Replies to post #82127 on Lehman Brothers Financial SA (LEHNQ)

[dnello]

Too, I like what u r thinking. So if Leh bought the asset w/o cash but instead future promised shares what would you suppose would be the bread crumbs to indicate that?

At that large a value it seems unlikely that an entity would sell without a legal document referencing the transaction. That would sure be a smoking gun about a re-emergence as well as value of the entity.

[JOVI]

They have just purchased a piece of this claim.
The other part was from the beginning ...

They could have paid this piece with equity distributions from solvent debtors... or from the distribution they have received from the other part of the claim...

Or there was a loan from other debtors like they mention in the quarterly balancedheet...

Maybe they have other equity claims against other debtors... who know...

Imho

[slimugrian]

The 21,4 B is potentially tip or part of the iceberg.

Now that it's been disclosed that Lehman holds it's own dept it is worth to repost this old 2010 post below on the link and wonder how much of it's own debt Lehman holds via "participations".

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=46850258

Cheers
Slim

PS: indeed, waiting sux big time.

[Joe Stocks]

>>THE 21.4 BILLION CLAIM BY LEHMAN AGAINST LEHMAN

They said it was a claim that was bought from a third party or third parties.

Its a big question therefore on why it was not disclosed as Lehman asset since that all asset must be declared according to Bankruptcy Law, and also, must be distributed as required in the POR. First of all, if Lehman purchased it, then where did Lehman took the money to pay it? Lehman cannot use it’s Available Cash to pay because all Available Cash must be disclosed and distributed to the creditors in the first place. <<

Toogood, Here again you have misconstrued the facts.

What was posted by Lehman;

Response: These Allowed Claims that LBHI holds against LBHI were primarily (i) assigned to LBHI,through settlements or wind downs of other Debtor Controlled Entities, or (ii) purchased by LBHI from third parties. These Allowed Claims are not included in the Balance Sheets or Cash Flow Estimates. These Allowed Claims are included in Exhibit D (“Allowed Claims Eligible for Distribution”) of the Distribution
Notices solely for purposes of calculating LBHI recovery rates by class.

Toogood,

The $21.4 bil is not claimed as an asset because it is not an asset. Once LBHI settled the claims the claim the claim is cancelled. LBHI took $21.4b off the balance sheet by purchase or settlement, probably at a discount. They then hold a claims saying they owe themselves $21.4 Bil. They have reduced debt owed to others by $21.4bil. The claim is then cancelled as it is then a wash and not included in the balance sheet. In theory, they settled and paid out $21.4 bil in claims, and they reduced their liabilities by $21.4 bil. No asset is created. Buying back a claim is the same as paying off debt.

Thinking that $21.4 bil is exchanged for future shares of an unknown company is ridiculous. That would definitely trigger a disclosure.