Replies to post #70092 on Lehman Brothers Financial SA (LEHNQ)

[goodietime]

I thought it was a good possibility that the CT's would be used as a 'vehicle' for the large amount of NOL's.

Is this an option still available?

[cottonisking]

A new 15% corporate tax rate will increase the value of LBHI's $55 Billion in NOLs. Why? The $55B plus in NOLs will last longer as a tax reduction tool for the big boys.

"Cotton, a simple question, a guess question for you.

In your opinion do you see a favorable outcome for CTS?"

We have a few pennies and a little time invested in Lehman Brothers.

Whereas, 25000 plus Lehman Brothers employees invested "too much" into Lehman Brothers.

Lets read the news and see if the wise men trash $55 Billion plus in net operating losses.

***

WL Ross Gets OK To Buy Lehman's $110M Stake In Navigator
By Lisa Uhlman
Law360, New York (September 19, 2012, 6:02 PM EDT) -- A New York bankruptcy judge on Wednesday approved the $110.2 million sale of Lehman Brothers Inc.'s stock in propane transporter Navigator Holdings Ltd. to investment tycoon Wilbur Ross Jr.'s WL Ross & Co. after no higher bids were submitted.
U.S. Bankruptcy Judge James M. Peck granted final approval to the sale, which he initially greenlighted in August while requiring the trustee liquidating the Lehman estate to entertain a higher offer for the 34 percent stake in the company if one were to emerge. But with no such offer on the table, the judge approved the sale to WL Ross, giving it a majority stake in the company, which operates a fleet of tankers that ship gas, ammonia and other petrochemicals.

Ross was in the courtroom for the proceeding.

http://www.law360.com/articles/379826/wl-ross-gets-ok-to-buy-lehman-s-110m-stake-in-navigator