Replies to post #2664 on Lehman Brothers Financial SA (LEHNQ)

[linda1]

I am not sure what you mean by eliminated - only the Equity Interests stop trading upon approval of a Plan.



It is my understanding the CTs continue trading until all of the assets have been liquidated.



The new Plan states that the valuation of the assets may not be accurate.



Before a Plan can even be approved there is a Confirmation Hearing where witnesses will be questioned and hopefully the true valuations will be exposed.

[linda1]

THERE IS SIGNIFICANT FINANCIAL DISCREPANCIES BETWEEN THE LEHMAN'S PLAN AND THE NEW CREDITORS' PLAN -



TOTAL ESTIMATED ASSETS UNDER PLAN VALUE -



LEHMAN'S PLAN - $ 65,934,000,000


CREDITORS' PLAN - $ 52,852,000,000



THE NEW CREDITORS' PLAN HAS REDUCED THE TOTAL ESTIMATED ASSETS - UNDER PLAN VALUE - BY A WHOPPING $13,082,000,000.



ALL WE NEED IS 4 MORE PLANS - LIKE THE NEW CREDITORS' PLAN - TO BE FILED AND WE WON'T HAVE ANY ASSETS LEFT.



The financial discrepancies are ridiculous. The Lehman's Plan estimated the Total Assets at $65,934,000,000.


And now the new Creditors' Committee further reduces the estimated Total Assets to $52,852,000,000,000.



DIDN'T THE LBHI STATE OF THE ESTATE ESTIMATE $57.5 BILLION IN TOTAL ASSETS?



ARE THEY TRYING TO SHAKE CREDITORS OUT OF THEIR CLAIMS - OR WHAT???????

[linda1]

The Creditors' Plan shows the total assets at about $ 52 B and the Claims at about $291 B.


And so the valuations of the Assets would have to increase considerably before the CTs are in the money.