Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

Swiss, I do not believe we will survive the discharge. I do not believe in any NOL plays anymore. If there is a hypothetical NOL company the assets will be the DTAs. But, LBHI said they will utilize all the NOLs to offset the discharge. That is on the BS footnotes for the past few years.

I do not think those j shares are worth anything sitting in class 12.

Lehman at the end will discharge all classes. If there is a surviving entity, those shares would be distributed to the senior creditors before the discharge.

That is what I believe in. Even that (the nol company) needs the Guarantee which we do not have for us to have any chance at it.

Have a good weekend. Good luck to us all.