Lehman Brothers Financial SA (LEHNQ)

[jshuey]

No. Absolutely not -- 10Bs rank above all equity and must recover before equity gets a dime.

I posted the following from the POR just a few days ago. Why some people insist on going off on tangents is beyond me:

"Each holder of an Equity Interest in LBHI through their interest in the new share of LBHI common stock or otherwise)shall neither receive nor retain any Property of the Estate or direct interest in Property of the Estate of LBHI on account of such Equity Interests; provided, however, that in the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of any remaining assets of LBHI consistent with such holder’s rights of payment existing immediately prior to the Commencement Date. Unless otherwise determined by the Plan Administrator, on the date that LBHI’s Chapter 11 Case is closed in accordance with Section 6.6 of the Plan, the Plan Trust Stock issued pursuant to subsection (b) above shall be deemed cancelled and of no further force and effect provided that such cancellation does not adversely impact the Debtors’ estates."

If we are going to speculate, which is fine, we should at least stick to known facts rather than creating our own realities.