Replies to post #89609 on Lehman Brothers Financial SA (LEHNQ)

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LBHI auctioned of all its debt from classes 1 thru 9.They did not buy or auction of CTs, but they could have bought all the CTs in the open market for pennies,imo LBHI bought back CTs in the open market.
CTs is a way of great returns for all key insiders too.
Incase of liquidation of capital trusts, the debentures need to get distributed to preferred holders(CTs).
The best solution is exchange with a new ticker and pay cash for back dividends, resurrect LBHI in a reverse merger (or IPO) exchange old equity with new tickers as per priority.
LBHI accumulated lot of assets and on the books there was lot of equity at the time of BK.
Dick Fuld had 400 million shares and he was a consultant in the initial days of restructuring.
They moved to Park Avenue couple of years imo, thats a signal.
In BK they brought down claims worth 1.2 Trillion to around 320 Billion, what happened to around $690B in assets in 2008?.
The plan was to put all assets in LAMCO and issue OBS to Plan Trust, those assets at onetime believed to be around $400 Billion.
IMO, LBHI will resurrect as a giant and powerful with a very good balance sheet.