Replies to post #89792 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

Yes please send me your invoice and I will pay it right away...go wait by your mailbox for my check. Have a good night! Thank you for the freebie WAG!

[fritz603]

stockmojo, thanks for your great post. it´s very interesting for me because I hold tons of commons. if I get nothing or 1 dollar oder 10 Cents it´s a very very big different.

Correct, commons got mostly zero. But Lehman is different and the peer group to Lehman is FNM/FRE. Commons outstanding are 689 mill plus millions RSUs (ex employees). In sum I think 700 millions. IMO commons will have value to give value to the ex-employees and to handle the NOLs. In some cases the commons got a percentage of the newco this would means (cumulative) preferreds will not paid in full. I think commons will get 4% of the new company. My calculation says if Newco will be valued with 10 bill, old commons will get 0.4 bill, CTs 2.1 bill and OBS pref 2.5 bill.

I hope I´m right.

[dhyan40]

In your model, when you say CT and Preferreds are paid, is it just the full face value or does it include the pending back interest(dividend) payments from 2008 to 2020?