Replies to post #8808 on Lehman Brothers Financial SA (LEHNQ)

[hestheman]

It's because of Mr. Brandts recent article that I have posted my thoughts on the NOLs and possible reorganization scenarios regarding CTs. I don't think we should get caught up in thinking inside the box in regards to the BK/POR/liquidation/payout format, rather we need to be outside the box playing a little game of "what if". In retrospect, all the vagueness and confusion regarding CTs (like with the delisting mistake fiasco we had) and Mr. Brandts article makes my theory a possibility. Of course it is just a theory and I could be completely wrong. Disclaimer: Always do your own DD, those who rely on the investing advice/or information relayed by hestheman might be better off lighting a weekend bonfire with their entire life savings while toasting smores.

[cottonisking]

Docket 26996 has some good information about Lehman board members compensation. I think there will be enough money to pay everyone some money when Lehman is done building up value in the new company. The board members have very big incentives to make this company successful over the next 6 years.

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Ultimately, the big payday for Lehman's current investors would come when the new, highly tax-advantaged company is finally sold or—heaven forbid—taken public all over again. Mr. Brandt said this kind of rebirth is almost surely what the company's new board has in mind, and it's much easier to do this sort of delicate work away from the glare of a bankruptcy court.

“I understand it might sound strange to a lot of people,” Mr. Brandt said. “But if you're a vulture investor, Lehman is a very interesting opportunity.”