Replies to post #94326 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Correction:


Note: LBHI and the ECAPS will divide up a fund set aside to pay their LBH plc's subordinated claims:

The ECAPS will receive 16.19% of the fund and LBHI will receive 83.81% of the fund.

[camaro4me]

Wow Cotton, good observation.

[stoxjock]

"Did King Street Capital Management, L.P. buy a majority of our CTs too?

"entities managed by King Street Capital Management, L.P. that hold approximately 14.3% of
Lehman securities commonly known as “ECAPS”.""

Once gain Thanks Cotton for posting this info!

I always suspected that when Elliott & King St jumped in and bought all those Lehman Bonds... Now, we know they got a ton of ECAPS and I bet they have a Ton of CTs too...Great! IF King St & Elliott get paid for CTs, by Law they got to pay my CTs too!

GLTU & GLTA!!!

[highwaymap]

How much is that 14.3% worth? Thanks.