Lehman Bros 8.75% Pref''d Series Q (fka LBHGP)

[JERSEYHAWG]

OBS. I have the P shares to. Both help in Merril.

Wonder what will ever become of them. Unknown

[sidedraft]

My LBHGP shares made it to Schwab, as a cusip, 525ESC810.

[JERSEYHAWG]

D.

I dont have that.

I saw you posted it.

[sidedraft]

If I click on the number at TDA, this shows up:

[sidedraft]

Nothing much. Except that in this post,

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=113091806

I said that the shares were called LEC6, but now after Scottrade was bought out by TDA, the shares now are reference by a CUSIP looking identifier.

[JERSEYHAWG]

Draft, whats that mean? I have some of those. I think in Merril.

Not many, have to look. Couple hundred maybe.

Thanks

Edit: just looked. Yes, 300 shares, with the same number you posted. But says nothing else about them at all. I mean zip. Same with all the other OBS ahares.

Just a fwiw

[sidedraft]

These beauties are now listed at TDA as 525ESC810.

[sidedraft]

FWIW, my LBHGP shares with Scottrade, turned into (LEC6) shares on 3/9/2012.

[JERSEYHAWG]

Maturity date, 7 / 1 / 2011 . Wha happen? Nada

Just checking around

[VivaLasVegas]

did you file?

[PARLAY_IS_ON]

LEHJQ, LEHPQ, LBHGP INTERESTING LINK I copied from a Y post. Follow the link and then click on List Of Eligible Securities. ................
www.LehmanSecuritiesLitigationSettlement.com

[DJN]

Board, I have a few thousand of these so I just tried to put a test sell order in to see what's going on and I get the following....

Sorry, the symbol you entered is invalid. Please try again.

What happen to this class. Is it already cancelled?

[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

[PARLAY_IS_ON]

Please, let it run, GO!

[PARLAY_IS_ON]

Ouch, that hurt my portfolio from .01 to under 2k value. So, now get these back up to 1000. This my Yacht money your messing with. I OWN THESE, LOL.

[stripus]

Someone got $680,000 face value for $6.80. Now that was a hell of a buy!!!!!!!!!!!!11

[buccaneer1961]

its a gamble,i taking a chance that the P stocks will get a settltment of somesort and we can make good $ here...its cheaper than the other ps stock

[stripus]

This one is on the grey sheets, you have to call your broker to get the B/A, and they will be able to place a bid for you.
But when you go to sell it is not very liquid.

[buccaneer1961]

too bad this trading is a no bid...id love to have some

[sidedraft]

This board is not very active because LBHGP is on the grey sheets, and therefore hard to buy. Same with LEHGQ and LEHFQ.

[brokedaddy]

hmmmm thinking of buying in, with all the litagation going on Im suprised these boards arent more active. Anyone have any insight?

[buccaneer1961]

ok,smart idea

[DJN]

Don't get me wrong if you can get a hold of these at 28 cents that's a steal. However, if you have to guess to fill I would leave it alone.

[buccaneer1961]

ok,so the other is best for the time being

[DJN]

I have some, but I will not buy more due to the fact that it is a grey sheet and the liquidity is an issue. I don't like guessing the bid and the ask price.

[buccaneer1961]

so if this p stock has a $1000.00 face value and settlement will be the same,and this is cheaper to buy,why arent people buying this one?

[unevilfavouredness]

wow

[toogoodfella]

The chance that we should see something in around July is if they release the December A/L.

[Founder77]

yeah that's true. Was reading their plan won't be ready until the end of this year. So was wondering if that will have an effect on the july outlook. Oh well...I will load up on anything and see how it plays out.

[sidedraft]

Can't say for sure, but whatever happens in BK trumps the prospectus.

[Founder77]

So if this suppose to still happen this year around July? Thanks?

[DJN]

I agree that it looks better than sub-penny, however, whoever sold 300 shares at .08 is a complete fool. I tried tapping these at .50 cents and couldn't get any.

[Pegaso]

Price action...my account looks much better now...

[JERSEYHAWG]

what?

[JERSEYHAWG]

what?

[Pegaso]

Nice...

[exlud]

I'm actually holding a little bit of both. I hear you on the not trading thing. Its the end game that will make or break these.

[sidedraft]

Well if LEHPQ is to your liking, then LBHGP has to be just as desirable, if you want to own/hold and not trade.

[exlud]

Right, but I'm fairly certain that was the case before the Q. The greys have a bad reputation, but I think this is one that was (or is depending on how you look at it) a good investment, but one that was thinly traded and not listed.

[sidedraft]

The only thing I can see on my Level II is Sales, no Bid/Ask.

[exlud]

True. And like you said, you're pretty much taking a blind stab at things with the greys. You never know when someone will get impatient with the zero volume days.
This was never listed so never did have a bid/ask, correct?

[sidedraft]

You never know when a stink bid will produce a little something.

[exlud]

Hey man, if you can snag half the shares out there for $100, good on ya!

[buccaneer1961]

ok,il try to get my hands on some of these then,looks like it wont be easy but well worth it! thankyou!

[sidedraft]

Like shooting black birds on a pitch black night, you just got to keep firing until you hear them fall.

Same payout on both.

[buccaneer1961]

ok,so IF i can get any,when settled i shound make the same % as the other p stock? but i need to entice by raising my buy price for this one?

[sidedraft]

Because LEHPQ is easier to buy, more liquid than LBHGP.
It's tough to buy anything on the greys, no BID or ASK visible.

You could put in an order for some LBHGPs at 10¢, and see if someone sells to you. Keep bumping your price up until you get a fill.

I have an order in for one million LBHGP at .0001, but sadly, no fill yet. LOL

[buccaneer1961]

then why would anybody buy the 7.25 p stocks? i have 600 of them bought last month,i only heard of this stock 10 min ago

[sidedraft]

Yes.

[buccaneer1961]

should they be worth the same at settlement time?