Replies to post #77010 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Can you put that in English?

[stoxjock]

Cool, Thanks very much Cotton! Looks like there are big investors in ECAPS and CTs from either within these banks or they have big clients who are investors in ECAPS/CTs, which bodes well for us CT holders.

[zulual]

Now, after a decade, those big guys are talking about “ Trigger Event “, substituted preferred stocks.
Why did they keep silent in the beginning?

[solgari]

Thanks cotton.

What do think the couse of action of plan administrator would take regarding ECAP/CT given that the motion is most likely rejected?

[wayne49]

There are many objections because the ones who object probably hold alot of preferred shares. They know whats up!

[cottonisking]

ECAPS' holders want cash! Unless LBHI can provide the ECAPS' holders with a cash equivalent, the fight will go to the highest court in the land.

LBHI's Plan Trust, as it exist today, cannot create pre 9/15/2008 preferred stock!

"The term cash and cash equivalents includes: currency, coins, checks received but not yet deposited, checking accounts, petty cash, savings accounts, money market accounts, and short-term, highly liquid investments with a maturity of three months or less at the time of purchase such as U.S. treasury bills and ...
What is included in cash and cash equivalents? | AccountingCoach"

https://www.accountingcoach.com/blog/item-in-cash-and-cash-equivalents

Enjoy the movie and read the dockets written in English