Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

I am talking about the waske points. I made that clear. I have to go back and read if he argued about the deferment. I know what it is.

I believe the terms are they have to make one payment after 5 years of deferment to keep it going but, if they want to get out of default, they have to make up all the missed payments.

I personally do not see a point of restating the CTs because they are no longer allowed to be held on the books. Even after the exit and there is a company of some sort, they cant hold CTs on their books. So, what is the point? I can see them maybe convert the CTs to new shares? Idk.

But, I rather see a payout in a form of a reclass with a clawback to day 1 or a redemption.