Lehman will still need to have voting shares issued. 60 billion. Is just exchange of debt and is non voting stock. Also the $60 billion is nominal value. If all these shares were exchanged for debt then I expect the market value to rise a lot. I’m thinking big creditors may take the common shares for voting power and control of the company. I’ve been saying I think the $ 60 billion shares are for classes 10A-equity. And maybe some for other big creditors but mainly i think it is intended for classes who were deemed to reject the plan for cash distributions. So after 14 years they will be paid in stock in a going concern. That seems like a fair and equitable plan if you ask me.
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