Replies to post #76813 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

JOVI,

<<Upon completion of the liquidation of the Debtors, all remaining NOLs of the Debtors will be eliminated.>>

Ok.

So, let's screw with this for a few minutes.

Does this mean 49% of the $55B in NOLs, the Debtors share, will go towards canceled debt?

Does this mean 51% of the $55B in tax credits go towards the equity positions and the LBH UK restructuring?

Why would DIP Lehman allow $55B in canceled debt without any equity vote?

It seems they could have paid down the debt without losing as much as they did and re-positioning the employer in some matching write downs but the attorney's are looting the DIP as much as they can, I know.

After all, since Paulson, Bernanke & Bush, they had no reason to stay in business.

Pissed.

mojo

[JERSEYHAWG]

NOLS WILL BE ELIMINATED


Well ,,,, that doesnt sound good.

Or is this another twist?

[Joe Stocks]

>>Upon completion of the liquidation of the Debtors, all
remaining NOLs of the Debtors will be eliminated.<<

Jovi. Good find. Thanks! I was hoping at some point the trustees would address the NOLs. Finally we can bury the NOL play. According to IRS section 382 it was dead on arrival has I have explained many times.
This should also kill any thought of an OBS play. With no NOLs, and all assets being liquidated, the estate will be left with nothing.