Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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LBHI "plan" is to liquidate. A plan to liquidate is in the modified plan. There is no plan to reorganize. It has to be in the plan to be so. The trustees have their orders. None of which say anything about reorganization. Even if the assets sold covered all debt with funds left over for equity the trustees would still be charged with liquidating the estate for the benefit of the shareholders just like where LBIE is now.

like I said, show me the words "plan of liquidation"

There is no plan to reorganize. It has to be in the plan to be so.

the plan discusses issuing new shares. also have you never heard of a "out of court" restructuring?

Even if the assets sold covered all debt with funds left over for equity the trustees would still be charged with liquidating the estate for the benefit of the shareholders just like where LBIE is now.

they would be a going concern, and at that point they would go out and raise debt and equity for the remaining share holders.

Everything you post from here I agree with.

You are saying that because you know you are wrong anyways.