Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE:
so currently lehman has: $60BILLION in shares + the $50billion NOL to offer creditors??

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Not exactly because the 60B preferred is unpaid shares. It will just give lbhi the flexibility because those J’s have been approved by sec long time ago.
I see no money from it. It’s just equity shares that will be guaranteed by lbhi asset. So far, the only asset I can see is the 31B sell back. But who really knows until we see the new balance sheet of the going concern.