Lehman Preferred Series "J" Preferred (fka LEHJQ)

[toogoodfella]

I don't understand why you are looking only at the Debtors Linda.

Anyway, it is 244B Total assets vs. 311B Total liability.

The Asset is now 9B lower than March 253B. This is due to the increase of negative -9B to the investment in Affiliates which is now negative -50B.

If you will relate these changes to the Claim, The Intercompany claim also increased by 9B from 43B to 52B.

We all know that these are all under bilateral negotiations and there is no reserve in the A/L right now. It means to me that it will give a better result once they determine how much is the available recoveries from 50B than 43B.

To give a better Idea, As an example, if the recovery from 50B is 39B, The Asset will have a 39B receivable and will total to 283B while the Claim of 52B will be reduced to 13B. A total claim will then be also reduced by 39B from 322B = 283B which is equal to the asset.

Let us hope that the recovery for these 50B loan to subsidiaries is 39B or more..Then we will be all happy.