Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

No Swiss, it is not a reorganization. Plan of reorganization (POR) is a generic term used for all plans to exit bankruptcy. Even the judge has used the term. Lehman's POR has zero mention of reorganization. The plan is all about liquidation. The plan must include a plan to reorganize if reorganization is the objective. It is not with LBHI.

I would suggest you spend more time studying investments instead of looking for quirks in what I may have said 7 years ago. In the context at the time I could say POR. But after posters like yourself got hung up on the term and started saying "so you do think LBHI will reorganize!" I then started to use the term as the plan as identified, the 'modified plan' or liquidation plan. When a POR goes as far as saying that anything left will be don't to a non-profit as the LBHI plan does, how could anyone read that as being some form of reorganization??

BTW, I don't know if I ever have asked that a post of yours be removed. Unless one taunts me with my daughter and granddaughters passing I usually don't mind. Foul language directed at myself or others on public platforms may be another reason. There are others that don't care for such postings if they don't add anything to the discussion. Perhaps that is why they are removed.

GLTA.