Lehman Brothers Financial SA (LEHNQ)

[hestheman]

Yes, but as we know after the chapter 11 filing an absolutely huge market was made for Lehman debt. How many old/cold creditors sold their debt (deeply discounted) to vultures looking to possibly profit from the BK? Those individuals who purchased the debt after BK would not qualify as old cold debt. To maximize NOLs, the reorganized company must be comprised of 51 percent old cold debt OR old cold equity.