Replies to post #84937 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

YES .

you sure have been saying that for ten years.

Its been like a broken record. :)

I sure hope it happens. I still am positive.
Its sux to be hung out till summer of 2020 though.

But what are our timeframe options? ( talking to myself on that comment )

[SwissCheeseAccount]

Toogood they did get cancelled that is why they know longer trade and CT,s continue to trade

[Jimzin]

Lets not forget guys...LBHI equity shares have been canceled...fully canceled.
BUT, we have the very very unique "replacement" situation where we maintain our "former rights of payment" as equity holders...now we all hang out together inside that ONE single share.

Is it common for a bankruptcy to cancel equity and then maintain their former rights of payment?
I haven't been in many BK's but i've never heard of anything like that in the business world. It appears Equity is being cuddled in this BK...I hope it's for all the right reasons at the end and not just a poke in the eye.