Lehman Preferred Series "J" Preferred (fka LEHJQ)

[toogoodfella]

Honestly speaking, Im still optimistic on those numbers i have been mentioning here. This is about the negative -50B investment in affiliates..I have an assumption that this number is an earmark for a potential obligation to 52B intercompany claim..Beacause a large portion of this claim is from LBT and what they are claiming is bond money for the bond holders. Also mentioned in every MOR with A/L that this investments in affiliates reserves are still not determinable at this time..This means that there is money to be recovered back from -50B.

My own conclusion is that this is the 50B loan to subsidiaries that was mentioned in the Creditors meeting. They loaned the subsidiaries not with cash. It was in the form of notes or bonds rather, And the proceeds for the sales is still recoverable.

If recoverable, 100% for example, the asset will be 244B from june A/L plus 50B=294B and Claim will be reduced by 52B because it will be paid by the earmarked -50B..Hope I'm right.