Replies to post #39228 on Lehman Brothers Financial SA (LEHNQ)

[wayne49]

I agree. The stay is necessary in all Bks as they keep creditors at bay while they work things out. That is why it has been extended for so long. But, resolution have to come at some point. The stay is extended to May XX, which is fine.

I also think there will be a post bk entity. The question is what kind? One with NOLs only like WAMU or one with significant assets and NOLs? I think they are talking to creditors on this as how to proceed. I will tell you this, creditors will see a part of the new entity. I still think they will liquidate to the bone and then exit with the new entity. They will exchange shares of the new entity to satisfy all the remaining debt under the IRS exception...go figure