Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>The Trust is apparently still active as the CT's exist; in which case I would think that the debentures are still considered to have value. <<

The Trust is not any different than any other bondholder. The bond itself that the CT did hold no longer exists. It has been replaced by a claim against the estate. That is why there are no LBHI bonds trading on the bond market. The claims are transferred instead like you see posted on the dockets. Buy trading CTs you are trading equity in a trust that owns a claim number. Soon they will not trade at all. If there is no ability to trade them on a public market they would be essentially worthless as the price per share would indicate now.