Replies to post #29361 on Lehman Brothers Financial SA (LEHNQ)

[mik1]

and post-bankruptcy interest.

oops, Im not alone.

[hestheman]

Paid in full = Paid in accordance to the agreed upon recovery in the plan (however the POR will not close out after that point, and creditors may receive more $$$ on liquidated assets from the bankruptcy 365 sale) Whenever the debtors go to the Judge after the completion of the 365 liquidation and the Judge feels the "good faith effort" has been made....the POR then closes out. Post bankruptcy interest = payment on interest fees or assessments that came due after filing the bankruptcy. This would be tacked upon to the agreed upon recovery for creditors, from liquidation and possible higher recovery value from BK 365 assets. The wording you posted does NOT mean the debtors will need to pay the entire claim amount plus all interest owed on such.

[hestheman]

To be quite honest, I've never been quite sure we'd be paid from the 365 liquidation plan anyways. Although it is a possibility, I have always believed we'd live outside the plan, afterwards in some way. My main speculation is that we were assigned or assumed (Do DD on assigned or assumed executory contracts in bankruptcy). In a chapter 11, assumption or assignment can take place at ANY time. For those saying there is no evidence that our CTs have been assumed....one poster on here posted updated info on one of our CTs (LEHKQ) which was given a SEDOL number (exclusive to UK securities, Barclays is headquartered in London, and is a London company). Also...3 different posters claimed that a rep at EPIC site (who is familiar with the Lehman BK) stated that the CTs were "not a part of the bankruptcy". Stockbum posted a transaction labeled as "highly confidential" that I believe involved LBHI, JPM (our new transfer agent) and Barclays (and it had to do with assumed contracts). It may have had something to do with us, or maybe not. Finally, the uplistings in themselves should give some a clue that there is a larger plan in store for CTs than being discharged and delisted. They could have just as easily kept us on the greys for that scenario...