Replies to post #71600 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

maybe so, its hard to read for me. but i get the point. maybe so. that money to higher classes sure put the whammy to us.

thank you mr newflow

[Jimzin]

You are correct in the real world Newflow...BUT
There are no longer LBHI stockholders. ALL LBHI stock has been cancelled.
Today, we only have BENEFICIARIES, former LBHI stockholders, in a liquidating plan trust.
We've been trying to decipher this thing for many years, so your guess is as good as mine...

Cheers

[toogoodfella]

subordinated in right of payment to all senior debt as set forth in the subordinated indenture, but entitled to receive payment in full of principal and interest before any stockholders of Holdings receive payments or distributions.
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Completely agree but this bankruptcy don't have enough money to pay the seniors in full. Nothing left.. NADA!!!