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Wait
That's LEHMQ
what price did you get the LHHMQ at?
I may have to break it down into small orders again, did it last time and was filled in a day or so. I think share are getting tight here.
what do you mean by lag?
i bought today with no problem whatsoever
Thanks for bringing up some of my history here from 2009.
LHHMQ use to be the easiest to buy. Now that it is on the grey sheets it is much tougher than then. As I recall the 4 CT's did run just below a buck then retraced back down. They have never been easy to buy in large blocks except at the ask.
There can't be a whole lot left for sale after a few years now, as many like me are long until the end.
Buying shares of any of the 4 trusts is like a lottery. The only way to buy in a large block is at the ask. Otherwise they bid whack at the bid for a few hundred shares as you illustrate.
You need to call your broker when you see this kind of BS going on and have them find out the real ask. Then bid for the number of shares you want at the ask and stay on the line with your broker until you get your shares.
Even then you may not get anything so then ask your broker to submit a "trade request" to the MM and this usually works.
In order to see your bid represented you will need to have placed a 5000 share order.
I had this happen to me when I wanted to buy LEHKQ and the bid was .45 x .55 and no shares had traded all day. So I had my broker submit a "trade request" and still nothing happened. Then my broker received a message from the MM that the system was broken and the real ask was $1.50 even though .55 was showing. This was too high for me so I bought more LEHNQ's which immediately executed at .59 cents.
The K's finally opened up when someone bought 50 shares for $1 at around 2:30 pm and traded at the old ask price of .55.
Pure manipulation on all of these C/T's and having a buy order execute is like winning the lottery.
SHARES OF LEHKQ,LEHLQ,LHHMQ,LEHNQ ARE EXTREMELY HARD TO GET NOW AT ANY PRICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So if you have trouble buying one of them try a different one until you get filled. You are apt to have better success with the ones that have traded the most volume for the day but on the ASK side.
<a href='http://as1.investorshub.com/oasis/oasisi-i.php?s=643&w=600&h=19&t=_blank' target='_blank'> <img src='http://as1.investorshub.com/oasis/oasisi-i.php?s=643&w=600&h=19&t=_blank' width="600" alt="" height="19" border="0" /></a>
no I am sitting at 021, they have been filling at 02 and sometimes 0001. I see they filled an order today at 02. I will wait, I got filled at 02 before
Did you have an offer in today, for over 4¢?
I CANT GET IT EITHER
I have been trying to buy lhhmq and lehlq for days and not getting filled, but not the first time I have been ignored by the mm's with my order
Life on the greys is tough, but I did get 13.6k today, and a very few yesterday. Like fishing, not much to do but watch the cork.
am i correct in seeing a little over 15,000 traded today between .o2 / .04? for some reason the LHHMQ seem to allways lag behind. FWIW / IMHO
my broker says the bid is .02 and the ask is .10 right now on this stock fwiw
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
thank you then. a good thing it would appear for our side
No, this is the story plain and simple. I posted it to clear up your misunderstanding.
this i believe was corrected later
this i believe was corrected later
Lehman gets OK to match Zell's Archstone offer for 73.5% stake
Reuters - UK Focus – 4 hours ago
* Court allows Lehman to match $1.325 bln offer for stake
* Deal would give Lehman 73.5 pct total stake in company
* Lehman ultimately looking to own, liquidate Archstone
NEW YORK (Frankfurt: A0DKRK - news) , Jan 11 (Reuters) - A bankruptcy judge on Wednesday gave Lehman Brothers Holdings Inc the go-ahead to match a $1.325 billion offer from Sam Zell's Equity Residential (NYSE: EQR - news) for a stake in apartment company Archstone.
The move would give Lehman a total ownership stake of 73.5 percent in Archstone, and is a key step in its plan to ultimately acquire and sell the entire company for the benefit of its creditors in bankruptcy.
Lehman, which currently owns 47 percent of Archstone, had sued Bank of America Corp (NYSE: IKJ - news) and Barclays Plc, which own the other 53 percent, for attempting to sell half their share -- 26.5 percent of the company -- to Equity Residential. Equity Residential, chaired by billionaire Zell, is one of Lehman's key real estate competitors.
Lehman had a right to match Zell's offer with court approval, and Lehman received that approval at Wednesday's hearing in U.S. Bankruptcy Court in Manhattan (Xetra: A0X9G1 - news) .
Zell can now bid on the second half of the banks' stake in Archstone, an offer that Lehman can also match if it is willing to overcome what will likely be a higher bid price and hefty breakup fee.
Lehman had argued it should have the first bite at the second half of the stake, saying it would be irreparably harmed if forced to choose between a bidding war with Zell or a partnership with Equity Residential.
The banks characterized the case as a money dispute, saying Lehman was using the court to try to avoid a bidding war.
Archstone is one of Lehman's most valuable assets and a key piece of its plan to liquidate its holdings and pay back its creditors.
Lehman's $65 billion creditor payback plan was approved last month by Bankruptcy Judge James Peck. Lehman hopes to exit bankruptcy and begin paying back creditors in the next few months.
Lehman bought Archstone in 2007 in a $22 billion buyout. The banks, which provided bridge financing, became part owners after the buyout was restructured.
Zell's interest in Archstone came amid rising property values in the U.S. apartment sector, as a growing number of Americans unable or unwilling to buy homes end up renting.
Archstone owns nearly 60,000 apartments in the United States and 14,000 in Germany.
The case is Archstone LB Syndication Partner LLC et al v. Banc of America Strategic Ventures Inc et al, U.S. Bankruptcy Court, Southern District of New York, No. 11-2928. Lehman's bankruptcy case is In re Lehman Brothers Holdings Inc, in the same court, No. 08-13555. (Reporting Nick Brown, editing by Dave Zimmerman; nicholas.p.brown@thomsonreuters.com; 1 646 223 8579; Reuters Messaging: nicholas.p.brown.reuters.com@reuters.net)
seems like a big error
Got a copy Judge Denies Lehman Bid To Halt
CORRECT: Judge Denies Lehman Bid To Halt Banks' Archstone Sale To Zell
Date : 01/06/2012 @ 4:51PM
Source : Dow Jones News
Stock : Bank of America Corp. (BAC)
Quote : 6.18 -0.13 (-2.06%) @ 4:33PM
CORRECT: Judge Denies Lehman Bid To Halt Banks' Archstone Sale To Zell
Print
Alert
Bank of America (NYSE:BAC)
Intraday Stock Chart
Today : Friday 6 January 2012
A judge on Friday said Bank of America Corp. (BAC) and Barclays PLC (BCS) could move forward with a $1.33 billion sale of half their stake in the Archstone apartment company to Sam Zell's Equity Residential (EQR), calling Archstone co-owner Lehman Brothers Holdings Inc.'s (LEHMQ) bid to halt the deal an attempt to get the stake for itself at a lower price.
Judge James Peck of the U.S. Bankruptcy Court in Manhattan said Lehman couldn't prove it would face irreparable harm if the sale went through. Lehman was seeking a preliminary injunction that would have halted the banks' sale of half of their 53% Archstone stake to Zell, a stake that Lehman most likely will end up purchasing anyway.
Rather than a sale to Zell, Peck called the banks' deal "a disguised sale of 100% of the banks' interest to Lehman," which has a right of first refusal to buy half the banks' stake and a similar right to buy the other half later. "I see that and I think everybody in the courtroom does too," he said.
A key issue in the dispute was an option for Equity Residential to bid on the remaining half of the banks' Archstone stake if Lehman exercises its right of first refusal to buy the first half. Essentially, Lehman wants to step in and pay the banks the $1.33 billion to acquire the 26.5% stake that Zell is trying to buy. Lehman then wants to purchase from the banks the other 26.5% of Archstone for that same price and stave off a bidding war with Equity Residential.
Lehman, which is still under bankruptcy protection, needs court approval to match Zell's bid. Peck, in ruling that the Zell sale process could go forward, said "it is not a negative for Lehman to be put in a position of acquiring all of the equity. Rather, this truly is about the price," echoing earlier comments from a lawyer for Barclays.
Lehman's own real estate co-head Thursday gave a "conservative" estimate of about $1.445 billion to purchase the second half of the banks' stake.
Edwards Wildman Palmer LLP's Craig M. White, a lawyer for Equity Residential, said during his closing argument that Zell's participation in the sale process would allow the banks to demand a higher price for the second half of their stake.
But Wollmuth Maher & Deutsch LLP's Paul R. DeFilippo, a Lehman lawyer, said Friday that Zell's goal was to buy half of the banks' stake and then use its new voting rights to eventually own all of it "at Lehman's expense," something White later denied.
A Barclays lawyer, Orrick, Herrington & Sutcliffe LLP's Joseph J. Frank, shot down a key Lehman argument, saying Equity Residential would never be able to acquire more than half of the banks' stake, or 26.5% of Archstone.
"The only entity that can do that is Lehman," said Cleary Gottlieb Steen & Hamilton LLP's Lawrence B. Friedman, an attorney for Bank of America.
Under the terms of the deal, Equity Residential could buy only 26.5% of Archstone, but it could never end up with the banks' entire 53% interest. Lehman, however, could buy the banks' entire stake, in effect "doubling down" on its Archstone investment. The banks' lawyers have said all along that Lehman is only upset that the parameters of the deal could force it to pay more than Zell would for the second half of the banks' stake.
Lehman led a $22 billion leveraged buyout with real-estate investor Tishman Speyer for Archstone in 2007 near the height of the real-estate bubble, with Bank of America and Barclays providing financing. The two banks gained their ownership stakes after the collapse of the commercial-real-estate market led to a restructuring of the deal.
Lehman wants to sell shares in Archstone, which owns stakes in more than 70,000 apartments, to the public. Proceeds of an initial public offering would flow to the failed investment bank's creditors.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
-By Joseph Checkler; Dow Jones Newswires; 212-416-2152; joseph.checkler@dowjones.com
--Patrick Fitzgerald contributed to this
The original story had an error, a corrected version is up:
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=20120106-00778&title=correctjudge-denies-lehman-bid-to-halt-banksarchstone-sale-to-zell
they deleted the story -what up?
Got a few filled today at just over 02. glad to have the add.
mm's trading shares. se the 595 at 0001, I am sitting at .03
it took a while to get the last 500 so I can wait for more, at least until it stops trading and I hope to have quite a bit more before that happens.
you never know when they will fill ya -its crazy on the greys and not even sure why this one is in the grey market -I do not think any of the others are -strange - just waiting it out win lose or draw
I am still trying to buy, they let none of these go yesterday
boy did they straight down - I knew they would not exit BK in 2009 like they said too much red tape and the lawyers are not gonn let go of the cash cow till they absolutely have to
Thats what I want to know this must tie in to wamuq in some way I just don't know just thanks god your not a dimeq bag holder wow did they get hit hard today
where is Santa ?
this one is crazy the way it trades or lack there of
its a crap shoot on getting filled -I have had to just let is sit and then one day i would look and my buy would come through -no rhyme or reason to it -good luck
sitting here with a buy in for 500 shares at .02 and they let 750 go at 01. grrrrrr
I am not done buying yet, I think. I sure would love to see 25 to 50% payout.
I had an order in for 5000 shares, not filled
I changed my order to 1500 shares at .02 still others were filled buy not me.
Just changed to 500 shares at .02 see what happens
this thing is bouncing all over the place - I am ready for decisions on the shares - .10 on the dollar will work -lol
I am trying to add more here
I got some @ .03 yesterday
well, SOMEONE had a merry christmas!!!
hhhahh hhhaa ya baby ya
If I just could get some in the one penny range that would make my year these are pur gold
lol now we know who's been getting them -nice job
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