Lehman Brothers Financial SA (LEHNQ)

[littledevils90210]

cottonisking: dude you and wayne49 are both getting me to think now. Answer this question.

1. What is the status of CTs? 10B we know. But is it still 12? If so, is it still a part of the one big share in that trust even though we are trading? Remember the POR and BK laws are the new laws and supercedes the past contracts/perspectus. In the POR we are 10B.

2. Who controls the NOLs. From cotton's and wayne's post it seems like that one big trust which CTs are not a part off. IMO LBHI controls the NOLs as long as equity does not change over a certain %. Also, when can NOLS be touched for sale or merger? pre or post the 3 years?

Selling of NOLs have to be the last thing because once sold or merged, Lehman is finished right? so if truly post BK, CTs dont see a dime of it?

go figure..devil