Lehman Brothers Financial SA (LEHNQ)

[The Godfather]

Cheers to our Leh family here! Someone had posted a good graph of the changes in liabilities vs assets over time and it did look like the assets were going up and liabilities negotiated down (or paid off). I wonder where we are now but looking at the graph, we were getting close.

I have a strong suspicion that we are heading towards owning preferred shares in the newco which will make use of the NOLs. I do have a number of commons and preferred too as part of the OBS but I am not hoping or expecting a recovery for that.