Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Re-emergent LBHI Market Cap = $5BB * 12 = $60BB.

CTs will convert to NEW Preffereds @ FV = $25.
CTs will have to be given more NEW Commons for this 'Re-classification" which has to happen due to Dodd-Frank.

All other Preferred become NEW Preferred @ same FV as before.

Total NEW Common Shares = 2BB @ FV of $25 = $50BB.
Capitalization of NEW Preferred = ~= $10BB.

Shares to "Cold Debt" = 980MM
Shares to "Cold Equity" = 1020 MM

NEW Commons to CTs = 48MM * 10 = 480.00MM

NEW Commons to LP (1000 FV)= 1MM * 40 * 4 = 160.00MM
NEW Commons to LBGH(1000 FV) =1MM* 40 * 4 = 160.00MM
NEW Commons to OLD Commons,
100-1 R/S = 689MM / 100 = 6.89MM

NEW Commons to OLD Js(25 FV) = 66M * 1 = 66.00MM

NEW Commons to All other OLD Preferred =36.7775*4 = 147.11MM

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TOTAL Commons to COLD EQUITY = 1020 MM
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