Replies to post #91022 on Lehman Brothers Financial SA (LEHNQ)

[goodietime]

"And the company every quarter says the NOLs will be fully used to offset cancellation of debt."

"are expected to be fully utilized to offset income resulting from the discharge of debt on the final date of liquidation of the Debtors."

"expected to be".... NOT...WILL BE.

But, don't you think they will TRY THEIR BEST TO SAVE THEM?

Preservation of Net Operating Loss Carryovers through Bankruptcy

https://www.lorman.com/training/?s=header

"and will explore how a tax practitioner can help a company navigate those rules to effectively preserve the bankrupt company's valuable NOL asset."

[FFFacts]

Thanks for that realistic explanation.

[stockmojo9]

Joe,

There you go again talking about the 2011 POR.

ECAPS were not going to get anything either and they are getting a distribution, Joe.

ECAPS are subordinated debt, have the same guarantee and Tier 1 Capital function as the CTs.

CTs also have the parity clause with all other preferred shares issued by subs or affiliates.

So, Joe, why did they pay the ECAPS they are paying?

GL.

mojo