Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

Depends... IF CTs are re-instated 'As is', then we will start getting Q-interest payments. On the other hand, IF the New Lehman thinks that legally they have no other option but to 'retire' the CTs, they may either fully 'redeem' them (FV + Unpaid Interest Pmts) or they may offer to 'Exchange' with new 'Preferreds' at same FV and competitive 'interest rate' paid quarterly..
...And the last option - IF new Lehman Leadership feels that they do not want to expend 'Any Cash' (either to 'redeem' or pay Q-interest pmts), then they may offer to exchange like 10- shares of New Lehman Common FV $5.00, for each CT so as to take care of the FV + Unpaid Interest Pmts. I really hope now that New Lehman will be forced to take some action due to SEC regulations and other Legal encumbrances such as Dodd-Frank... GLTU & GLTA!!!