Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE: The effect of the swap is the issue of the equity the creditor in satisfaction of the debt, such that the debt is discharged, released or extinguished.

——//——-//——-

We are arguing with semantics here Swiss.
What I am saying is just a discharge or a debt forgiveness that the creditor can write it up as a loss of investment. No conversion or swap into equity.

Apple and orange