Replies to post #109598 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

😇😇 LEHNQ may have 9 million shares outstanding.

Updated:

🤑🤑CTs Holders 8% simple interest since September 15, 2008:

15.3 years × $2 per share/Year × 49,000,000 shares = $1,499,400,000


Note: The CTs' subordinated debentures might trade on a market real soon. The BNYM's distribution cost may be included in the numbers below.

Compared to:

Total Liabilities and Stockholders' Equity $ 1,763 m = CTs' Successor Rights $1.763 Billion

$1.763 B - $1.500 B = $263 m remaining to consume in CTs Holders' back interest and distribution cost.

Source and Basis: LEHMAN BROTHERS HOLDINGS INC. and LBHI-Controlled Affiliates
Balance Sheets As of October 5, 2023.

[cottonisking]

📊 📉 CTs' back interest consumption rate:

1 year × $2 per share/Year × 49,000,000 shares = $ 98,000,000 per year

September 15, 2008 + 17 years = September 15, 2025

$98 m x 17 years = $1.666 Billion or until 2025

LBHI's Safety Factor:
$98 m x 18 years = $1.764 Billion or until 2026


Basis:

Total Liabilities and Stockholders' Equity $ 1,763 m = CTs' Successor Rights $1.763 Billion


Source and Basis: LEHMAN BROTHERS HOLDINGS INC. and LBHI-Controlled Affiliates
Balance Sheets As of October 5, 2023