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Re: hestheman post# 24733

Tuesday, 06/04/2013 9:49:46 PM

Tuesday, June 04, 2013 9:49:46 PM

Post# of 111126
der goober hestheman:

<<The emerged successor will then have a "Fresh Start" accounting and "Re-evaluation" that will be applied to the acquired or merged business (AKA the "successor") which includes the entire new corporation including subsidiaries that were not part of the bankruptcy filing) The company will have a newly valued balance sheet with less debt....in essence a leaner, meaner Lehman Brothers (although technically no longer Lehman Brothers Holding).>>

I've been posting a lot of questions on many of the ideas in your thoughts and the tone of the Lehman entity exiting bankruptcy.

Lehman assets were quality, if not, top quality assets. The currency of keeping top quality assets together positively effects valuation.

The currency of keeping managers responsible for accumulating and managing quality assets positively effects valuation.

Further, the write downs of debtors and creditors are decreased and the currency is improved if debtors and creditors have opportunities to participate in the company going forward should there be a significant market opportunity after bankruptcy.

Lastly, the currency or asset valuation is improved if fewer quality assets have to be sold to pay off debtors at deep discounts.

So, how they will decide to do this depends, does it not, on the strategies and market opportunities of the entity exiting bankruptcy and the roles of debtors and creditors in that entity?

I hope we can see some debtors and creditors step up with management and discuss these opportunities soon as opposed to a "stealth lean & mean plan" aimed at rewarding Estate operators and letting loose a hated company with a poor currency and reputation on the Street.

If the Lehman Estate can't do it with about $20B in assets, do we have the right people administering the bankruptcy for Lehman?

Probably not...

der goober mojosteen