Replies to post #30860 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

Hestheman...I love your passion and your posts. and i'll say again, I don't know squat.

BUT, Why then would classes 10ABC be "deemed to reject" the POR? who would reject such a great deal of getting full value on CT's?

Wasn't the sale of Lehman to Barclay's accomplished after filing for BK? If so, then the BK itself is a game changer (default) for CT's and the old rules for CT's don't apply...only the POR rules apply.

I hope you get everything that is coming to you...FV + interest and a new boat. I just still remain dumbfounded as to how ANY money is going to be transferred from a Lehman bank account into a trust account (whoever that trust is) to pay any one of the CT's. How does that work?

Cheers to you.

[Luddy350]

This has had me a bit perplexed... I've read about the 363 sales as well, and was surprised at the power that TruPS holders have to block deals until they are paid. What perplexes me is how our CT's were not allowed to vote on the Plan and how Lehman's claimed we would probably get nothing.