Replies to post #15324 on Lehman Preferred Series "J" Preferred (f

[toogoodfella]

The most dependable and accurate information that is available to us right now is the March31 Balance Sheet. I'm hoping though, That we see the latest for 31December2010, but I believe Marsal will delay it's subbmission to the SEC as long as he can do it legally. And I will not blame him because I believe that there is still some games to play against those Affiliates who are claiming more than they should. Imagine that we, as small investors here will not give much of an impact to his operations but we should understand that there are some bigger entities out there that is also trying to grab as much as they can in todays valuations of all type of shares in LBHI. All the numbers that you see on News and MOR's are all approximates and will not give you the whole picture.

[toogoodfella]

BTW. Linda, You misunderstood the 253B asset by saying it's all "book values" This is the real amount to pay the Liability of 307B and it is short of 54B... It is a fact.

Now to make it more sense for you, Since the deficit is 54B and the last of the hiearchy in payments is the 100B borrowings, Then, The creditors will only get 46B. According to March31 A\L.

omg..do need to teach accounting 101 here?

It will make sense if the complain that you will send to BK court is about the negative -41B investments in affiliates that is included in the Asset because there is nothing in the A/L or any records available saying what have happened to it. but it maybe too early to ask untill all the claims are settled first. Remember that there is a game to play with the big guys.