Replies to post #103901 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

See the CTs' broken Bankruptcy Contract behind your glass enclosure:

liquidation distribution in cash. Upon any voluntary or involuntary liquidation or bankruptcy of Holdings, the property trustee, as holder of the subordinated debentures, would be a subordinated creditor of Holdings, subordinated in right of payment to all senior debt as set forth in the subordinated indenture, but entitled to receive payment in full of principal and interest before any stockholders of Holdings receive payments or distributions. Because Holdings is the guarantor under the guarantee and, under the subordinated indenture, has

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm

stock·hold·er
/'stäk?(h)old?r/
Learn to pronounce
noun
plural noun: stockholders
NORTH AMERICAN
a shareholder.

CTs
ECAPs
Plan Trust's Equity
LBHI's Equity
LBHI Subsidiaries' Equity

[toogoodfella]

Re: Subordinate Guarantees are (1) ?subordinate to Lehman’s liabilities …

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ALL TRUPS ARE STILL EXISTING. NOTHING IS WRONG WITH IT AND THEREFORE NO NEED TO IMPLEMENT NOR EXERCISE WHATEVER YOUR INTERPRETATIONS WITH ITS GUARANTEE!