Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

Like I said, CTs are not dischargable. LBHI will have to issue US the subordinated debt back through the Nasdaq or a major exchange in order to get rid of the CTs.

With that said, by reading the waske motions and Appeals of both Waske and Wu plus Wu's seperate dockets, I came to the conclusion that Fail from Weil was going to do something crooked and try to get the CTs discharged and claim it was a mistake and he "did not know" if he were to get caught. Wu debunked the "I did not know" defense with his filings.

In essence, I think Waske and Wu saved us from an unlawful discharge. Mark my post, at exit they will discharge 10b. And hopefully waske and Wu saved US from that fate.