Replies to post #85121 on Lehman Brothers Financial SA (LEHNQ)

[goodietime]

"Once everything is liquidated and cancellation of debt recorded, the escrow shares will in theory be cancelled. I say in theory in that their is really no incentive from the court and the now closed company to cancel them officially."

Joe, Assuming the legal players know as much as you do, WHY bother to CREATE OBS?

Wouldn't 99.99% of BK's have just cancelled them?
(in 'this hopeless' situation)

Did someone say, "I know thousands of people lost their dreams and life savings, SO, to rub it in, let's create an OBS, and give them false hope for 11+ years."

OR, is there an actual reason.... to be rejuvenated?

[stockmojo9]

joe,

<<. . . and cancellation of debt recorded, . . .>>

According to toogoodfella post 84534:

"THE INDICATIONS THAT LEHMAN IS COMING BACK IS THAT LEHMAN IS RAISING NEW CAPITAL INVESTMENTS IN ADDITION TO NOL;

1. As a result of the implementation of the Plan (POR) Debtors have sought a ruling from the IRS that no COD income to cancel the NOL.( I’ve been shouting this for ten years). . . "

Do you understand the CTs?

Do you understand the POR?

Do you understand what was filed in Court?

mojo