Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

You are correct the guarantee states IF there is money in the trust, the CTs will be paid guaranteed 100% by LBHI.
But there is NO MONEY in the Trust.
LBHI has emerged from bankruptcy but as you are fully aware is still under the courts thumb to ensure they pay out all available funds to the waterfall.
Classes 10-12 will HOPEFULLY ONE DAY become reinstated with new shares in a Newco with NOLs for no corporate taxes for the next 20 years.
HOPEFULLY, that’s the way it turns out...but I have my doubts. Who would have thought they would ask for another 5 years! I hope Toogood is right and they only take a few months. They may be mucking with us...just because they can.