Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

That's good stuff Cotton! In your opinion what would keep LEH from just leaving CT's alone to grow on the open market, as they are doing now. It seems to me that LEH can and will pay off the $65B owed...sooner than 2016 with various IPO's and selling assets.

Then they have to bring the CT's current with overdue interest payments. The OBS plan trust escrow holders can end up anywhere the new board sends us...I believe I read that in the POR. When they do that - OBS is essentially paid off with new shares from the receiving company - no real obligation to OBS but it helps keep NOL's.

Then the current CT's remain traded openly on the stock exchange with a due date for FV redemption +/- 25 years away. Isn't it true that as long as they continue to pay +6% annual interest to CT holders they remain current on their obligation? Isn't that the less expensive way to go for the new Lehman?

I may be smoking too much crack though...it's all very complicated.

cheers