Lehman Brothers Financial SA (LEHNQ)

[StockJoker]

Hey guys...I don't post much anymore but none the less I'm in a trust also. I never really like discussing stocks all that much, but since we all locked in here...What the heck I figure. To my own understanding and from my own dd of the trust I own. We are 10b equity until canceled ..then we become debt...When all the equity was canceled in error I believe the Trust were cancel..Once they realize we became debt..The trust were reinstated and I do believe I read somewhere a court order halt was placed on the Trust.


Either way I'm a fresh face on the board and I'm ready to nail as much of this down as possible..

The reason I bought the Trust in the first place was for shares in Archstone and hopefully a cash payout of some sort..Which I figured would never happen when I invested.

In 2008 Lehman was going to do an D/E swap and IPO ArchStone..Now along with the NOL's the more debt brought to the table the merrier.

Where Lehman stands on Archstone now ..Owning close to 75% with an option to match Zell and own 100% Archstone..Valued around 16-18 Billion including debt ....I do believe where we stand now as Trust owners Archstone belongs to us..In one of Lehman's latest filings 6 Billion was set aside from the payout to use in
acquiring Archstone...

What will happen to the trust is the question...From my understanding we will be converted into junior Sub debt.

What happens next I'm not so sure on, but I feel one of two things will happen...

We will get shares in Archstone.
We will be canceled and walk away with nothing ( and I have more backing this feeling up than I do in getting shares in Archstone..


Does anyone know what forces Lehman to make payments to the junior Debt?


Also I feel once class 3 is paid in full to the allowed claims of class 3..the juniors will see a payment..If payment is made to the juniors...We are in the money