Lehman Brothers Financial SA (LEHNQ)

[slimugrian]

600B is claims but the Holy Grale to look at is balance sheet. We should get some update soon.

As of Dec 31, 2012 assets were 116 and liabilities were 353. Consider all those "dues from" and settlements, withrawals, subpoenas and appreciation of assets. Does that 116 seems so small and 353 so far away? I don't think so. For example take a simple well known accounting practice that if you have a claim against bancrupt entity or you have some sort of asset under the bankrupcy litigation how you should reflect it in you books. With 0 value. CAAP or whatever other standard. I'm tying to say that the 116 is extremely conservative and undervalued number. Today European and Australian affilates creditors are getting 100% + interests (again that temporary vs fundametal and fraud). About a year ago this 100% was unthinkable. And you know what todays articles mention here and there about US entities.

It is wonderful summer night in my timezone. Like I said, get ready for 100% or so and dirnk that Coke. It ’s just a matter of time.