Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Very strange.

Very easy for anyone to go back and see what the comment was and with what I replied and judge for themselves.

>>Then you said it it was known LBIE would make a full recovery. <<

As I said in 2018, and now, I never said that. This was in relationship with you asking why I did not buy LBIE debt. I explained very clearly that there was more profit potential buying LBHI debt. If I buy LBHI debt at 10 cents on the dollar and sell for 40 cents that is a 300% return on my investment. If I buy LBIE debt selling higher due to the higher expected recovery at 50 cents on the dollar and they see a full recovery that is a 100% gain on my investment.

And also as I said before. I was not familiar with the ECAPs. Not until someone brought them up and they became part of the LBHI BK litigation.

Just because I once specialized in distressed debt doesn't mean I was watching debt traded in other countries. I had my hands full here at that time.