Lehman Brothers Financial SA (LEHNQ)

[StockJoker]

How to wipe out the debt

Only my thoughts

48 million CT's trading..Face Value $25

LBHI spins off a new company
In exchange for 48 miilion CT's they issue 48 million senior preferred valued at $25 a share convertable into 2 common shares upon IPO @ $12.50 a share....Debt to equity and all that debt goes away.

Old Debt was used and the new company now has NOL of 48 million X $25 face value...Just my thoughts but really good ones