Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Balance Sheet Follow up...

At last calculation LEH Liabilities were ahead of Assets by about 21B+/-.

I had one other thought. In the July 8 Creditor transcripts Mr. Marsal refers to the NET receiveables for intercompany to LBHI at 50B.

According to the Balance Sheet dated 12.31/08 they as follows:

Total Due from Affiliates..............221,408
Total Due to Affiliates................189,159
Net Receiveable from Affiliates............32.2B

According to Mr. Marsal there is another 18B+/- that they have neted out in LBHI's favor. However, there is no guarantee it can be collected.

Add the additional net rec. of 18B to the 21B deficit from the original numbers and now it is a wash.

Enjoy,
Coach T