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Replies to post #8815 on Lehman Brothers Financial SA (LEHNQ)
littledevils90210
03/20/12 10:15 AM
#8821 RE: hestheman #8815
marayatano
03/20/12 8:33 PM
#8855 RE: hestheman #8815
Yes, but as we know after the chapter 11 filing an absolutely huge market was made for Lehman debt. How many old/cold creditors sold their debt (deeply discounted) to vultures looking to possibly profit from the BK? Those individuals who purchased the debt after BK would not qualify as old cold debt. To maximize NOLs, the reorganized company must be comprised of 51 percent old cold debt OR old cold equity.