Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

JH, thanks for the update and pass along a hello from me to Jimmy. With the FM being around $50/sh that’s a big number and growing.

I’m trying to logic how they get the original investors to pony up $25/sh to begin with and then ask them to settle for 10% ($5)? It seems like a real Ponzi scheme but they raised billions. What was in it for them to fund this? Maybe if you were owed a lot of dough you sent some good money after bad $ to help them sort it out and pay you? IDK
I’d be pretty unhappy as an original investor ( read banker or professional investor) to not get at least my capital back. With the time value of money of that would be a real bad investment.
That brings me back to why originally invest. Also why settle for $5, better to hold off for the final final than only $5 bucks if I’m an original investor.
Me, I’m not only a late comer, 2016. But this is also my first rodeo in CT’s. I did find in the prospectus that any shares acquired by the issuer can cancel out the debt ( of course). That seems to me why the price yo-yos so low and any sells are snapped up.
It seems like any big players would want their capital back at least if not the FM.