Lehman Brothers Financial SA (LEHNQ)

[jshuey]

What all this means, if we accept the hypotheses of some here, is that for each share we own in any of the CT Trusts, we will receive 1/8,000,000 of whatever recovery there is in any form. Allow me to speculate using a raging WAG just for example.

Say that each of the CT Trusts is granted $50,000,000 in stock in a new entity. Further, just for giggles, let's suppose that each share carried a per share value of $10.00. Each share of the trust then would be converted to 5/8 of a share $50 million divided by $10 divided by 8 million)in the new entity, or $6.25. (We should be so lucky!)

Please do not ask where I got these numbers - I MADE THEM UP - just to demonstrate how a recovery might work.