Replies to post #75867 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Don't you think there is "conflating" going on, argus?

What is happening in the UK is one thing.

What happens in the US with LBHI & the CTs is another.

LBHI Preferreds for ECAPS is yet another.

What makes you think the LBHI Preferred Substitute Issue is for the CTs?

Cotton's cut & paste must be read carefully because he uses the ECAPs LP docs from their initial placement and they have been re-registered this year and managed by the RSM agreement that is withholding distributions since May 2017.

RSM may be replaced. Maybe the Katz Substitute Preferred motion is part of it.

Hopefully, more will be disclosed this week.

Good luck.

[newflow]

I see it this way Argus.

ECAPS assets can become LBHIs only if the ECAPS are guranteed by some thing.That was LAMCOs plan,right?.Now theyn say that they see value in the assets, but before they thought it was nothing(BK allows it).

And ECAPS are ok with susbstitute preferreds in class 12.And the court will say, ok distribute the paper for nothing?.Its for estates benefit too,the big OBS is about to break soon,IMHO.

And if ECAPS are in lower class than CTs, CTs should have priority than any equity in class 12.

JIMHO.

[SwissCheeseAccount]

I don't get it. Are they proposing to STEAL the Ecaps & CTs by replacing them with less valued preferred shares they make out of thin air and stuff into OBS???

I think this is correct!!!