Replies to post #8527 on Lehman Brothers Financial SA (LEHNQ)

[lehman]

i have to agree with daredevil. why go through bankruptcy if you have to pay your creditors 100%? but it seems that they must be paid in full before we can. it puzzles me. something isn't right.

[linda1]

I bought LEHMQ quite a long time ago before I knew about the CTS.


The Debtors were quite clear in a response to the US TRUSTEE that the Class 12 Equity Interests' 1 NEW LBHI TRUST SHARE was to preserve the NOLS.


The CTS are only about $ 1.25 B of Debt and I can't see how it is possible to preserve the NOLS with the CTS.


I totally disagree with that analysis.