Replies to post #12347 on Lehman Brothers Financial SA (LEHNQ)

[marayatano]

I was in the middle of editing my post, and it was too late. Anyhow, I don't feel like re-typing it.

Point is: Sub debt is not equity, nor was it re-classified as equity.

debt is debt.

imo

[cottonisking]

I owe you a response. 524ESC7M6

"CT subordinate bonds are in the one common share trust escrow account. Man when I heard and verified that news, I jumped out of this 747 back in Europe. We needed the debt to equity connection in this American BK."


"in the one common share trust escrow account" = has always meant the "plan trust" or "LBHI Plan Trust" to me. It has never meant the 1 common share. I used 1 common share in the language to help identify the plan trust. The trust is the escrow account. The 1 common share is not an escrow account. LOL The POR uses Plan Trust. However, we know what trust they are talking about. The one common share trust escrow account and not the 1 common share itself that contains all preferred and common stock.

I used "CT" in front of your "subordinate bond" to let the reader know that your bond is linked to the CT structured grantor trust.

"marayatano Saturday, February 11, 2012 6:05:44 PM
Re: irishintelligence post# 7324 Post # of 12150

No, I own CUSIP 5249087M6, which I believe is the same one below. Although I am not a CT owner, I am a direct owner of the bond itself BNYM."

Our break down in communication does not change the facts or answer! Your bond is still in the plan trust or LBHI plan Trust along with the 1 common share (that has all the legacy preferred and common stock).

Keep up the good work. I am currently reviewing the plan on liquidating trusts among other things.