Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

score,

LBHI had $679B balance sheet at the high point, with blown-out common in the $60s.

Now they show +/-$30B after distributing $126B. They could have done it differently.

Claims Subject to Compromise are $228.5B as of 12/2018 where $185.5 is Senior Debt.

With $185B+/- in Senior Debt outstanding and $55B in stockholder equity, we're still at only $396B in asset accounting.

Now is the missing $283B fraudulent "White Paper?" What are they turning into the Court? How do they justify "looting?"

The problem with liquidating and not re-structuring is they lose business operations and let people go at their convenience while the attorneys hold fire sales.

So, their assets aren't generating income and aren't worth much on an income basis?

But, this is what the counter-parties likely want: They don't want the competition and would look to write off COD in future tax filings.

However, there are a number of debtors or counter-parties without the same business charter and business offerings.

So, they need a synergistic partner to work with or debtor concessions from debtors who don't want the competition.

We'll see if they are close to getting this done as the hearing for the Wu Motion on the 19th comes closer.

mojo