Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Davey what price are your orders at?
Cheers
cant sell and cant buy either....what price are you trying to sell at????
Can anyone sell? I am trying again today. 3rd time the charm?
Traditionals all over 8 cents and all trusts over 30 cents now. Were headed in the right direction. Nice increase from 2 cents each, huh?
That's what I pretty much figured. I was thinking of calling them and asking what they now about those particular ADR's. I have yet to find someone who can shed more light on them. I did read that ADR's and trusts were conceived to hedge against the very crisis/ financial mess that we're in. I even had some conversations with high level accountants handling the BK, asking general, public knowledge, and they couldn't even shed some light. Mayb holding back, but from the gist I got, they were surprisingly clueless about ADR's in general. We'll just have to c. I am happy tho and cautiously optimistic.
Yes, very good sign. Any BIG BOY thats holding mega shares believes they are worth something. Otherwise they would be dumping them.
I hope ur right about the float. Hope its that way on the D's as well. I tried gettin 100,000 back when they were .005 and .001. Managed to nab 4500 C's and 11,000 D's for a total of $95 for both. Waiting til the end. Did u c the institutional ownership on these? John Hancock and Loomis Sayles have about a million of each of these. Dunno when they got em, but they still do. Good sign?
put a sell bid out there for 1000 this am. but the 10000 went and mine is still out there. At least there is continued interest in this one this week.
Typically, only orders above 5000 shares show up on the bid/ask on most platforms. Reuters lists all orders but only large ones affect ticker pages.
Which one? the C? It always has been weird. It wont move for weeks then all of a sudden theres a rash of movement, then nothing again. My belief is the float for these is completely gone and any buy/sells are random matchings outside of an MM.
same same....but what im selling is below 15.....so why are they saying the ask is 15???....something is up with this stock and i havnt figured it out yet!!!!
I was able to purchase shares yesterday, but can't get any today @ .10. I called and they told me the ask was .15 at the time. Someone also posted that it's not on L2 either.
I know but the fact that Im using two different brokerage accts makes me think that this class has some issues.....thanks though
You should call your broker.
I can't buy at 10 I can't sell at 10....two different accts....somethings not right with this share class
Trusts up to 25-33. Traditionals up to 5-10. Were moving in the right direction.
Too bad I canceled my order and moved to get some J's and F's.
Me too. I have only 5000 sitting on .08 and not getting filled.
These are so hard to get!!!! I have buy order at .08 and can't get it filled!!!! Frustrating
me either...it usually doesn't show for the CQ's for some reason....i still have bids in though....
I can not get level II for "C" for some reason... is it grey?
What's the difference between D and C? I thought they are pretty much the same and I couldn't understand why D is at 0.17 and C is at 0.05...
No, the trusts are not commons.
.1 today! hope .05 is the new level before the boom!
This culd make us wait longer. Damn Brits...resolve this
http://us.mobile.reuters.com/mobile/m/AnyArticle/p.rdt?URL=http://www.reuters.com/article/ousiv/idUSTRE54P11Y20090526
Just some more Lehman news, this diddy from down under. Just like to keep our interests peaked even tho this means nothin to us here. Just like the parts in this article on cents on the dollar for what creditors/shareholders may receive.....
http://business.theage.com.au/business/councils-the-losers-if-creditors-liquidate-lehman-brothers-20090524-bjgx.html
Ok, great, thanks very much......
Wish I had asked and acted upon this two weeks ago... but there's so many Lehman things going around, it was crazy.....depositiories, capital trust, preferred, traditional, common, I guess it blew my circuits. I guess reading "Suspension of Distribution" seemed scary too..... oh well.....
So, the betting is on the re-structuring of the Lehman group, which will almost certainly happen, common folk buying 25/50/250, etc. dollar stock for bargain prices now, like you said, not even supposed to be on the market,, and then when re-structuring is complete, the stock returns to it's close to original value,
and then, banking on the payout of quarterly dividends being paid too, as the stock returns to its value, after how many months/years....
Thanks so much for the reply, I feel a lot of people in pinks get caught up in the excitement of certain things, skip on some facts and then rush in and are gambling on half-truths and gossips and just wanted to get my facts clearer than before.....
is there anything else I'm missing on this deal-ly?
Thanks again.
the trusts arent commons though?
The only thing that can snag on the trusts and to a certain degree the traditionals is CHAP 7, liquidation. They will survive intact through a chap 11. The commons can be toasted at any time in either case.
what do u mean? like will the trusts and preferreds still be there?
These as well as the PQs were institutional issues, used as CDs for deposits. They both were never meant to hit the market to the public. But panicked holders dumped them onto the markets. I feel sorry for the guy who set his stop loss on these guys. You can buy non-distressed company preferreds but they are close to their face price. Only here can we cash in on some computors sell glitch. The BK triggered an opertunity for the little guy to finally score. My concern is that what happens when LEH AND WAMU are finished, out of BK, things back to normal? Whats beyond the THUNDERDOME?
Thewre are 2 different types of preferreds, the traditional and the trust. The traditional is a special stock sale offered by the company. Usually for a special project or needing to raise capital. They offer a set rate and a face value. BUT once the pref. is bought that first time the money is gone. It only exists on paper. Good paper, mind you, but paper and a promise. Now the other kind is the TRUST. In a trust, when all the money is collected from the sale, it is usually put into an account somewheres. Sometime not even there own bank. Then the company BORROWS against that trust. The money is being used to secure funds, but the actual money is sitting safe in some account. Commons may go bust, even traditional preferreds take a big hit, ALL the trusts money is still there. (Over-simplified but it gets the concept across)
Youll notice the trusts command a premium due to the rank and more secure. The trust ranks above traditionals.
I apologise for my ignorance, it's pretty much the reason for not buying in two weeks ago, because of reading different posts with cross-talk and different interpretations....
Why are trusts better than non-trusts?
I have read (because I am not an economist or banker) and still cannot tell the difference, other than in liquidating companies, preferred do better off than commons but still no true, definitive reason for commiting purely to trusts. (lehk, l, n aswell as lhhm)
What about the the depository Certificates?
Appreciate any guidance with this.
Thanks.
Sorry for the noob-ian post...
LBHGP has always been a grey stock. It was never intended to trade on any exchange from its inception.
TRUSTS:
LEHKQ, LEHLQ, LEHNQ, and LHHMQ.
NON-TRUSTS:
LEHCQ, LEHDQ, LEHFQ, LEHGQ, LEHJQ, LEHPQ, and LBHGP.
Which ones are the non trusts?
John Gyver
"they" don't want anyone knowing what goes on in these markets lol
I currently own over a MILLION DOLLARS (face) in the LEHs. Half in the trusts and half in the non-trusts. My NONs are holding there own, and my trusts are already a FOUR-BAGGER. Isnt it funny how these are out-performing even the blue-chips?
->honestly i'm doing the Lehman hot potato jiggy dance!
They are trying to get these kicked down to the GREYS. They have already suceded in getting 1 issue down there. They dont want to lose money from a dramatic rise like they did over at WAMPQ and figure if they ALL go to the GREYS, they dont have to deal with them. Still they cant keep them down for long, they keep sneaking back in there. One sale would bring LBHGP up from the GREYS and force the MMs to deal in them. The MMs know that EVENTUALY the LEHs are going to recover, but only a few people recognise this at this time. I am one of THE FEW. THE PROUD, A LEHMAN OWNER!!!
mm lack of honesty imo~this is where the bad bad corporations get kicked to?lmao!HA!!!
Try to buy some LBHGP, same thing.
no i'm saying i don't have any of these can anyone buy them?lol...i tried you can't?
Not me, I'm transitioning to all trusts.
why are the mm keeping this one in the dark lol?
~too funny this one doesn't either they sey it's GREY b/a .O1x.O22 but not really >can't buy thru aturd lol...i've spent too much time trying to place an order at the ask i dare you lol
LEHs, especially the trusts are climbing slowly but steadily. They are in the 15-20 cent range and stable. Not bad for a 4 cent last month stock. As time goes by, itll only get better.
Followers
|
19
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
662
|
Created
|
10/30/08
|
Type
|
Free
|
Moderators |
SECURITY DESCRIPTION: Lehman Brothers Holdings Inc., Depositary Shares, each representing a 1/10 interest in a share of the 5.94% Cumulative Preferred Stock, Series C, stated value $50 per depositary share, redeemable at the issuer's option on or after 5/31/2008 at $50 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 5.94% per annum paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the day fixed by the board, no more than 60 days or less than 15 days prior to the payment date. 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 | 5.94% $2.97 | $50.00 $50.00 | 5/31/2008 None | A3 / BBB+ 6/18/08 | Suspended! 2/28, 5/31, 8/31 & 11/30 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.
Company's Email Address Links |
Inv Rel Email Address | sbutler@lehman.com |
General Email Address | inquiry@lehman.com |
Address: 745 Seventh Avenue, 15th Floor, New York, NY 10019 | |
Main Phone Number | 212-526-7000 |
Fax Number | 212-526-3738 |
Investor Relations Shaun K. Butler | 212-526-3267 |
Toll Free Phone Number | 800-666-2388 |
CEO - Richard S. Fuld, Jr. | CFO - Erin M. Callan |
NOTE: LBHGP last traded APRIL 9 2008 and has not traded since (As per Scottrade back room)
(waman1)
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |