Replies to post #12293 on Lehman Brothers Financial SA (LEHNQ)

[Nellafom]

I think the big news will either be the next distribution end of September or afterwards. By then it should be pretty obvious what the big plan is and how it is working (or not working as well).

I think LEH wants to keep Archstone and use either as a flagship business or as a dowery for a weddening. Archstone will be the very last asset they will sell, if they have to.

[jshuey]

CTs are most definitely NOT in "the one big share". Only common and preferred stock. Please note the references to classes not in the one big share. From the bankruptcy admnistrator:

STOCK CANCELLATION/SENIOR NOTES FAQS:

10) I was a Stockholder prior to the filing, what will happen to my stock?

On the Effective Date, the LBHI common and preferred stock were cancelled and one new share of LBHI common stock was issued to the LBHI Plan Trust which will hold such share for the benefit of the former holders of LBHI common and preferred stock consistent with their former relative priority and economic entitlements. The beneficial interests in the LBHI Plan Trust held by former LBHI stockholders are uncertificated, non-voting, and nontransferable other than by will or by the laws of descent and distribution. The Plan states that in the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of any remaining assets of LBHI consistent with all rights and priorities existing immediately prior to the commencement of the Chapter 11 cases. At this time it is not anticipated that any distribution will be made to the LBHI Plan Trust or to any beneficiary of the LBHI Plan Trust.

[hestheman]

Cotton...I was curious. Does this past post of yours still hold true? As we know, our trading cap trust shares are not in the OBS (allthough Lehman tried to put them there at the same time they placed reg preferreds and commons) however at this time you believed that the actual subordinate bonds we are connected to (the CT subordinate bonds) are in the one common share trust escrow account. I had to go back and recall that post of yours also, considering the recent developments with the requests for W9s. As we know, the holding company makes payments to the subordinate bonds who in turn pay us. That is why I felt it was relevant to revisit that conclusion. Of course I am not 100 percent convinced we will be receiving a check in the mail..... but I am not so sure it is a non event either. Someone I spoke to recently seemed to think there could be something behind it anyways. Thanks cotton...hestheman