Replies to post #90274 on Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

The CTs are not dischargable.
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The only way to discharge Cts and all equities is by complete dissolution of LBHI.

As long as LBHI exists, all prospectuses for capital investments including CTs will exist.

Simply because equities are the LEHMAN itself.

[highwaymap]

Like I said, CTs are not dischargable. LBHI will have to issue US the subordinated debt back through the Nasdaq or a major exchange in order to get rid of the CTs.

With that said, by reading the waske motions and Appeals of both Waske and Wu plus Wu's seperate dockets, I came to the conclusion that Fail from Weil was going to do something crooked and try to get the CTs discharged and claim it was a mistake and he "did not know" if he were to get caught. Wu debunked the "I did not know" defense with his filings.

In essence, I think Waske and Wu saved us from an unlawful discharge. Mark my post, at exit they will discharge 10b. And hopefully waske and Wu saved US from that fate.