Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

The problem with TGF's excerpt is that it predates the the final approval of the modified plan that liquidates the estate. This change was requested before the creditor committee made there decision to fully liquidate the estate. Basically, it limits what they call a "substantial securityholder" transferring debt to secure equity that may lead to a change of ownership which may limit usage of NOLs. This has to be read in context to the time/date. Now it is a non-issue. Probably why TGF does not want to provide a link to the full doc. The modified plan makes reorganization, recapitalization, and debt for equity swaps impossible as it orders EVERYTHING to be liquidated down to saying if anything is left it is to be donated to a 501c3.

No person or Entity shall be subject to the aforementioned
provisions with respect to any transfer described in Treasury Regulation
section 1.382-9(d)(5)(ii), provided that such transfer is not for a principal
purpose of obtaining stock in the reorganized Debtors (or any successor)
or permitting the transferee to benefit from the losses of the Debtors 8
within the meaning of Treasury Regulation section...

Yes, just 9 results for "billion".
Interesting link. And read the reply.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154465231