Replies to post #47914 on Lehman Brothers Financial SA (LEHNQ)

[camaro4me]

All IMO - Yes, there is big money to be made here. Volume is low because people won't let go of their shares. Trading at maybe 50 cents, the face value is $25. Plus dividends are cumulative and not distributed to us since 2008, plus interest, which appears to add in. Lots of research can be made. Follow posts made by Cottonisking, Heistheman, Wayne49. Like at least a partial payment will be coming our way in October. I'm not sure about the ownership of record date though, I don't see one listed yet that makes sense to me.

[Joe Stocks]

Run, just don't walk away from these shares. The underlying bonds of these trust shares are in bankruptcy. The Plan of Reorganization (POR) clearly states of the funds from this liquidation shall be distributed. It is very clear there will be NO distribution to these CTs shares. Any argument that there will be is nonsense. There will be no distribution this month, nor next month, or any month. Most here will say that no one really knows that. Not so. All you need to look at is what is owned to more senior debt that have priority over the Cts for distributions, and then look at how much is left to be liquidated to see that there is a much higher than $100 billion short fall. Many here are trying to take disparate excerpts from various court filings and trying to say there is a link to the Cts and eventual payout. They don't. It is very clear and defined that that the Cts are class 10B debt.

But the key think to think about is after 6 years of Lehman being in BK, why is it that their is no volume and the shares linger under 50 cents with wide spreads? Do you really want to base you investment decision on flawed information given out here, or look to see what the logic and and the market is telling you. If you read the disclosure statement here you will also see that it is estimated that the Ct shares will see no recovery.
http://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm#rom224677_189

[Greta Grabo]

here is what we are reading and believe is our payments

Lehman Brothers Inc. Trustee Sets Distribution Fund of $4.6 Billion for Unsecured General Creditors

http://news.yahoo.com/lehman-brothers-inc-trustee-sets-distribution-fund-4-113100238.html

"This first interim distribution to unsecured general creditors totaling billions of dollars is a milestone in administering and winding down the LBI estate," Giddens said. "That such a distribution is even possible represents an extraordinary achievement that was far from certain when the liquidation began. We expect additional distributions to unsecured general creditors, while maintaining appropriate reserves and protecting claimants' interests and due process rights."