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rufus got 23 yrs- recieved news from court the other day- don;t think money will be recoverd.jmo.rick
So what does that mean? My series G in both Scottrade and USAA are all discombobulated with wierd symbols and no values....looks like the weather ballon at Roswell.
FINALLY GOT OFFICAL PAPERS FROM THE COURT =WEIL,GOTSHAL& MANGES LLP OF NEW YORK.NOW TO GET SOME LAWYER TO EXPLAIN THEM , LOL
JUDGE PECK SIGNED THE "CONFIRMATION ORDER" CHAPTER 11 CASE # 08-13555[JMP]
What are our various shares of LEH doing>? Are they being converted to NEW COMPANY shares? At what rate? At what value?
Apples and oranges... LEHPQ has a face value of 1000.00 and LEHGQ has a face value of 25.00, however you are correct they are both preferreds.
GLTU
Why is the ask on LEHPQ up to .60, but no movement on LEHGQ? Aren't they both the same class of preferreds?
Bloomberg
JPMorgan to Pay Lehman Brothers $699 Million Under Agreement
February 14, 2012, 12:30 PM ES
More From Businessweek
* Lehman Debt Trades Drops to $1.9 Billion in January, Report Says
By Linda Sandler
Feb. 14 (Bloomberg) -- JPMorgan Chase & Co. will pay Lehman Brothers Holdings Inc. $699 million under a settlement announced this month, according to details filed in U.S. Bankruptcy Court in Manhattan.
The payment is a return of defunct Lehman’s collateral deposited with the bank, which JPMorgan’s investment funds had claimed in compensation for losses on Lehman investments. A judge is scheduled to hold a hearing on the settlement tomorrow, according to the filing.
To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net
Hold and wait, there is nothing to do yet as there is not an effective date.
CT's will probably continue to trade, but equity will be lumped together into a single share of the surviving company according to the POR.
YIS,
Mic
What do we have to do with the Lehman shares for the conversion? I sent in my forms for the WAMU case which had a deadline of this friday, but I am lost as to what we are supposed to do for the various classes of Lehman stock...wamu has four classes of stock, Lehman has like 15, I own all of them....what do we do? I want shares of the new company, that's why I joined the vultures, so there would be an Eagle Scout in their midst....remember Eagles can pick bones too!
LEHGQ*ya man hopefully we get something for our shares..?
Great insight... I totally agreed with what you think you said but what I believe I said may be correct too!! LOL.. Looking like a good time to add some more LEHGQ shares.... You can always use them on your Uncles Farm... Do You know what I mean? LOL
My uncle has a country place that no one knows about
He says it used to be a farm before the Motor Law
And on Sundays, I elude the eyes, hop the turbine freight
To far outside the wire, where my white-haired uncle waits
Jump to the ground as the turbo slows to cross the borderline
Then run like the wind as excitement shivers up and down my spine
But down in his barn, my uncle preserved for me an old machine
For fifty odd years, to keep it as new has been his dearest dream
I strip away the old debris that hides a shining car
A brilliant red Barchetta from a better vanished time
Ooh, fired up the willing engine, responding with a roar
Tires spitting gravel, I commit my weekly crime
Looks like a Ford Pinto or a Chevy Vega !! When my Lehman stock goes up I'm buying a rolls royce LOL!
1975 Cosworth Vega, with 6,000 original miles. These were amazing cars with a DOHC and 16 valve fuel injection back 37 years ago. Essentially what every motor is today.
Nice car, what kind is that?
Soon LEHGQ will be bundled together with all the other equity into one share of LAMCO and will cease to trade IMO.
I AGREE WITH ALL THAT AND SOON TO BE OVER 1 AMERICAN DOLLAR...
This is interesting, the giant may be sleeping, but soon she shall be awoken to the sight of her young being eaten by savage beasts of rage and anger, soon her light will burn justice like radiant beams of grace from wings of angel...
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
The Trend is on the way up..!! Time to make the move on this one going up!! http://www.barchart.com/detailedquote/stocks/LEHGQ
Umm, my brokerage account has LEHGQ listed at .01 (900% gain). . . .what's going on?
Given the "unanimous" support of the Ch. 11 plan, are we totally screwed?
Check this out----
http://www6.predictwallstreet.com/PredictionBoard.aspx?symbol=LEHGQ
shows Last: 0.02 |Change: -0.02 (-60.00%) |Volume: 22,500
This means another 13,500 shares were sold that are not yet showing up elsewhere AND that someone somewhere paid .04
Hopefully the beginning of a run . . .
HAHAA.. Maybe the Next time Obama strokes a pen with Executive orders he will bail this out..LOLZZZZZZZZZZZZZZ
So? they won't get any money distributed to equity so better to sell in the "twilight zone" lol
I thought the BK hearing was in Dec some time..?
HA I'm so happy I could selllllll
WTF here..? I thought this was dead..?
HAHAHA WHO BOUGHT MY SHARES AT .01!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HAHAHAHAHAHAHA WEEEEEEEE LEHMAN ON THE GREY MARKET TWILIGHT ZONE...YOU LUCKY YOU. ... probably not though!!!!!!!!!!!!
Yes I received BK sheets on all my Lehman classes... Don't worry because Obama is going to fix this deal.. All shareholders will be indemnified.., LOL Someone got some .0001 Friday what a great deal for the buyer...
You get anything from your broker in the mail about Lehman Brothers Holdings..?
TIA
I think it's time to add to this position.. Obama is going to get the bad guys.. LOL.. And everyone at Leman get there money back.. WWWWWWWWWWEEEEEEEEEEEEEEEEEeeeee!!!!!!!!!!http://americanbulls.com/StockPage.asp?CompanyTicker=LEHMQ&MarketTicker=OTC&TYP=S
I THINK THIS ONE WILL WAKE UP AT A BUCK.. REMEMBER THE FLOAT HERE IS FULLY OWNED.. AND 5 MILLION SHARES OUT WILL JUST GAP TO THE MOON.. NOT MANY SELLERS AT A DIME WHEN WE ARE GOING TO A DOLLAR SHORTS ARE JUST STARTING TO COVER ON THE COMMONS ------- April, 2011 the (LEHMQ) LEHMAN BROTHERS HOLDINGS INC SqueezeTrigger Price was $0.04. If you had purchased LEHMQ, the trade would have gained 147.96% as of today's price of $0.09. If you had traded 10,000 shares, you would currently have a gain of $543.00.
Of course, just a lotto in the long run like all these POS's
Not sure, ive been holding for a LONG time, and figure if the POS commons gonna go these will surely go too...JMO of course, float is like 5 milly for GQ's...
What do you think it means? LEHMQ flying, LEHGQ vol might come if we're lucky, do you think we're gonna get anything from this?
SICKKKK nice one, thanks hd!!
LEHMQ - 4 BILLION $ court victory:
Finance & Stock Market News
BRIEF-Judge sides with Lehman Brothers on offsets
Mon, 6th Jun 2011 20:01
June 6 (Reuters) - Lehman Brothers:
* Bankruptcy judge issues ruling siding with Lehman B
rothers on
offsets in dispute with Barclays PLC court hearng
* Bankruptcy judge says that $4 billion in margin collateral assets belongs to
Lehman -- court hearng
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Definitely not gonna see volume until the commons can at least break .10-.20 range imo, they fizzled out yesterday, see what happens rest of the week
Well I don't think we'll see much volume unfortunately... on the greys...
GM Toy. What happened to SCNG? I missed it. ty
Nice didn't even see that bro, if there is continued buying/pps increase these preferreds/cap. trusts should start getting smacked imo
Lehmans moved bigly today...wonder whats going on...any idea what the news means?
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SECURITY DESCRIPTION: Lehman Brothers Holdings Inc., Depositary Shares each representing 1/100th of a share of Floating Rate Cumulative Preferred Stock, Series G, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 2/15/2009 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with floating rate distributions of 0.75% per annum above one-month LIBOR with a minimum rate of 3% per annum, paid monthly on the 15th day of each month to holders of record on the first day of the month in which the payment is due. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below. |
Stock Exchange | Cpn Rate Ann Amt | LiqPref CallPrice | Call Date Matur Date | Moodys/S&P Dated | Distribution Dates | 15% Tax Rate |
---|---|---|---|---|---|---|
OTOTC Chart | Floating n.a. | $25.00 $25.00 | 2/15/2009 None | WR / NR 1/25/09 | Suspended! 15th day of each month Click for Ex-Div Date | Yes |
Notes: September 15, 2008 -- Lehman Brothers Holdings Inc. (LBHI) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI was included in the Chapter 11 filing and all of the U.S. registered broker-dealers will continue to operate. |
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