Replies to post #70676 on Lehman Brothers Financial SA (LEHNQ)

[wayne49]

CTs are quasi with both creditor and equity status. That is why they are in 10b and not 12. I prefer us to be 10b with the no discharge and in parity with the most senior preferreds clauses under the guarantee. If we get converted to new equity, so be it. But, I like our chances as creditors with the guarantees more for post bk NOL play. V