Replies to post #95317 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

I ditto those remarks, especially the part about NO ONE exactly knows how this biggest BK ever in the history of mankind will end.
The lottery drawing date is getting closer...

Cheers

[Joe Stocks]

>>NO ONE exactly knows how this biggest BK ever in the history of mankind will end. <<

Thanks for the reply. That is not correct. The liquidation plan is very clear. A complete liquidation. If you had a business that went bankrupt and was ordered my the court to liquidate, that is exactly what would happen. Does not depend how big the company is. What is in question is if those assets that are being liquidated are enough to pay back your creditors. In Lehman's case they do not have enough assets. That is so obvious. You can try to read things in to the Lehman situation like the NOLs will be fully utilized and say that because the said "expected to be" does not mean they will. If you understand the process and can read a balance sheet you know they will all be used.

And why is my opinion so unreasonable? Looking at the share price the market agrees with me. And with all the time that has gone by certainly if there was a chance for recovery it would have been discovered by financial minds bigger than ours...well maybe not mine.

Good luck to you, my friend! Good luck to all of us in our lives, no matter which route the Lehman CTs go. :)

Thanks! To you as well!