Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

There is only one problem with all your analysis. Are you guys following Waske and Wu? And now this new motion?

In order for CTs to survive in any form post bankruptcy we need our guarantee to win out. It seems according to Waske and Cottonisking LBHI is taking the position that they cancelled the guarantees. One of the arguments Waske, Wu and Wossilek are arguing is that the Guarantee is not cancelled because we never received compensation for it. I can't seem to find any proof that our guarantee is cancelled inthe first place. We never received any compensation as per Cottonisking for the cancellation if it indeed did occured. Maybe Cottonisking can tell us where he got the info that the guarantee is cancelled. Remember, being placed in 10B was a cramdown. Our votes did not even matter.

I spoke to one of the litigants and he told me that if the BK were to be left on its own course to wind down, we would be discharged. Notice all 3 are not arguing for the non discharge right that we have.

I welcome any comment on this point from anyone. I like to hear different sides of the story.