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20% of Face Value = $10 Per Share.
That's what I love!! Only, they wanna buy mine, they're gonna have to shell out at LEAST 20% of face!!!
Barchart.com says buy,buy,buy and buy some more LOL!!!!
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 30827
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 33299
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 34822
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.2500 0.1167 0.2167 0.3167
Yes, once people realize that LEHCQ is a $50 preferred, it will not be under .60 for long IMO.
Agree.. I was pissed that TDA was not letting my buy it online.. I should have called but then I was thinking that its a temporary glitch.. Oh well, will have to call in tomorrow and buy it AEAP ( as early....)
I called in to TDA and the ask was .20 earlier and .25 EOD. Way undervalued under .60 with LEHJQ at .29 on the close.
LEHCQ Bid: 0.01 Ask: 0.022 Last: 0.25 ($): 0.10 Vol: 248,948
This is what my TDA streamer shows.. Kinda crazy.. I ended up buying some LEHDQ on the bid.. Oh well, one of the two is just fine I suppose!!
It looks like the ask is .25 right now, DO NOT put a market order in on a security like this.
why is the bid/ask showing .01X.02?? I am afraid to put in a market order.. What do you guys think??
Yep. Picked up most mine in Jan in sub-penny levels along with D's and I'm holding until the end. Good luck to you my friend.
Love the $50 face value here with the C's!
Agreed! I got a slew of C's and D's. Based off of the commons, we should be rockin higher. I have a hopeful feeling its just a matter of time and we'll be in the dollars. I'll sell those hedge funds mine for 20percent of face, lol!
LEHCQ is by far the most undervalued of all the Lehman plays at this point. Who cares if it trades grey, it is still a Lehman $50 Preferred share no matter where it trades. LEHCQ should be near .60 right now based on the J's.
Where the hell are all these shares coming from??? Damn near 5% of the A/S-O/S have traded!! Hopefully just the beginning
Just like LBHGP, the twin sister to LEHPQ, it sits there at $3.00.
LEHCQ coming to life today, most may not know that LEHCQ has a $50 fact value!
Six months ago we were at a nickel, now were over a quarter and rising. Not bad for a "bankrupt" company. Dont you think?
Nice, good find waman1. They have a ton more of those derivative transactions coming. This just a very small percentage.
Another 1.5 billion, we'll take it :P
This is where all of the money is hidden... and they will continue to disclose.
Go Lehman Brothers!
LEHMAN is looking very attractive to big time investors. Things are looking up people. Prices are starting to show someone big is interested.
News for 'LEHMQ' - (Morgan Stanley Vends Lehman Claim)
Sep 19, 2009 (Zacks.com via COMTEX) -- Morgan Stanley (MS) sold a claim on $1.2
billion of Lehman Brothers' (LEHMQ) liquidation to about 10 different investors
this week. The claim was connected to approximately 10,000 derivative
transactions for which Lehman was the counterparty. The sales price was 38.5% of
the face value or $462 million. Lehman Brothers Holdings filed for Chapter 11
bankruptcy protection in September 2008. This was the high water mark of the
credit market turmoil. After this big fall, some counterparties suffered huge
losses, which are now looking to claim. Some investors have the capability of
recovering more on the claims than what the original sellers of the claims
expect. As a result, demand for buying and selling those claims has increased
significantly. Furthermore, with signs of recovery, the recent market stability
boosted the trading opportunities in these claims as their value increased over
the last six months. One of the first big blocks of claims was traded by
Deutsche Bank (DB) in June. Deutsche traded more than EUR500 million in the
liquidation of Lehman's European operating company, Lehman Brothers
International Europe. Last month, hedge fund Citadel Investment Group sold a
claim on $423 million of Lehman Brothers' assets to Credit Suisse Group (CS),
according to a filing at New York Bankruptcy Court. Though cyclical headwinds
and market turmoil are expected to persist for a while, we believe that the
management of Morgan Stanley is staying the course to emerge from the downturn
and building a strong competitive position. However, the current backdrop
remains challenging, given the weak housing market and increasing unemployment.
Morgan Stanley's second quarter results experienced continued improvement in
credit default spreads and it was among the first banks to repay the bailout
money. Given the continued momentum in its core institutional securities
franchise and cost containment measures, we expect Morgan Stanley to deliver
strong results in the near future.
Get real-time market insights and profitable stock recommendations from the team
of analysts at Zacks Investment Research.See all today's Analyst Blog entries.
Zacks Equity Research
Copyright (C) 2009, Zacks Investment Research.
-0-
VIVA. All the LEH PREFs are part of the LEHMAN group. The LEH GROUP is on the EXCLUSION LIST. ALL securities on the EXCLUSION LIST are represented by the BK SECURITIES TRUSTEE. The trustee has filed a GLOBAL PROOF OF CLAIM for ALL lehman securities. We need not do anything to be included in any settlement. The reason we recieved PROOFS OF CLAIM is to include any lawyers fees as part of a claim against LEHMAN. Since most of us personaly handle our stock accounts, lawyers are not involved. And no, you cant include your purchase fee (STRADEs 7 dollars) as part of any claim. I hope this awnsered your question.
LOL. Been there done that. I agree, it does take toll on you :P
Good job, and glad you are back in. I wouldn't suggest flipping next week though, but I'm sure you already know that.
Flip Sucessful!! My sale of 4k ea of Ks and Ns at 33 and 30, then the buyback at 20 and 16 culminated today in a 1020.00 profit on the entire deal. The whole process took 1 week of sleepless nights, heartburn, and fear of having screwed up. ALL is OK now as ALL 8k shares are back in my account and the money has cleared.
1K of mine were in there - happy to have some freebees in my account now with profit. What's going on here? I like it!
News for 'LEHMQ' - (DJ Financial News: What If Lehman Survived? A -2-)
U.S. Vice-President Joe Biden says plans to continue paying a pension worth millions of dollars to Fuld are “unacceptable” and says the Government may “step in” to prevent its payment. He said: “The President has said that it is not acceptable and therefore it will not be accepted. It might be enforceable in a court of law, this contract, but it is not enforceable in the court of public opinion and that is where the Government steps in.”
March 20:
Analysts put Lehman Brothers on an “equal-weight” rating and say they expect the North American business to generate revenues of $3.1 billion in 2009. They say the outlook remains “extremely uncertain” for Lehman Brothers, but say the bank has the potential to take advantage of the disruption at rivals. They write: “Helping support revenue is the exiting of certain businesses by damaged investment banks, which no longer have the capital nor the risk appetite to compete effectively.”
March 27:
Lehman Brothers maintains its top-five ranking in U.S. debt underwriting for the first quarter, according to preliminary figures from data providers. The bank slightly improves its position in US equity underwriting to sixth, and maintains position as a top-10 global mergers and acquisitions adviser.
• April
April 9:
First-quarter profits beat all analysts’ forecasts as Lehman Brothers makes nearly $1 billion. Montag hails performance as “the most remarkable turnround” and says this marks “the shape of things to come”. Fixed income business is main driver of earnings, particularly flow trading. Montag says the bank is in “active hiring mode” for this business and will seek to grow its market share.
• May
May 7:
U.S. Government releases results of stress-testing for 21 large banks. Maiden Lane Corp is excluded from tests due to “the extraordinary nature of its operations”. However, Lehman Brothers Trading passes easily, along with Goldman Sachs and JP Morgan. Analysts say this was never much in doubt given that Lehman Brothers was separated from all of its major liabilities.
May 13:
Lehman Brothers raised to “overweight” rating by several analysts, one of whom says the bank is one of a group of “flow monsters” that are winning a disproportionate share of the investment banking business on offer, including a large share of the booming corporate bond new issue market.
They write: “In FICC JP Morgan, Goldman, Lehman Brothers, Deutsche and so on are gaining share ahead of the pack, based on our discussions. This could make the franchises better businesses than they were two years ago.”
• June
June 1:
In a move described by senior credit bankers as “staggering”, Lehman Brothers hires Deutsche Bank’s former global head of credit trading, Rajeev Misra, as global head of credit markets with a mandate to continue rebuilding the bank’s credit markets business. A Lehman Brothers spokesman refuses to comment on the size of his or anyone else’s bonus package and says compensation is a “private matter.” Questions are asked in the U.S. senate about “wholly inappropriate packages” being offered to Lehman Brothers staff.
June 22:
Financial News runs a feature titled “How Lehman Brothers came back from the dead and the improbable survival of the US investment banks.” The article looks at how non-U.S. banks, including Barclays and Nomura, have missed an opportunity to build investment banking businesses to rival those of U.S. firms.
• July
July 9:
London-based Goldman Sachs partner managing director Sanaz Zaimi joins Lehman Brothers as head of FICC sales for Europe, the Middle East and Africa. Rumors circulate that Zaimi’s package is worth as much as $14 million a year, but a spokesman for Lehman Brothers says the figure is “wildly exaggerated.”
July 10:
Second quarter results show Lehman Brothers fixed income business has come close to producing record result for the first six months of the year. One analyst ironically notes that if a large investment bank had gone bust they would probably have easily beat the 2007 record on the basis of wider bid/offer spreads and less competition. He writes: “I bet Goldman Sachs and JP Morgan are wishing Lehman had actually been put into bankruptcy last year. If that had happened it is very likely they would now be making more money than they could ever dream of.”
July 11:
A group of Wall Street executives write an open letter to Geithner complaining of “uncompetitive behaviour” by “certain market participants”. The letter, which publicly becomes better known as “the Sulk from Sachs”, states that state-supported banks have been unfairly using taxpayers’ money to offer aggressive terms in foreign markets, including Europe and Asia.
July 13:
Montag writes a lengthy riposte in the Wall Street Journal’s comment section, saying Lehman Brothers must continue to act aggressively if it is to earn sufficient money to repay the Government and give taxpayers the best possible return. He writes: “The business of America is business. Lehman Brothers embodies this spirit and our staff will use every resource open and available to them to ensure that we maximise the substantial investment the US Government made in us 10 months ago.”
• August
Aug. 25:
Days after the Swiss Government makes more than $1 billion from the sale of its stake in UBS, stories emerge that U.S. authorities are considering the sale of several billion dollars worth of Lehman Brothers shares. The bank downplays the rumours, but says the Government remains committed to selling its holding “over time.”
Aug. 27:
Goldman Sachs is appointed global co-ordinator for the sale of a $2 billion stake in Lehman Brothers. Citigroup, JP Morgan and Merrill Lynch are appointed joint bookrunners. Goldman announces a launch date of Sept. 15.
• September
Sept. 13:
Crowds gather outside Lehman Brothers’ New York headquarters to protest against “bankers’ greed.” One placard makes the front page of every newspaper the next morning: “My Government gave these guys $7 billion and all I got was the sack.”
Sept. 14:
One-year anniversary of Lehman Brothers bailout. The most important participants, including Paulson, Fuld and all the major Wall Street bank heads meet for dinner in the executive suite at Lehman’s headquarters. Lloyd Blankfein, Jamie Dimon and John Mack leave early citing “other engagements.”
Sept. 15:
Lehman Brothers share sale closes four times subscribed, enabling Goldman Sachs to increase the offer price to $30. Underwriters share a fee pot of more than $100 million.
Web site: www.efinancialnews.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=%2B%2B%2FlpNdnlUlGrpPLw0DGfA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 07, 2009 05:11 ET (09:11 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.- - 05 11 AM EDT 09-07-09
Its quite possible that there isnt a MM on this issue. (check L2 for confirmation on this). With no MM, you have to wait for a matching order to fill yours. But at .77 a share AND a face of 1000, not many people are turning loose with shares. Good luck at being one of the few who get filled.
Yes, BUT its very spotty. One minute its trading gang busters, next its dead as a nail. Its all in the timing, I guess.
waman1
Is LBHGP trading ? I see a price of .77 but no bid/ask at Scottrade.
Take Care
David
Thanks, waman
Each share of C is 1/10 of a depositary share. Each dep share is worth 500.00. The C is the one faced at 50.00.
waman, I don't understand one thing, maybe you can help. If the LEHCQ is one tenth of a share, and the face value of the share is $5.00, does that mean that the LEHCQ is really worth a face value of $5.00? Thanks for your help.
LEHMQ is thier common.
The Reserve Primary Fund: A Statement Regarding Calculation of Potential Distributions on a Pro Rata Basis
Tuesday 08/25/2009 3:06 PM ET - Businesswire
Related Companies
Symbol Last %Chg
LEHMQ 0.223 45.75%
Isn't this a Money Market Fund that Broke the "buck" when Lehman Collapsed?
I don't see this as Lehman Common.
Feel free to prove me wrong. I would like to be wrong.
That means I cash in.
Cheers
ALERT!! ALERT!!! SETTLEMENT OFFERED!!!!
The Reserve Primary Fund: A Statement Regarding Calculation of Potential Distributions on a Pro Rata Basis
Tuesday 08/25/2009 3:06 PM ET - Businesswire
Related Companies
Symbol Last %Chg
LEHMQ 0.223 45.75%
As of 3:13 PM ET 8/31/09
The Reserve Primary Fund and its Independent Trustees unequivocally support the distribution of the Fund's remaining assets on a fair and equitable basis as quickly as possible and on Friday filed briefs with the U.S. District Court for the Southern District of New York stating that position. In those briefs, we explained that, based on revised calculations and updated data, each unpaid shareholder may receive $0.9875 per share, pro rata, and possibly up to $0.99 per share, based on certain assumptions. We previously estimated that investors would receive $0.985 per share.
Background. To date, the Primary Fund has distributed $46.08 billion through four interim distributions on a pro rata basis to remaining shareholders, representing $.90 per share for each of the remaining 51.18 billion shares outstanding. The Fund holds $4.55 billion of remaining assets (not counting any value for its $785 million face amount of Lehman Brothers Holdings securities). The Board has set aside $3.5 billion of those assets in a special reserve to satisfy possible legal, accounting and other expenses, including claims for indemnification that could be made against Fund assets as a result of pending shareholder claims against the Fund, its officers and Trustees.
Revised Analysis of Distributions on Pro Rata Basis. The Independent Trustees retained Cornerstone Research to analyze the amount that could be distributed to remaining investors on a pro rata basis based on certain assumptions. One assumption is that the special reserve could be substantially reduced, possibly to around $90 million, if the court were to approve a Proposed Plan of Distribution suggested by the Securities and Exchange Commission. Based on this assumption and assuming that the Fund would be unable to recover any value for its Lehman position, remaining investors would be paid $.9875 per share, pro rata. Shareholders could possibly receive up to $0.99 per share, pro rata, should the Fund receive 17% of par value for its Lehman securities, a figure that may reflect the current market value of the position. The ultimate amount distributed will vary depending on the actual price received for the Lehman securities, the amount of Fund expenses, and other factors.
There can be no guarantee at this stage that the Court will approve the SEC's proposed plan, or that the special reserve can be reduced. Nor can there be a guarantee as to the price at which Lehman securities can be sold or the timing of any such sale. Still, the Board is hopeful that through the SEC's proposed distribution plan or through other resolution of the litigation, the Fund can release more to investors more quickly. As previously stated, "the sooner the litigation is resolved, the sooner moneys held in the special reserve can be released to shareholders and, potentially, the greater the payout."
SOURCE: The Reserve Primary Fund
Rubenstein Associates
Josh Hamilton, 212-843-8304
jhamilton@rubenstein.com
IMO, its either short covering or manipulation. I've seen the D's go to .30cents a few months ago back down to .04 recently. I wish something good was up, but don't see it. Sucks, but we will have to wait. Our day will hopefully come. I just hate it.
None of the other LEH boards can explain the runup, so I pulled a little cash out figuring it'll pullback as usual. Hope I didnt screw myself in the long term.
I just sold 4k of Ks and 4k of Ns. Went thru in 30 seconds. Still got truckloads left. Picked up 2500 bucks. Not bad for having only paid a NICKEL ea for them.Will replace them on the pullback.
Me to. My lehman portfolio is up 12k today,,,yahoooooooooo!!!!
Can we sell any?
I have bought and sold this issue several times. Selling takes about a day to go thru, and buying can take a week or more. I believe the 0-0 B/A is because there isnt a MM on this issue. STRADE has told me that the ASK is .10. Some brokers dont want to deal with this issue but will post your trade if you are persistant. You have to wait until a matching order comes in from another person. DONT ask for a All or Nothing order, you will never find a match. Not many are selling this one because of its 50.00 face versus the others 25.00.
I've never understood this one. You can't buy it and if you already own some you can't sell either.
EMAIL RESPONSE FROM WEIL
Danny,
If you believe that you have a claim against Lehman Brothers Holdings, Inc. or another one of the debtors in the chapter 11 cases (collectively, the "Debtors") than you must submit a proof of claim prior to the bar date on August 22, 2009 5:00 PM (Prevailing Eastern Time). You must file a proof of claim by the bar date in accordance with the bar date procedures to preserve your claim and participate in any recoveries.
Please review the notice available on the debtors website at www.Lehman-Docket.com for further information and the procedures for filing proofs of claim. The notice also lists certain types of claimants that do not need to file proofs of claim.
Please note that we cannot advise as to how you should proceed. You may determine to consult legal counsel to the extent you deem appropriate.
Regards,
Sinan Kalayoglu
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
(212) 310-8257
(212) 310-8007 (fax)
sinan.kalayoglu@weil.com
07/23/2009 06:46 PM
To <lehmanteam@weil.com>
cc
Subject Proofs of Claim form
Lehman Team,
I am very unsure of what actions I should be taking right now and or IF I even need to take any. I was hoping that someone may be able to help me out.
I hold shares of LEHJQ, LEHCQ, and LEHPQ. Do I need to file POC for these securities?
What are the intentions for the current share holders? Do shares need to be registered
Thank you in advance for your prompt response, I am sure this won't be the last time I email the firm for my concerns.
PROOF OF CLAIM form SURVEY.
Please take the new survey if you own LEHMAN stock(any issue) even if you have not recieved a Proof of Claim form as this lets us know the completeness of distribution by the company and the BK COURT.
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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)
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