Lehman Brothers Financial SA (LEHNQ)

[linda1]

INTERVIEW WITH BRIAN MARSAL - START AT THE "W" IN "WIDE" - IN "WORLDWIDE" - THE CAPTION ABOVE THE BAR.



http://video.nytimes.com/video/2009/07/06/business/1194841374907/the-unwinding-of-lehman-brothers.html?ref=lehman_brothers_holdings_inc




I WAS LISTENING AGAIN TO THIS INTERVIEW WITH BRIAN MARSAL - IN JUNE OF 2009 - AND HE

CLEARLY STATES THAT THE $12 BILLION RAISED SO FAR WAS JUST A FRACTION OF THE TOTAL

ASSETS - AND THERE WAS STILL SIGNIFICANT ASSETS LEFT TO SELL.



WELL I THINK 5 % IS A FRACTION OF THE TOTAL ASSETS -



IF THE $12 B IS 5 % OF THE TOTAL ASSETS THEN THAT MEANS THERE IS $ 240 B OF TOTAL ASSETS.




MR. MARSAL THEN GOES ON TO SAY THAT PROBABLY NOT ALL OF THE ASSETS WILL BE SOLD AND


ILLIQUID ASSETS WILL BE HELD IN A COMPANY THAT WILL ISSUE SHARES TO CREDITORS.




I CAN'T REMEMBER WHEN LAMCO WAS APPROVED BY JUDGE PECK - I THINK IT WAS WELL AFTER THIS INTERVIEW.



AND SO IT SEEMS THAT THERE MAY BE PLANS YET TO ISSUE SHARES FROM LAMCO TO CREDITORS.