Lehman Brothers Financial SA (LEHNQ): I don't think we will get back inter...

Reply Private New

Replies (3) Next 10 Prev Next

Send PM Follow Ignore

Followers	71
Posts	5256
Boards Moderated	2
Alias Born	06/07/2009

The Godfather

Re: None

Friday, 10/07/2022 9:15:30 AM

Friday, October 07, 2022 9:15:30 AM

I don't think we will get back interest. The reason being they did pay the quarterly interest to the CTs but the monies were diverted to pay the senior creditors in the pecking order from Class 1-9.

Now, it seems like we are close to LBHI emerging out of Ch 11, there is a decent chance that the quarterly dividend gets assigned to the CTs and the monies will be flowing into the CT holders accounts. So, end of the last quarter and going into the new year is the new date I am going to propose we look forward to since that seems to be the case here for the past many years. Someone proposes a new date in the future and everyone gets their hopes up and waits for that date. Now, let's rally around my date of Jan 1st, 2023 LOL!

Anything that I post related to stocks is my own opinion and should not be considered an offer that you cannot refuse. But if you do refuse, my consigliere will be there to see you!!