Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

cotton,

"Docket 53097 - ECAPS allowed claims approved for four individuals on June 22, 2016.

LBHI's TRuPS total principal = $ 1.2 Billion

UK ECAPS total principal = $ 2.051 Billion
(BP to US = 1.3201)

Total = $3.251 Billion"

At new 21% Corporate Tax Rate, new NOL liquidation computation:

$55B x .21 = $11.55B x 51% = $5.89B > $3.251B

Looks like we're covered if LBHI insists they have "no reason" to go forward.

And, CTs have priority over ECAPS Notes.

Furthermore, bonds will be written off unless an agreement is made.

Thanks cotton!

mojostradamus