Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

Still holding onto my preferred stock theory until proven otherwise


Saying the company won’t use nols cuz of economy, I get the logic behind it but at the end of the day the plan is the plan. When LBHI tried issuing preferreds to ecap holders the court said

While issuing preferred stock under the Pre-Effective Date Charter is indeed not explicitly prohibited by the Plan, the Court finds that such an action would contravene core provisions of the Plan both as written and as implemented.

This means LBHI must follow the plan. if LBHI chose not to distribute any stock, that would modify the plan once it was substantially consummated which isn’t allowed.

LBI is just an example. Satisfied in full was reached, so why do claims still exist in the liquidating trust? Why do they have an ordered motion to distribute stock in exchange from claims and if such stock would be distributed they are exempt from SEC rulings? LBI will continue to handle the remaining $5.7 trillion worth of allowed claims they have against parties for years to come. Why didn’t they just dissolve so they just wouldn’t have to pay any debts? LBI said nols were being transferred to the liquidating trust to benefit those who hold claims correct? again LBI just an example.

Too much emotion on the board, not enough logic, reading, and comprehending.

If you go off of what you read and comprehend then theirs your answer.