Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

cottonisking:

<<Would the back interest/dividends get converted to new common shares as well for the $1000 FV Convertible Preferred above?>>

Whether the interest/dividends are paid out in cash or new shares could be determined by how much cash is on hand in the Estate and what the business opportunities are post-BK.

If a buy out occurs, the new buyer would have a different agenda than the existing creditors and creditor committee, even if they are on the creditor committee.

Another stop-gap measure would be a DIP facility to secure debtor commitments and liquidity post-POR until an IPO can be sent into the market.