And since Lehman is bk clearly the NOLS don’t show up on the balance sheet. We are basically agreeing that the NOLS reflect 0 on the financial statements but you are arguing against it??
It went to equity holders who contributed capital.
Like I said show me the words “plan of liquidation” you keep asking for “plan of reorganization” show me “plan of liquidation.” Fact of the matter is, you can’t. It is just called the plan which IMO consist of a reorganization and a liquidation.
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why are the LBIE administrators trying to continue as a going concern? ITS TO PAY LBHI THE SOLE SHAREHOLDER. They can raise debt and or equity to help with these payments. If the court finds these kind of activities beneficial to the creditors, you really think the judge won’t approve? You really think the judge will say “no, liquidate only!! I don’t care if the creditors take a loss, only liquidate that is ordered!” You really think the judge and Lehman themselves don’t want to be benefit it’s creditors that is the angle you approach this entire situation at. It is like you believe LBHI estate and the judges are out to get the creditors of the estate which is absurd.