Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

I believe that you're close to the reality. My figure is around $1.30/share for CTs as the best results.

If senior only gets 21.1%, logically, there is no way that we could get 100% FV. Is it a common sense?

Another reason is that senior did not want to hold up in the process. Estimation has had to be made up as close as possible. If any additional money walks in, why would seniors give up.

Debtors keep remaining seniors that we have paid you as estimated. Now it is the time to extend the payment to other classes under 9 without any subordination/compensation to you.

Above, IMHO, is the best situation for us. We may get nothing. Let see after March/2014.