Replies to post #45253 on Lehman Brothers Financial SA (LEHNQ)

[guster0]

Zero darlin as class 3 won't be satisfied in full.

Let's not start pump'in as you know class 10 b and OBS gets nothing!

Maybe 2018 but I don't know how you cover the 200 + billion $ spread?

[sigsauer]

maximum distribution:

To the extent that any Debtor has Available Cash after all Allowed Claims
against that Debtor have been satisfied in full in accordance with Section 8.13(a) of the Plan,
each holder of each such Allowed Claim shall receive its Pro Rata Share of further Distributions,
if any, to the fullest extent permissible under the Bankruptcy Code in satisfaction of postpetition
interest on the Allowed amount of such Claims at the rate applicable in the contract or contracts
on which such Allowed Claim is based (or, absent such contractual rate, at the statutory rate)
until such time as all postpetition interest on all such Allowed Claims has been paid in full.

I don't think our 2 offshore friends will ever comprehend this

[toogoodfella]

Our pro rata share is 100% and they magically found an additional $8Billion
++++++++++++++
The cash flow is just a small part of the picture. It does not represent the total asset balance.

The increase of asset from December to March balance sheet is about 16B.

I posted this about two days ago.

Ironically, all or most of these increase of asset was anticipated since the beginning in 2009 as part of the -66B investment in affiliates. It (16B) only went to positive in the last March balance sheet when some number of affiliates is finalizing their distribution and realizing their remaining asset.