Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

wayner,

It is a good point that the CTs were accumulated already by big boys which could have been done years ago for pennies.

It would also be notable the majority of the Cts were kept at recent $.60 - $75 highs since the volume at the $.75 was on 4k or so.

What is speculative is how they'll be used. If a large Estate banker has them, they could be using them as a strategy to recover outstanding instruments and push for repayment of higher priority claims in a liquidation, unfortunately, and not recapitalize the business.

The recent activities of the Government is showing, again, the focus of these financial settlements is not for the creditors but the voting public at large.

I still hope the Tier 1 eligibility, NOL credits and prospectus covenants will provide the incentives to preserve the CTs and reorganize the Estate into a new administration repairing the damage that brought them down in bankruptcy and re-structured for new business.

mojo