Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Swiss, All the items you post about debt for equity means nothing for Lehman and the CTs.

The main point you are missing is that Lehman exited BK in 2012 with a court order plan to be liquidated. The plan calls for one or more liquidating trust to liquidate all the assets of Lehman. The plan says;
"10.2 Purpose of the Liquidating Trust. Each Liquidating Trust shall be established for the sole purpose of liquidating and distributing the assets of the Debtor contributed to such Liquidating Trust in accordance with Treas. Reg. § 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business"

The plan is clear. The facts are clear. And here 11 years later the most recent quarterly report shows relatively few assets remaining. And, that all the NOLs will be fully utilized as Lehman reports. We that do understand the process unlike most here know that Lehman is nearly gone forever. There will be no distribution to the CTs. To believe that there will be is nonsense.

I really do need to move on. I was hoping to educate those here to look at the facts of the case. In my near 30 years of visiting message boards I have never seen one like this that remains in denial of what the prospects are for their investment for now now over a decade.

I see no need to further debate with you or others about the prospects of the CTs. I know I have probably said this before. I hope I can stick to it and not waste and more time. I certainly have presented my case for no distributions. I hope at some point you will face the facts and move on yourself. So many other stocks out there. Some many other investment opportunities.