DJN, I don't understand you and others.
Why the disdain? I feel I have superior knowledge to how bankruptcies and liquidation work to everyone now posting here that see potential recovery. I am good a reading a balance sheet. I am familiar with tax code as to NOLs and cancellation of debt. If I am is disagreement with something that is said here why would I not challenge it? You do.
I am proud that I may have influenced Gus to get out near 30 cents a share. I have had a couple others thank me for comments that have kept them out of the CTs. Perhaps I had some influence in getting Mellowbird to get out. I really could have saved others $thousands here!
BTW, DJN, your signature line is childish like.
So what is so wrong with that, that it is popular here to make negative personal (often immature) comments to not only me but others that may agree with me? I know that you all are upset that your shares are now worthless. I have been correct on every projection that CTs would see a distribution for many years. You failed to listen to common sense logical explanations based on facts as to why the Cts would see no recovery. And, often challenge the word of Lehman trustees and the courts as well. Instead, you rallied around cut and paste disparate excerpts that had no relevance as to Lehman being liquidated and the CTs seeing a recovery.
Now there is talk of recapitalization, reorganization, and debt for equity swaps. You fail to understand that the Lehman bk calls for total liquidation to satisfy the creditors to the fullest extent possible. That means nothing remains and Lehman is dead. Nothing to reorganize. Nothing to recapitalize. Nothing to exchange.
I, we, may disagree with most here. But we all still deserve respect. And message boards like this should remain civil. No personal attacks. No lies about others.
Fortunately the CTs no longer trade and no one can buy and lose money. But time is also money when you could be focusing on other investments. Indeed, I am proud of my participation here to keep some from wasting money on these worthless shares, and now persuading others to see the light and move on.
