Replies to post #71578 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Very good, your in line with your thoughts as most others are re NOLS.



Good post, thanks

[VivaLasVegas]

BINGO!!! We have a VeeeeNER!
Awesome very concise post!

And you kept it under the 8-9 bullet point limit that Prez Trump prefers all prepared one-page daily briefs.

[Jimzin]

I hope you're correct...
how does one reconcile with the fact that CT's, ARE in effect being paid currently per the POR. To give effect to security agreements, although payments are redirected to senior note holders...
I can't figure that one out.
If CT's have been receiving payments only to be redirected to seniors, then CT's are being paid and possibly "satisfied in full" within the scope of this BK.
Maybe the debt side is being paid within the BK (stated in POR) but the equity side of CT's are in the OBS Plan Trust...to share in NOL and Newco.
That is the scenario I lean towards.

One thing is for sure...we won't know for sure until the fat lady sings

Cheers & GLTA

[newflow]

THE TRUST AND NEW STOCK ARE NECESSARY FOR NOLs

From extension of Plan Trust motion
The Plan
Trust and the New Common Stock are necessary to preserve valuable net operating losses and
other tax attributes of the Chapter 11 Estates and to ensure compliance with applicable securities
laws. To date, the Plan Trustees have effectively and efficiently complied with the provisions of
the Plan Trust Agreement. The term of the Plan Trust must be further extended to allow for
continued ownership of the New Common Stock, preservation of the Chapter 11 Estates’ tax
attributes, and compliance with securities laws.