Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

QUARTERLY REPORT SAYS;

Total estimated asset = 268M
Total estimated reserves = 58M

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cash after the reserves = 210M
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Minus October distro of about 33M,
The remaining cash estimate is 177M.

“ALTHOUGH” according to the report, 140M is still a receivable from Ecaps in Europe and “Not included” in the creditors recoveries.

So LBHI IS NOW DEALING WITH;
177M - 140M = 37M

ONLY 37M REMAINING AVAILABLE CASH

OPINION: This small remaining cash of 37M “maybe” distributed in February or “maybe” allocated into other expenses. If allocated, there will be no more coming distro and we will expect the closing of POR early next year.

And obviously if distributed in February, We can still expect POR to close after.