Replies to post #80132 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

How many times this question will be asked?

Cts are indeed a preferred vehicle and therefore part of OBS.

The claim 10-B is in fact, a debt claim (creditor claim) by the trust that will be discharged because there is no money to pay it.

There is no money to pay it because the asset is short of many billions to pay the more senior creditors in full.

(This is the most basic explanation I can do).

[JOVI]

Old news.

"The [LBHI CT'S] receiving a creditor recovery is a low probability proposition. However, there is a possibility that the [CTs] can be converted into new equity representing the various profitable operating remnants of Lehman to take advantage of the $50 billion-plus net operating loss that is leftover. … The most logical move forward would be to create a public traded company that would take advantage of the NOLs leftover from Lehman …. This would give former equity, including the [CTs], a stake in the newly formed company.