Lehman Brothers Financial SA (LEHNQ)

[marayatano]

So "Based on priority you will have to get the full face before a cent from LEHPQ" means: CT must be paid in full before prefferds sees 1 penny, right?

If that is true, and APR applies, then we should be able to apply it here. So if we do apply it here, then seniors must be paid in full before CTs sees a penny.

Wow, what a concept....

imo

Starnes Member Profile Starnes

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Thursday, February 09, 2012 10:24:53 PM
Re: littledevils90210 post# 7239
Post # of 7341
My 2 cents: A 20% recovery on the CTs for you means $1,500,000..Full face is $7,500,000.. Based on priority you will have to get the full face before a cent from LEHPQ..

Would you be able to make it on 7.5 million? If not then would you buy more of the CTs or other?? Your decision.......

Simplistic but...........



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