Lehman Brothers Financial SA (LEHNQ)

[highwaymap]

If LBHI have 0 dollars and billions in debt, they will not do an ipo. A new company will not be formed or can be formed.

If your premise is that the new company will have 0 dollars/assets and only debt, then they dont need an ipo.

If there are assets or value remaining for the new company they will do what all reorg chp 11 bk companies like GM and wamu, etc fid, they will have an ipo and distribute the shares to the creditors. Possibliby im GM's case 2 IPOs.

I do not think offer recycled shares of the old company for a new company is possible. Even if it is, why? You want a fresh start and not the baggage of the old company.

Besides, when weil suggested it, it was shot down. You posted an exception and those are for non voting shares like preferreds. I believe chapman said they can offered those j shares to lbhi during the bk, not post bk and only to them during the bk. Jmho. For whatever its worth.