Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

After the 65B distribution:
I based this assumption to the latest A\L in December 31, 2010.

Asset: ............................ 250.7B
Investment in Affiliates........ 46.6B
Distributions..................... -65.0B
From Barclay...................... 2.0B
From SIPA (approximate).... 11.0B
BankHaus.......................... -6.6B
LBT (Approximate).............. -7.1B
Balance(Asset).................... 231.6B

Liability: .................... 310.8B
BankHaus .................. -25.0B
LBT ........................... -27.0B
Distributions ............... -65.0B
Balance (Liability)............ -193.8B
___________________________________________


Difference(Equity)........ 37.0B
Preferreds.................. -11.0B
___________________________________________

Common..................... 26.0B

This is just an assumption in my part. There will be enough money to cover the 11B Preferreds and available 26.0B equity for the commons. If this assumptions is correct, The Preferreds and the Common will not be cancelled and the most possible thing that may happen is Lehman will just get out of Bankruptcy to continue its business.

(NOL WILL BE VERY POSSIBLE IN THIS SCENARIO.)

DO NOT RELY ON THIS ASSUMPTION FOR YOUR INVESTMENTS..DO YOUR OWN DUE DILLIGENCE.