Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

"27. Issuance of the Substituted Preferred Stock furthers the Plan Administrator’s duty “to maximize Distributions to holders of Allowed Claims.” (Plan § 6.1(b)(iii).) No creditor or equity holder of LBHI is harmed in its capacity as such. Creditors’ recoveries will increase by the amount of the Partnerships’ net value. And the potential for recovery at all to equity holders will only increase. (Holders of LBHI Class 12 Equity Interests are nevertheless not expected to receive any Distributions on account of such interests.)"

From docket 57036

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"Cotton, How is this beneficial to us when LBHI/Debtors want to STEAL everything in the Plan Trusts Assets (our & ECAPS underlying Assets) and give them away to the SCUMBAG Sr. Creditors AKA Hedge Fund $CUM! ??"

Analogy:

Some outlaws would only steal the gold box off the train or stagecoach or supply wagon. Desperados would steal the gold box and strip the passengers of their valuables and drink all the liquor in the process of robbing the train or stagecoach. The end justifies the means.

The debtors are saying that the more cash they receive the better the plan trust chance or odds of receiving stock increases.

Surplus Note: The PWC Administrators in the UK legal team (“Linklaters”) have setup a legal brick wall so high, that one would have to walk on the moon to cross it to get to the other side.

"a·nal·o·gy/?'nal?je/
noun
a comparison between two things, typically for the purpose of explanation or clarification."

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"steal/stel/
verb
take (another person's property) without permission or legal right and without intending to return it.
move somewhere quietly or surreptitiously.

noun
a bargain.
an act of stealing something."