Replies to post #80169 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

..also as many of those $BB of claims turned out to be duplicate and hence false claims ......

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True. But all of those false or duplicate claims were already filtered out in the allowed claims in the POR. Hence, Claims was reduced from more than a trillion to about 300 billion. And Some of those are questionable claims that went into litigations.

Regarding the asset and liabilities, you are in fact inaccurate about it. I have been following the balance sheet since the first distributions and I see it consistent with a very large gap of almost two hundred billion. This gap is the liability subject to compromise.

I knew and predicted since the beginning, that all asset will be distributed to the last penny (if not to the last dollar), to satisfy the creditors. And I’m still saying it now, that there will be no distribution for CT’s and equity because the asset is not large enough to pay the more senior creditors in full. The only chance then is in the NOL, if they put it into use.

Now let me modify it a little:

There may be some “little” residual asset remained. The Residual asset, if there is any, will be “donated” according to the POR. but the POR did not mention on “Who will be the recipient” All we can do at this time is use our logic and guess. Although keep in mind that “donation” technically differs from “distribution”