Lehman Preferred Series "J" Preferred (fka LEHJQ)

[toogoodfella]

After the 65B distribution: (Re-Post)
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 I am 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.

Plus:
10B From NOL??.
8B From JPM??


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