Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

What do you think about this Litlledevil? I understand the very optimistic number but I want to know your opinion on accuracy..
(emotion not included lol!)

In this analysis:
1.The distribution is equal to the distributable asset of 59.633B (Creditors want it all). As indicated in the Plan disclosure.
2.The 22.7B Usage of cash from April is inserted as negative in assets.

DECEMBER 31 ASSETS AND LIABILITIES A/L.

Total assets:
Distributable..................59.633B
Usage of cash..............(-22.700B)
Receivable......................7.966B
Investment in Affiliates...-64.885B
Due From Affiliates........150.342B
_______________________________________
Total..................................130.356B


Liabilities:
Secured Payables.........6,231B
Due to Affiliates...........28,850B
Secured Claims............2,866B
Taxes Payable..............1,550B
Claims.......................358,035B.. (Liabilities Subject to Compromise)
__________________________________________________________
Total Liabilities..............397.534B
_________________________________________________________
EQUITY......................(-267.178)


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ANALYSIS.... (Not part of A/L)

Equity..................................................................(-267.178B)
Remaining Distributions: 59.633B minus 22.7=.........(-36.933B)
Cancellation of Claims (discharge)............................358.035B (Due to Plan Settlement's 59B distribution)
__________________________________________________________________
Remaining Assets.................................................53.924B