Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

And since Lehman is bk clearly the NOLS don’t show up on the balance sheet. We are basically agreeing that the NOLS reflect 0 on the financial statements but you are arguing against it??

Solyndra's NOLs went to the investors.

It went to equity holders who contributed capital.

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.

Like I said show me the words “plan of liquidation” you keep asking for “plan of reorganization” show me “plan of liquidation.” Fact of the matter is, you can’t. It is just called the plan which IMO consist of a reorganization and a liquidation.

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

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why are the LBIE administrators trying to continue as a going concern? ITS TO PAY LBHI THE SOLE SHAREHOLDER. They can raise debt and or equity to help with these payments. If the court finds these kind of activities beneficial to the creditors, you really think the judge won’t approve? You really think the judge will say “no, liquidate only!! I don’t care if the creditors take a loss, only liquidate that is ordered!” You really think the judge and Lehman themselves don’t want to be benefit it’s creditors that is the angle you approach this entire situation at. It is like you believe LBHI estate and the judges are out to get the creditors of the estate which is absurd.