Lehman Bros 7.25% Pref''d Series P (fka LEHPQ)

[JERSEYHAWG]

Thank you

[sidedraft]

I wonder if even this is to be believed?

http://investors.morningstar.com/ownership/shareholders-overview.html?t=LEHPQ

or this:

http://investors.morningstar.com/ownership/shareholders-overview.html?t=LBHGP

[radiumsoup]

are you *sure* this is a report of institutional owners???

[DJN]

strange, I see that now too. Sorry if I mislead anyone, but it does seem strange to have that information out there.

[sidedraft]

I think the data feeding that page is being mis-selected.

Usually Market participant is the market maker, but not here.
If you select issue, instead of market participant, the MM show up.

[DJN]

I understand and agree. How could they get them without us seeing the trades in time and sales? Do you think it's a bogus report on the OTCBB site.

[sidedraft]

I don't see anything close to the almost 2 million shares that are associated with CITIGROUP, that's virtually half of all the shares:


This is all I see since the first of the year:

[DJN]

Thoughts? Shares going up in the volume would indicate buying, but how they are getting them I don't know.

[DJN]

http://finance.yahoo.com/q?s=CTGBZ&ql=1

That is one of CITIGROUP's symbols.

[DJN]

Yes, I forgot to include the protocol of http. I fixed it.

What do you think SideDraft?

[DJN]

Yes, how are they getting their hands on them without us seeing the action.

I need to do more research.

[radiumsoup]

are those supposed to be institutional owners or something?

[DJN]

It appears CITIGROUP has accumulated 700039 shares since Dec 1st, but I don't know how as I don't think we had that much volume in the last month.

[sidedraft]

It's a link:

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=mp&Issue=LEHPQ&SortBy=volume&Month=1-1-2012&IMAGE1.x=23&IMAGE1.y=5

[JERSEYHAWG]

DNOTO......what? Cant decipher post

[DJN]

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=mp&Issue=LEHPQ&SortBy=volume&Month=1-1-2012&IMAGE1.x=23&IMAGE1.y=5

[PARLAY_IS_ON]

'Archstone, banks, asset manager Neuberger Berman and private equity'. www.reuters.com/
article/.../us-lehman-idUSTRE7B423S20111206
'While Lehman winds down, it will continue to
manage its holdings in real estate company
Archstone, banks, asset manager Neuberger
Berman and private equity..' Hmmm?

[VivaLasVegas]

LEHPQ vs. LBHGP - You PQ buyers: You realize you can buy the same claim amount for about 1/3 to 1/2 the value with the LBHGP's and actually they carried a larger coupon.

Liquidity isn't quite as great, but I really doubt you're buying for liquidity purposes at this point.

[DJN]

Bump. Lehman Settles Securities Class Action for $40 Million
Lehman Asks Judge To Slash $35 Billion In Banks' Bankruptcy Claims


http://www.bloomberg.com/news/2012-01-13/lehman-settles-securities-class-action-for-40-million-1-.html

http://www.nasdaq.com/article/lehman-asks-judge-to-slash-35-billion-in-banks-bankruptcy-claims-20120113-00594

[FadeMeToWin]

Wake up!!!! Happy New Year.

[PARLAY_IS_ON]

Got a good amount a long time ago and holding. I had a big order for well above that price but no luck. I am just trying to be greedy like some others, but I already have plenty, thank you..

[JERSEYHAWG]

HOORAY !!!! finally some action on this thread,,go LEHPQ.

IMHO, just a matter of time,,then POP !!!!!!!!!!!! $

[stripus]

Try to get some LBHGP's for .0001 as I have seen that happen in the past. Since that is a grey sheet you might have better luck.

[PARLAY_IS_ON]

I would take 350,000 shares at .0001=3.50?

[FadeMeToWin]

I have some for $3.50

[PARLAY_IS_ON]

I need ALOT more before 01/31/12 at .0001

[Voltare]

hey stop talk crap

[PARLAY_IS_ON]

Anyone want .0001 for Pref? Please let me
know.

[Jestiron]

WOW! Yeah! Talk about a blast from the past!!! LOL Hope all is well!
-Jest

[JERSEYHAWG]

one thing is for sure, we will be here till the end, GLTA

[Bizreader]

This sounds like stock holders may be around for some time now.

[Bizreader]

The Lehman commons could be gone by the end of the year or January.

I'm going to take a loss on those if they don't double from here.

Oh f'n well.

[Bizreader]

I was poking around the Lehman boards today and saw this.

I'm touched, moved and about to puke!


LOL

[JERSEYHAWG]

http://i205.photobucket.com/albums/bb130/steelhog1/untitled-1.jpg

[JERSEYHAWG]

A interesting you tube someone posted on YAHOO re LEHMAN.

[HROLLER]

Amazing technology! Thanks for the link!

[lehman]

are you sleeping well? it is not a pun question or a joke but a serious question. this is too much stress wondering what will happen next with very little transparency. is it worth it? you all probabley already own a lot so no choice but i have a choice as i have not dabbled into it yet

[HROLLER]

I'll have to look into what you PM me. My worry is that there are over 700 plants throughout the world. I do think HAARP could be used in regards to a solar storm. Some of the other stuff HAARP is used for is very dangerous. I spent many hours recently looking into this technology. Many countries have this http://www.rense.com/general92/haarp.htm . Take a look at what happens when the frequency is turned up too high. I looked up the location of Russia's HAARP location and it's about 250 miles from where this happened;

[DJN]

Someone is tapping that ask... Let's move it up now.

[stripus]

DJ Judge OKs Lehman Derivatives Deal With BofA, Fuld Settlement)

By Joseph Checkler

Of DOW JONES DAILY BANKRUPTCY REVIEW


NEW YORK (Dow Jones)--A judge on Wednesday signed off on Lehman Brothers Holdings Inc.'s (LEHMQ) settlement with Bank of America Corp. (BAC) and Merrill Lynch to reduce by more than $4 billion their derivatives claims against the liquidating investment bank.

Judge James Peck of U.S. Bankruptcy Court in Manhattan approved the compromise, which also calls for Bank of America to drop an appeal of a $500 million judgment against it and return $356 million for a claim in that proceeding. Lehman has been settling with its biggest counterparties on derivatives deals as it marches toward an early December confirmation hearing on its most recent creditor-payback plan.

Merrill Lynch is a subsidiary of Bank of America.

Also at Wednesday's hearing, Peck said former Lehman Chief Executive Dick Fuld and other former executives could tap $1.05 million from an insurance policy to settle a securities-fraud lawsuit filed against them by six municipalities that pumped $35 million into the investment bank in the two years leading up to its failure.

The judge also approved a bid by Fuld and other executives to tap $90 million from insurance policies, which can be used to settle a class-action lawsuit brought about by mortgage-backed securities holders. Former executives at Structured Asset Securities Corp., known as Sasco, had objected to the drawdown of insurance funds to pay for the settlement.

Much of Wednesday's hearing centered on Deutsche Bank AG's (DB) argument that $2.4 billion of claims it bought should be treated better than they are under Lehman's plan.

Moses & Singer LLP's Alan Kolod, a lawyer for Deutsche Bank, was asked by Peck why the German bank is raising the issue on the claims now instead of at the confirmation hearing on Lehman's bankruptcy plan.

"I don't need to decide this question today, and I'm not going to," Peck said later, denying Deutsche Bank's motion but leaving the matter open for an objection later in the case.

Peck's sentiment about waiting until later was mentioned earlier by Weil Gotshal & Manges partner Harvey Miller, Lehman's lead lawyer.

Kolod had said Deutsche Bank wanted the matter settled by Nov. 4, which is the date by which creditors have to vote on the proposal.

In trades dating back to June 2010, Deutsche Bank bought intercompany claims from Lehman's German affiliate, Lehman Brothers Bankhaus AG. The claims were part of a $6.6 billion settlement, signed in late 2009, between the German unit's insolvency administrator and Lehman over the disputed ownership of a portfolio of loans.

Deutsche Bank sold stakes in the unsecured claims -- $1.381 billion against Lehman's holding company and a second $1.016 billion claim against Lehman's commercial paper unit -- to a handful of hedge funds specializing in distressed debt.

Deutsche Bank said the claims at issue should be properly characterized as general unsecured claims, which would boost the recoveries to about 56 cents on the dollar for the $1.016 billion claim against Lehman's commercial paper unit and nearly 20 cents on the dollar for the $1.381 billion claim against the holding company.

"It's as visible as a beacon on a dark night," said Kolod, the Deutsche Bank lawyer.

The derivatives deal with Bank of America is the latest for Lehman, which in July announced a settlement with many banks of over $9.6 billion in derivatives claims. Lehman said at the time that it would continue seeking settlements with banks over the derivatives, and it has.

Lehman's newest creditor-payback proposal, filed in late June, could pay creditors up to $65 billion and gives those owed money from Lehman's various subsidiaries larger recoveries than they would have received under its original plan, but defines how much they can claim. The plan has much wider support than a prior one, including from two groups that had filed competing proposals. Peck sent the plan to creditors for a vote last month, and has set a Dec. 6 hearing to consider whether to confirm it.

Since the investment bank's collapse in September 2008, a team of hundreds of bankruptcy professionals under the direction of Alvarez & Marsal Inc. has managed Lehman's assets -- which include real-estate holdings, corporate debt and derivatives -- for the benefit of creditors.

Lehman's most recent estimates say it would likely have $322 billion in allowed claims against the estate, with $272 billion from the parent company and about $50 billion from its various subsidiaries.

[Olde English 800]

It would make a lot more sense to some form of TARP in the localized banks and credit unions who actually have a footprint in local communities, then charge them with the task of lending in good practice to build the local economies. Stop the closure of our regional banks, and fix what’s wrong with them, so entrepreneurs and small business can grow and pay it forward. So many Americans have lost life saving in big banks that gone bankrupt in a corrupt system, which allows the company to reorganize and leave its shareholders broke and penny-less while they bank payoff creditors and re-emerge with no debt, and shareholders are screwed. I think the U.S. should have a system where the big banks serve as mortgage holder, in a sense, for localized community banks. Furthermore, since the government practically owns Fannie and Freddie, I feel the housing crisis could be greatly diminished by having both these government entities rewrite mortgage to more affordable rates, and lower interest to people who can pay the debt in an attenuated time frame.

[Greta Grabo]

I got several letters and no voting rights. Just waiting to get paid out.

[peonunion]

Anyone get those letters in the mail on the past week? Do we get a vote?

[FadeMeToWin]

Hello. Just checking in.

[DJN]

Lehman Taking Back 100 Million Euros from HSBC Bank

Lehman Brothers Holdings Inc. is taking back another 100 million euros ($131.7 million) that HSBC Bank Plc has been holding as collateral. The new funds coming to Lehman are in addition to 70 million euros received in August 2009.

Before bankruptcy, Lehman maintained several accounts at the bank to provide security for overdrafts or debit balances that Lehman affiliates might have in their customer accounts. In August 2009, HSBC gave back a 70 million-euro excess.

In an agreement approved yesterday by the bankruptcy judge, the bank is giving back another 100 million euros from the 162 million euros remaining in the account. Lehman admits HSBC has a right of setoff in the account.

The agreement by itself doesn’t decide which of the Lehman companies, including the former broker, is entitled to the funds.

Lehman creditors are voting on the Chapter 11 plan in advance of a Dec. 6 confirmation hearing. The Lehman holding company filed under Chapter 11 in New York on Sept. 15, 2008, and sold office buildings and the North American investment- banking business to Barclays Plc one week later. The remnants of the Lehman brokerage operations went into liquidation on Sept. 19, 2008, in the same court, with a trustee appointed under the Securities Investor Protection Act.

The Lehman holding company Chapter 11 case is In re Lehman Brothers Holdings Inc., 08-13555, while the liquidation proceeding under the Securities Investor Protection Act for the brokerage operation is Securities Investor Protection Corp. v. Lehman Brothers Inc., 08-01420, both in U.S. Bankruptcy Court, Southern District of New York (Manhattan).

[Hotlead]

That just shows you how inaccurate and misleading these quotes are. I have bids in all over the place, the highest being $0.711.

[DJN]

Look at the spread here...LMAO. .028 x .95

[JERSEYHAWG]

still got em ,, ALLLLLLLLLLLLLLLLLL ,,,,,,, $

[DJN]

Haven't sold a share in 2 years...HOLD FOR THE GOLD!!!

[FadeMeToWin]

I still got mine......