Replies to post #105113 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

No where is 15.2 does it say that the plan administrator can distribute un-issued treasury preferred shares to creditors.

The 17 million preferred’s are authorized shares not treasury shares. Look up the difference between treasury shares and authorized shares and try again.


https://www.aciclaw.org/news/2019/mid-atlantic-update-in-re-lehman-brothers-holdings-inc/

LBHI was authorized to issue such preferred stock, with over 17,000,000 shares available for issue.

You have confused the plan administrator with Lehman.

what does this even mean?


https://www.benzinga.com/amp/content/29070837

Lehman Brothers Holdings Inc. ("LBHI"), as Plan Administrator,

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