Replies to post #96798 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

(2) As may be requested by the LBT Trustees, in order to assist the LBT Trustees
in the administration and resolution of the LBT Case, upon the request of the LBT Trustees, which
request shall be made no later than ten days prior to the Effective Date, LBHI shall as soon as reasonably
practicable after receipt of such request, but no later than one day prior to the Effective Date, cause the
transfer of the shares of LBT in exchange for no consideration to an entity designated by the LBT
Trustees to be incorporated under Dutch law (the "Entity"). The Entity shall not own any interest,
directly or indirectly, in any Debtor or Lehman Tax Affiliate (other than LBT), nor shall any Debtor or
Lehman Tax Affiliate be a direct or indirect beneficiary or owner of the Entity. The LBT Trustees shall
cause the Entity to be formed prior to the date of the transfer of the LBT shares.





WHEREAS, the LBT Trustees may request LBHI to cause a transfer of the shares of
LBT to the Entity (as defined below) controlled by the LBT Trustees for the purpose of advancing the
administration of the LBT Case;


"3.(a)(2) As may be requested by the LBT Trustees, in order to assist the LBT
Trustees in the administration and resolution of the LBT Case, upon the request of the LBT
Trustees, which request shall be made no later than ten days prior to the Effective Date, LBHI
shall as soon as reasonably practicable after receipt of such request, but no later than one day
prior to the Effective Date, cause the transfer of the shares of LBT in exchange for one euro (€ 1)
to an entity designated by the LBT Trustees to be incorporated under Dutch law (the "Entity").
The Entity shall not own any interest, directly or indirectly, in any Debtor or Lehman Tax
Affiliate (other than LBT), nor shall any Debtor or Lehman Tax Affiliate be a direct or indirect beneficiary or owner of the Entity. The LBT Trustees shall cause the Entity to be formed prior to
the date of the transfer of the LBT shares“[\quote]


How do you interpret this? What does this mean to you?

[slimugrian]

How is LBT going to get LBHI shares? Thanks.

Via bonds. I've posted this in 2019 when this bond appeared or was issued in the end of April 2019.

https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FLEHM4829152&symbol=LEHM4829152

Lehman Brothers TSY BV, symbol LEHM4829152, Maturity Date 12/31/3999

Bond with such maturity date is categorized as perpetual bond. A perpetual bond is actually equity.

Cheers
Slim