Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Stoxjock, I don't think you fully understand what is going on with the ECAPs. I would suggest studying this document;
https://www.rns-pdf.londonstockexchange.com/rns/8119H_1-2018-11-19.pdf

and then docket#58884, the judge's response and order to the matter in the US Bk Court. BTW, the judge ruled against the issuance of substitute preferred shares by LBHI. The funds LBHI was holding as to the ECAPs have been transferred to the UK liquidator. All this is noted in the docs above. Obviously RSM Advisory was representing ECAP holders in Europe, and yes they DID have grounds to stop LBHI efforts to issue substitute preferred shares. Again, read the document link above from RSM Advisory as a joint liquidator. This is not my opinion. Read the docs!

The ECAPs are very different from the CTs. The ECAPs have both the UK unit, LBH, and LBHI guarantees. The CTs only have the LBHI guarantee. Much is made of this "global guarantee". Yes, there is a guarantee, but it is a guarantee subject the ranking as well with the CTs being subordinated debt, and junior to senior debt.

Stoxjock, You think you are on to something here. I will ask you. Why doesn't the market agree with you. If there was any chance at all to a recovery investors would be will to pay much more than 10 cents a share just to have a "option" of a possible payout?

There is no thievery. Shareholders here simply do not understand the process and don't fully understand what they own and its limitations.

Answer one question for me. Do you know why LBHI wanted to issue substitute preferred shares? If so, let's hear it. Your answer will be very telling if you really know what is going on with the ECAPs.

I am not the enemy of you CT holders. You all's insufficient knowledge of the process is. The CTs have no pathway of seeing a recovery. They are worth zero in the end. Wu's motion will go nowhere.