Lehman Brothers Financial SA (LEHNQ)

[wayne49]

Ha! Karma Joe is at it again. Section 382 states 49% of the new equity can be transferred to creditors. 51% as some say like LD have to be retained by OBS. So, at the least 51% of NOLs will go to OBS.

Also, Once they are ready to exit, they will use 381 to Exchange the remaining debt on the entire liab. subject to compromise fro new equity and thus the entire line item will be in "satisfaction."

NOLs will not be used for cancellation of debt.

Karma Joe dont have a clue on what he is talking about.