Replies to post #89340 on Lehman Brothers Financial SA (LEHNQ)

[sharing4u]

Swiss,

Please reread my post #89332.

Here is the text:

Pursuant to the Plan, as of the Effective Date, all existing shares of common stock and preferred stock issued by LBHI were cancelled, and LBHI issued one new share of common stock (the “Plan Trust Stock”) to the LBHI Plan Trust, which holds such share for the benefit of such
former stockholders of LBHI consistent with their former relative priority and economic entitlements.

Clear and cut in the Grantor And Beneficiary Statement dated 12-31-2017.

[toogoodfella]

I always thought they would be cancelled..
——//——//—//-

It is a paradigm in your part. This bankruptcy have a different scenario and a different way of reorganization. Remember, ownership cannot be removed specially if it’s the NOL that you owned.

The theory;

All remaining asset is returned back to creditors (owners). There is no asset left (zero) for equity holders or for the whole company itself. (Nothing, Nada, nomas).

We now speculates that the “zero asset” Lehman will come back into business by utilizing the tax benefit of 50B NOL. The NOL tax benefit is owned “exclusively” by the equity holders, “with the same economic priorities and entitlement”

In simple words, Lehman with “zero asset” is now fully owned by the equity holders “with the same economic priorities and entitlements” ..

And, creditors are joining in by providing a new Cash capital of 24.1B. With a possibility to bring in their own tax benefit or NOL.

That’s the theory (at least)