Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

RE:
What about the "Debt to Equity Exchange' for those claims?

Also, do these developments mean that it this point we are looking at "The End" of the 'Distributions'? TIA & GLTU!

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ALL OF YOUR THEORIES are still relevant if LBHI will continue to exist as a going concern.

But the point is.. THERE IS NO LBHI IF THERE IS NO CAPITAL.

However, even we were wrong in assumption of the 31B as the new capital for LBHI, There is still a possibility of LBHI to stay as a going concern. Indeed, about 90 percent of all claims are from the creditors that are also the affiliates of LBHI. Creditors/affiliates received about 90 percent of about 129B distributions.

They (creditor/affiliates) all have money to recapitalize LBHI and the motivation is the (still) unpaid debt (liabilities subject to compromise) of about 128B that can be declared as a loss (NOL) or can be converted into equity or both.

Notice how they name it? …”To compromise”

Capitalization don’t need to be disclosed in advance. It is outside or after the POR is closed.

End of the distribution is when LBHI completes the distribution of the remaining cash flow estimate of about 290M. But unfortunately, the 222 Million of it is still in legal battle with the affiliates in asia and in Europe.

EXCERPT:
The majority of estimated remaining recoveries from Non-Controlled Affiliates are contingent upon (i) the resolution of matters in dispute and/or active litigation, (ii) the receipt of non-U.S. government and/or Court approvals, and/or (iii) the final wind down of estates not controlled by the Plan Administrator. As such, the timing and amount of future recoveries from Non-Controlled Affiliates are “uncertain”, and actual recoveries may differ materially from these estimates.
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Due to uncertainty,
I believe (hoping) in a matter of a little more time or just a little more of recoveries, The BK court will decide to close the POR.

This year maybe???