Replies to post #76432 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Cotton, First of all this has nothing to do with the CT's. Here is what the motion says;

By this Motion, the Plan Administrator requests authority to cause LBHI
to issue preferred stock so that such stock is available to substitute for equity securities (the
“ECAPS”) previously issued by five non-debtor partnerships. The relief requested will enable
LBHI’s creditors to realize the value of those five partnerships to which they are contractually
entitled. It will ensure that both LBHI and the holders of the ECAPS remain in the economic
positions and recover in the priorities to which they contractually agreed prepetition, preventing
a windfall to third parties at the expense of creditors of LBHI.

There is NO connection to the ECAPS to the CTs. None. Zero. Any economic value to the estate of LBHI flows to LBHI to be distributed to creditors as to priority as outlined in the plan of liquidation. The only way this motion could benefit the CTs is if the liquidated value of the preferreds exceeds something like $160 billlion and all other creditors in higher ranking classes are PAID in full.

[JERSEYHAWG]

WOW ,, your drove your shoe pretty deep. Lol

Right up there.

[stoxjock]

"From the Plan Administrator's lips to our ears!

"The relief requested will enable LBHI’s creditors to realize the value of those five partnerships to which they are contractually entitled."

Cotton, How is this beneficial to us wen LBHI/Debtors want to STEAL everything in the Plan Trusts Assets (our & ECAPS underlying Assets) and give them away to the SCUMBAG Sr. Creditors AKA Hedge Fund $CUM! ??

Are you anticipating that the English Courts and /OR JPMC will not ALLOW This as JPMC is the GUARENTEE Trustee for our CTs & ECAPS?? TIA for your Response on this.