Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

d,

Cumulative payments accumulate until paid because of either a deferment period or bankruptcy.

Non-cumulative payments do not accumulate during suspension.

Rather than "paid", I prefer the term "covered" with the NOL tax credits, in this case $130B NOLs that would have to be approved by a Judge. $103B of NOLs would cover the CTs & Preferreds only, not the Common.

So, will the creditors submit $130B in a new LBHI for NOLs to re-capitalize Lehman for a share of the Company?

Court approved only $55B so far.

There would be $13B+/- in capital as a result of $130B NOLs in the Debtor's 49% share once the tax credits are applied.

They have the answers and, when they decide to tell us, we'll know, one way or another.

mojo9