Replies to post #50949 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

If there is no seventh distribution as we expect due to three year POR and cash flow limit, We can think of the possibility that the remaining 15B is the amount of asset that will capitalize the NOL and emerge as a new business entity.

[Jimzin]

Thanks brother toogoodfella!
Help me with this if you can...
1. You have a liquidating trust
2. You have former equity holders in the liquidating trust
3. The liquidating trust can not be an ongoing concern or it loses its IRS status.
4. LBHI can separately exit BK and merge with another company or simply stay in business and start over debt free.
5. How does former equity (now in the trust) get out of the liquidating trust and become part of new LBHI?

Cheers!

[rlinterests]

This new business entity from the combination of asset and NOL will be able to merge with other business or multiple businesses but must maintain fifty percent or higher in ownership as required by the IRS rule in order to preserve the NOL.

Now seriously, what CEO of a profitable financial services company is going to give up his job and profitable company to you for NOL,which is all you have to offer.

But, it gets better. Because you expect multiple businesses to merge. Therefore, we have multiple(many) CEO's to give up their profitable companies and their jobs in order for you (LBHI) to use your NOL, which

]must maintain fifty percent or higher in ownership as required by the IRS rule in order to preserve the NOL,

to capitalize on the NOL.

This is just not going to happen. No CEO is going to give up his company, a profitable company at that, and his job for you so that you can use your NOL. And, you expect multiple companies to do this?

Sounds good. Good for you. But I fail to see the benefit to the CEO, or his company. The company you expect(need) to merge with.

As always, JMO.

















ceo