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My best to you as well Hawk!
TWO WORDS. Barclay's SETTLEMENT. IF that should occur or any news hinting or Peck ORDERING....lot of IF's BUT should Barclays settle then so would the rest fall like dominoes and only then would the "Truer value" of these preferreds be realized in the PPS once the buying stampede commenced on SETTLEMENT AFTER SETTLEMENT NEWS!!!
I HOPE FOR THE BEST AND THIS IS ALL MY CONJECTURE AND SHOULD NOT BE USED AS OR CONSIDERED INVESTMENT ADVICE BY ANYONE...
GLTA
In my humble opinion we will see action by year's end.
I base that on ONE court decision and a lot of hope ;)
More settlements to come, here's the newest...
http://finance.yahoo.com/news/Lehman-looks-to-settle-with-rb-2861964397.html?x=0&.v=1
glta
Daktok - insiders, MM's, ALWAYS know before we do. eom
LEH was a Cadillac with flat tires sold for scrap metal...
....and the guilty still profit two years later. BR stands for banking reforms....it actually is BS!!!! Peck is our only hope.
Thanks Sidedraft! GO Leh Lawyers!!!
Looks to me like they've proved the documents were fudged AND held back until last minute to ensure they go through. Peck WON'T let that slide. IMO
GLTA
Should have bought these Lehmans instead...
All are at their 1 yr high...sigh...
Lehman ABS Corp Corporate Backe JZT Stock NYQ
Lehman ABS Corp 7.00% Corporate JZV Stock NYQ
Lehman ABS Corp 6.25% Bristol-M XFR Stock NYQ
Lehman ABS Corp 7.70 CorTS 2001 XKN Stock NYQ
LEHMAN ABS GM CORP CCYPQ.PK Stock PNK
Lehman Trust Certs trading @ 52 week high???
http://www.reuters.com/finance/stocks/overview?symbol=XFH.N
WTF is that???
Good work Daktok....
Let's just hope that Peck gets PO'd at these obvious LIES and does the right thing AND hope to hell he doesn't have a "price".
GLTA
+25% on 200 shares ($20) trade.....
UNFRIGGENBELIEVEBLE!!! GO PECK!!!
Gotta love this part from yesterday's Barclay's PR....
LEHMAN SEZ - "The court was not informed about crucial changes to the asset purchase agreement when it approved the sale, and therefore the court approved a sale that was very different than the one that was consummated."
A Barclays spokesman declined to comment.
SURE HOPE THAT PECK SEES IT THE SAME WAY! JUDGES HATE BEING HOODWINKED.
GLTA!
A Barslay's settlment & Och Ziiff gets ordered to produce docs & emails....
NOW THAT'S WHAT I'M HOPING FOR, and SOON!!!
;)
GLTA
OCH-ZIFF sure doesn't want anyone to see their emails huh folks?
I just hope that they're not powerful enough to supress ;)
Spidey senses tingling...
....something has to give here in these doldrums with all these court cases. I know it's a crappy mkt but LEHs assets especially the commercial real estate keep rising. True valuation t\is WAY undervalued...IMO
GLTA
Bid .04 - Ask .25 ???
Independent examiner requested by shareholders.....
http://finance.yahoo.com/news/WaMu-judge-schedules-hearing-apf-1548282965.html?x=0&.v=2
This is exactly what Peck should be doing too!
Why not ask several law firms to take the case on 'contingency'?
They would only get paid if victorious.
From the movie "SO YOU'RE HANGIN LEHMAN OUT TO DRY!"
....good show.
No Problem Mnt....the best thing that could happen on one of these programs is that they expose certain activities of some very LARGE entities that actually prevented Lehman from staying afloat and forced BK in the final 'hours'. That could have easily also happened to some of Lehman's competititors but didn't. The Canadian show did not go there, wonder if any broadcaster (CNBC) has the ballz? I hope so but highly doubt it. LOL!!!!!
Mnt - I just watched a show on Lehman....
Recently made by the CBC in Canada....They villified the higher ups by interviewing whistle blowers who were fired. AND they also stated that Lehman's practices were not too different from everyone else in the game. I think you are concerned about nothing, the show will not expose anything new or have any effect on the pps. We need REAL news on Barclay's, JPM etc. and find those remaining and substantial hidden assets. IMHO
MNT....can you elaborate please?
Nothing on the Lehman Calendar link for that date.
Thanks in advance.
LAMCO manages 50 bill in assets?
Thought they were starting with 30?
From their website...
"Currently, LAMCO manages over $50 billion in assets across five distinct asset classes:... "
What a typical arrogant response by lawyers...
...who are so good at trying to make people look like they don't matter or know what they're talking about.
On the Yahoo board - 'wamuqd' recommended that Troy write a complaint letter to Peck and use this lawyer letter as an exhibit.
BTW - I would love it if they respond to the excellent rebuttal, but I think they will not unless they HAVE to (and they don't)...
GLTA
Hey that sounds good to me!
Liked your Buddy Holly movie too ;)
Real Good find Hawg! I like this part of the PR...
"The Board of Governors acknowledged receipt of both FOIA requests but failed to respond within the statutory allotted time period, prompting McKinley's lawsuit."
GEE, WHY ARE THEY FAILING TO RESPOND? SHREDDERS WORKING OVERTIME??? ABOUT TIME SOMEONE QUESTIONED THE LEGALITY - I HOPE MORE OF THESE TYPE OF SUITS ARISE TO PUT MORE PRESSURE TO EXPOSE THE TRUTH!!!!!!
See full article from DailyFinance: http://srph.it/cADGyT
When the settlements start being announced in June there is a chance of seeing .18 as much as there is 1.8 ;)
IMO-EOM
Waiting for more on the Barclay's lawsuit.
WOW! m's dropped to a penny at 10am???
Thanks dnoto - Peck is THE key.
GS tsk tsk for last Thursday and all the on massive buys Friday!
CAN YOU SAY ILLEGAL FLEECE JOB!!!!!! GS MUST DIE - IMO
Wow! .05 on diddly squat ;)
Wow! .02 on diddly squat traded...
Seems to me like MM's want us all to sell really bad ;)
My spidey senses are tingling for JUNE!
Why is LEH Mexico trading at 1.89???
http://finance.yahoo.com/q?s=LEHMQ.MX
More News on the Barclays/Lehman deal. Barclays SLIPPED in a 4 Billion dollar bonus for themselves on the last draft and the attorney's didn;t see it!!!
http://www.businessweek.com/news/2010-05-05/lehman-trustee-didn-t-grasp-letter-he-charged-12-600-to-review.html
NEWS on BARCLAYS suit....
http://www.reuters.com/article/financialsSector/idUSLDE6430SI20100505