>>Technically speaking, those were not standard Chapter 11 creditor-to-equity conversions… and technically speaking, it was technically a proposed debt for equity swap. >>The Plan Trust cannot spontaneously convert into a new Lehman 2.0 or relist shares without formal action…creditors can’t just decide that distribution should now include equity in a revived entity. I never brought anything like this up so i am not sure why you brought it up.