside. The story of his life lmfao.

  • Reply to

    My money clip broke:(

    by littledevils90210 Aug 26, 2014 4:58 PM
    zwayne49 zwayne49 Sep 5, 2014 5:34 AM Flag

    You hold 623k shares? Holy cow. I only have about 145k shares. I have been buying here and there on the dips. ;)

  • Reply to

    September distribution ?

    by martinsvorc Aug 4, 2014 1:25 PM
    zwayne49 zwayne49 Aug 6, 2014 12:13 PM Flag

    It looks like there will be a distribution. We just have to.wait and see what it is. That is if there is even one. Regardless, I like my chances with the CTs.

  • zwayne49 zwayne49 Jul 3, 2014 1:15 PM Flag

    RAn out of posts on ihub? Lol. I run out too sometimes. Please look upsatisfied in full and what it means. You make it sound like running out of available cash is a bad thing lol. Its good buster means bk is ending and satisfied in full is near. :)

  • zwayne49 zwayne49 Jul 3, 2014 1:12 PM Flag

    Yes sir. Satisfied in full is not paid in full. Good answer.

  • Reply to

    Check out the news "over there"

    by camaro4meandyou Jun 27, 2014 8:35 AM
    zwayne49 zwayne49 Jun 27, 2014 11:44 AM Flag

    How you post really reflect what kind of person you are. What is your deal? Being mean to others just shows your insecurities or maybe even jealousy or even maybe a bit of bitterness on your end. I am going ride the Cts all the way to the end and watch it make money. We are already all very green with the trifecta and Camaro is no different. Relax and just enjoy the summer.

    Btw, I did find another job which was pretty quick considering the job market. Maybe you should get a job too. I find when working, checking the boards are a perk and relaxing during coffee breaks and lunch times.

    There are plenty of money to go around and life is good. ;)

  • Reply to

    Wayne

    by camaro4meandyou Jun 26, 2014 4:02 PM
    zwayne49 zwayne49 Jun 26, 2014 8:23 PM Flag

    I am always around. I started a new job. Teaching in Russia did not work out after American sanctions on Russia over Ukraine. No way I am going to Russia anytime soon especially with an American passport lol.

  • Reply to

    Wayne

    by camaro4meandyou Jun 26, 2014 4:02 PM
    zwayne49 zwayne49 Jun 26, 2014 8:13 PM Flag

    I am here. Big news in Lehman country?

  • Reply to

    Coming up on exactly 5 years since I bought CTs

    by bloo_hat Jun 23, 2014 5:21 PM
    zwayne49 zwayne49 Jun 25, 2014 9:15 AM Flag

    IMO when the conversion happens, CTs will be converted as 10b along with the rest of the creditors and not as a part of obs. This is when the exchange happens and will finally get rid of all the allowed claims.

  • Reply to

    IHUB

    by zwayne49 Jun 24, 2014 8:16 PM
    zwayne49 zwayne49 Jun 24, 2014 9:31 PM Flag

    I can see 6ft is back on ihub. That is is smart but he have to realize even after satisfied in full, the allowed claims are not just going away. The only way allowed claims is zeroed out is with a discharge. And that will not happen here because of the COD rules and Lehman wants to preserve the NOLs. The only way as LD and the other poster on IHUB pointed out is use an exception in the IRS code which title 11 recognizes. That exception is what LD calls "EXCHANGE". When i have time, I will provide the codes to 6ft for his review :). I know LD and I kow he knows the subsection and code and I can tell he is using the word "EXCHANGE" to get under 6's skin. Its so LD esq.

  • Reply to

    IHUB

    by zwayne49 Jun 24, 2014 8:16 PM
    zwayne49 zwayne49 Jun 24, 2014 9:23 PM Flag

    right now I can only post 3x a day in the jailhouse board. I assume when I get released on 6/26, everything will be back to normal and I can post 15x a day. I HOPE ;)

  • Reply to

    Coming up on exactly 5 years since I bought CTs

    by bloo_hat Jun 23, 2014 5:21 PM
    zwayne49 zwayne49 Jun 24, 2014 9:20 PM Flag

    I agree with all that CTs will be converted to new commons of the reorganized company. Here is where I disagree.

    1)With 6ft, he thinks the debtholders will only get whatever illiquid assets remains and take that into the NOL company and get their shares. I disagree on this and the point LD is making is the remaining allowed claims after satisfied in full does not just go away. It will be exchanged for the lionshare of the new reorganized company at theat point renders ALL allowed claims(entire liab subj. to compromise line item) in satisfaction and then exit the BK.

    2) With LD, from my DD and I think someone on IHUB also agress with me the debtholders will take more than 49%of the reorganized company more like a lionshare like 75% plus in exchange for all allowed claims to be in satisfaction.

    3) With the poster you quoted, CTs are debt and is still 10B. IMO will be converted to commons of the reorganized company as debt. The guarnatee is non dischargable which is IMPORTANT and the in parity with most senior preferred clause is not exercised.

    I think the CTs will ride as 10B till the very end. I also think there will be a satisfied in full and afterwards the "EXCHANGE" as LD puts it. We are better off as 10B IMHO.

  • Reply to

    IHUB

    by zwayne49 Jun 24, 2014 8:16 PM
    zwayne49 zwayne49 Jun 24, 2014 8:30 PM Flag

    I have no idea, I asked the admin they never responded. It is not permanent. My release date is 6/26. Where you in the jailhouse? I did not apologize or ask for forgiveness. I decided to serve my time instead. If you repent and admit wrong sincerely, they might release you early. Forget that!!!

  • Reply to

    Coming up on exactly 5 years since I bought CTs

    by bloo_hat Jun 23, 2014 5:21 PM
    zwayne49 zwayne49 Jun 24, 2014 8:27 PM Flag

    I read the 1st paragraph only and have one thing to add. Right now, you can break Lehman into 2 classes. 1) debtholders and 2) Equity. As of today, CTs are debt. Why is the poster lumping CTs with OBS preferreds. The last I checked the on par with most senior preferreds provision was not exercised yet. I dont think it will be as IMO, our CTs will come out of the bk as non dischargable unsecure debt holders 10B. I disagreed with LD that debtholders only gets 49%. IMO debters will get like 75-80% of the reorganized company. This is where the exchange remaining allowed claims for reorganized company comes in.

  • Reply to

    Fees to distribution ratio

    by littledevils90210 Jun 23, 2014 5:00 PM
    zwayne49 zwayne49 Jun 24, 2014 8:19 PM Flag

    LD, did you pull the fees to distribution ratio out of your back end? LOL. I do understand the point you are making. Just having some fun since IHUB put me in jail ;)

  • zwayne49 by zwayne49 Jun 24, 2014 8:16 PM Flag

    Hi Guys and Gals, just in case you folks wonder what happned to me on IHUB, I was placed in jail. LOL. The only place I can post is to the jailhouse board along with all the other offenders. My release date is 6/26. It is so stupid LOL. IHUB puts you on a jailhouse board to reflect on your wrongdoings. I did meet a few smart people during my time there. GO Lehman ;)

FMCKJ
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