Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Lin,

That has been true since 2008 when Corporate rates were 39.6%.

$55B x 39.6% = $21.78B

After recent Tax Reform, the value is closer to $11.55B or $5.89B as the creditors 51% share.

DIP LBHI has been looted while offering these CT shares with post-BK guarantees written into the prospectus for almost 10 years without any matching re-payment or recovery program with the Debtors.

A&M is leaving after the wind down & looting.

IMO, the CTs should be re-instated with the LBH UK subsidiary to operate while the LBH UK subsidiary is held harmless and the rest of LBHI can be wound down and fired.

Any further operations can be run out of the UK as far as I'm concerned.

mojo