Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Jovi, Thanks for posting. There is no NOL play. As Lehman has noted, they will all be fully utilized. Anyone that does not see or understand this has been insufficiently educated.

" All remaining Debtor NOLs
not previously utilized to absorb taxable income of
the LBHI Tax Group are expected to be fully utilized
to offset the discharge of debt on the final date of
liquidation of the Debtors"

There is no chance for a debt to equity arrangement. LBHI will have no equity to swap. Plus, the ability to use the cancellation of debt at 100% write off against gains for the creditors is worth more than anything creditors could expect to see from Lehman.

Lehman will have no buildings, no employees, no management to restructure. They have now not been in business for 11 years. I ask those out there that see a restructuring what business would this newco be in?