Would prefer $25.00 with deferred interest. Of course if the Reddit Crew runs it to full value, that's OK, too.

Morning Jersey and all. It has been years since I posted and visited here. Still holding thousands of CTs. Purposely, I put this aside hoping one day to see a positive resolution. Good luck to us all.

Looks like the price target has been met at $6.00..Congrats

Large downgap fill , correct Clay?

Very lengthy 10K report. Some ties with bigger pharmas (CELG included)..We shall see. It is too early to tell about much here but data seems nice..I bought some expecting some Tute buying at some point. That is a weak link for this. More is held by insiders that institutions.. I can see at least 15-20% uptick in institutional buying in the next 3-6 months. That may be only wishful thinking.

I read the 10k and didn't see any warrants or convertibles. Multiple officers took 17k shares as an option a couple weeks ago. I think 30k dollars each...I don't see company selling here. I see a combination of selling the news, bad overall market, low float/high volatility and HFT trading kicking in... I don't see downside from here in the shortterm, imo.

Yeah..I cannot wait to see a ticker change with a large pile of cash next to where the CTs used to be..I don't know what the new name will be. I affectionately refer to them as GLNL.."The Golden Nols".

Very true.. If one ascribes to a hierarchy here (seems to be the argument) then the CTs certainly trump a significant amount who expect to gain a portion of the pie....

I honor some US Veterans here...Dine is a fine example..Working for Raytheon, he is a class act...He and I spoke of the Bristol factory. I may be wrong entirely, but think Arizona links us.......

Funny how you are now pointing to the prospectus now when all you say that matters is the POR...YOU ARE wrong in your classification of the CTs. They are a form of TRUPs and are bond backed as well as preferred. They cannot be dismissed though they were temporarily removed at one time....

The CTS are a bit of turbulence for the pending lawyers which is why it appears they are still trading and being accumulated..

I love my friends here and and want and expect some justice...Jersey is top notch..Camaro, Dine,..etc..I am not giving up..

Joe...Even if you are right you lack remorse and lack compassion for the common investor. Life can be cruel, for certain...I and a few others disagree with you though you do carry merit for many posts.

Don't be against all here...Some are deserving...I think you perceive a conspiracy when the majority simply wants justice..

Everyone already knew that Lehman was not a part of the POR Joe..That should either comfort you or scare the Whiz out of you...I take it you are not scared...It comforts some..

I-HUB has sold out to spam...Does it matter? Not to me..I-HUB is a low class medium that doesn't influence my buying or selling decisions..I-Hub is nearly a bankrupt company it appears....

Oh, so they will end up as worthless??..Giddens said the first but not the last payment to these unsecured creditors begins on Sept 10 this year while more payments are likely.....

It does seem you carry a big chip on your shoulder...Almost personal..Loosen up Joe..

Well I am a bit peaved and know my DD.. I thought I had enough shares but with the chain of events I am going to be buying more..If there were ever a conspiracy it is now..I have always felt the only ones ever to gain here are the crooked lawyers.............

Of course, that is why I am buying, the crooked lawyers..Why hold for years and now sell when they are the ones buying?? Yes, that is correct. They will buy now, hold for several months and appoint a settlement to themselves.....Just wait and see..

Take a vacation and you get booted as a mod?? LOL..This fires me up...

Well if it comforts at all, someone is buying shares.. Noise is plentiful and out there.. You can talk yourself into anything if you dwell on it.

One thing in all of this that is missing Joe is the lawyer's flow sheet....The POR as you say is a set item..It seems though much is open for interpretation which includes the salary structure of those still handling the money,..That should be open for public record..Right??

How are you doing Jersey??..Been away a while on an extended leave..Got booted as mod for my absence.. Still holding all, though..

Nice post...eom

JPM isn't going to lose a cent...Everyone knows that..The secret to unlocking the mystery is somehow locked into JPM...We need to find the key here...

Thanks Jersey.. I am gonna dig in and try to digest this..GL.

Whoa..Must be something brewing..Been away and see some action..

I second that motion sir..

Absolutely I think there is going to be some type of payout for the OBS/Preferred Block...I am so convicted by that I have been adding a few along the way...The POR is the table of contents of this complicated saga, but sometimes the conviction lies on the cover...Who is to really say we are even in the POR..

Well another technicality exists in that 10B perhaps isn't really an unsecured creditor at all because it is secured/backed by tangible assets which is the bond instrument..Hmmmmm

Seems the loudest noises are from two extremes; those that hold and those that sold....

A few like myself are somewhere in the middle expecting a "reasonable settlement" of some sort..Thus expecting something makes this little dip enticing to gather a few more shares, making the noise even that much greater from those wanting a cheaper re-enry, imo..

Get ready for the "unsecured creditors" TO RECEIVE 3 billion dollars beginning in September.. http://blogs.wsj.com/bankruptcy/2014/07/31/the-daily-docket-judge-says-lehman-trustee-can-create-3b-fund-for-creditors/

It has been some years back in Bristol, Tenn..

He was mod on one of the Lehman boards..I saw it for the longer term..

Spoke to Brik many times...He was a MOMO trader so anything he said was to make a short-term gain..Not bashing the fellow but he made some good money from a nickle to half dollar on a ton of shares...

LOL...Raytheon is a great company...Funny Story; my Father in law used to be a security guard for Raytheon..I asked him what kind of gun he carried..He pulled out a small case knife used for peeling apples and said this was all the guards could carry due to liability issues...Hopefully that has changed...

I thought he sold all his shares? I know he said he sold all his shares ..

Where is that Doubloon fellow that was at one time IR?

I loved the photo a couple years ago of a backpack wildcat driller sitting under an icy tent lighting a cigarette with a frozen look on his face...LOL...

Why waste your money on these down here when really all these subbies stand no chance...Heck FCX is speculative mid cap but you would have made a cool 30% from $30.00- $39.00 and a regular dividend..Don't believe the hype..

So far everyone thinks there will be some type of recovery. That is very good.Just seems there is so much noise and perhaps some boredom setting in...

I think ,I like others, have been drifting in sea on this dingy for so long it is easy to tune out certain things...Just waiting it out now...One day I think we will spot land and things will pay off, imo..We simply have to get something worth the wait, even if it is all tied to the NOLS..

I am going to step in here a bit...Question: Without specifics, how many think that the CTs will see any kind of recovery...Yes or no is enough..

I agree 100% with you...Why spend a dime here when the odds are heavily against you...You happen to be speaking to the king of subbie pump and dump BTW..I took a position in FCX for instance weeks ago and know it will not tank..Heck, I am up about 18% and have a reputable company that is going to pay a dividend....

Why flip a coing down here esp with the dumpster KING Doubloon ...