Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

yes jim thank you. People also forget lehman is not bankrupt anymore! we been emerged or exited or whatever the heck they say. debt for equity swap can now occur since we are no longer in BK! and even if these CT'S are non convertible debt, This supports JimmyT's "full monty plus" statement, because these would have to be bought back at the full amount. that is a rule for non convertible debt.


"Lehman has no money to buy these back"


Yes according to the balance sheet they don't and also lets assume that they have zero off balance sheet assets. Technically they could propose a debt to equity swap for creditors and raise money for a new company and with the money raised they could buy back all CT's. Not sure if it can work like this but lets say out of the 48 million CT's 18 million are owned and 30 million just float in the market (hypothetically speaking) would they only have to pay 25 a share for the ones who are owned by investors and pay standard market price for the rest? There is also an option to re issue the debt. so there is 2 routes they could take.

Is there a way that we can find out if Lehman's biggest creditors are able to convert their debt to equity?





P.S you heard of libra coin? with big companies like fb starting crypto that'll trigger a chain reaction and other companies will copy. theirs going to be so much "fake" money flying around mad assets, its already established bitcoin is an asset because the biggest argument is "its digital gold" who manages assets and invest in stuff? Banks :)