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It's possible preferreds would be sent to newco, if commons go to newco they may undergo a reverse split.
I don't feel safe with the CTs because no information is forthcoming. You know how it goes, if you're not in the information loop, you're out.
C'est la vie, n'est pas? Paris it is.
I thought we were going to gather in Las Vegas for a millionnaires party. That good for you, Europe?
I'm thinking the CTs get zippity doo dah, there's some gimmick to registration that has not been uncovered, or at least by me, followed up on.
I really don't like this lack of information. Can someone else write to abowdler@epiqsystems.com and see what they can come up with for the CTs? Thanks.
At first I did not know that the cusips were the symbols, but then I wrote back to them with the cusip numbers but did not get a response back.
I inquired to LEH about my CTs and from abowdler@epiqsystems.com got this answer "Shareholders are generally not required to file claims, as your records are held through DTC and payments, if any, would be made through your broker."
"Then of course there's that Little Thingy written into the Revered Document by the venerated Founding Fathers (no girls):"
So long as you boys are having a good good time at my expense, that's all that matters.
I would think that if dividends are paid on the CTs with face of $25, then they would move to rv
Do you think they'll convert to CTs or commons?
Here's me again thinking that Santa Clause exists.
Does anyone here think that if we under go a conversion to newlehco that we'll receive a percentage of extra shares to smooth/agree to the conversion?
Here's me again thinking that Santa Clause exists.
Does anyone here think that if we under go a conversion to newlehco that we'll receive a percentage of extra shares to smooth/agree to the conversion?
No news out yet. Let's forget about this stock and remember what the next 3 days are about.
Oh, poor babies, they miss out, such a shame.
my Freddie 50s did not do so well
Thanks for the nod Taint.
5 stars Europe, can't wait until Monday
It means the CTs have been over-looked by investors and are selling at incrdibly cheap prices.
My bets are they report today AH, so that no one notices before the 3 day weekend.
If fnmas is our trend for today, it's going to be a skyrocket
http://finance.yahoo.com/q?s=FNMAS
Taint - they refer to mbers
The fix is in, they'll use the DTA's, but parse it out, probably for 1 year. Looking good guys ( I would say "and gals" but no one here is admitting they're a girl other than me )
"But that would reduce its life line to the U.S. Treasury, which has been available since the mortgage giant was placed in conservatorship back in September 2008"
Isn't that just a doggone shame.
"i am certain judge cote appreciates her neutrality and judicial integrity called in to question"
Right, this will help the banks a lot.
Fannie Mae execs may have had this scenario planned for 4.5 years
If you don't like it here, then go away.
We won't really know, but they may have the money by mid-summer to pay off the remaining claims
yes, $53b, i've already backtracked that to $2b more to go
They have 5 days to get the q4 out, and 3 of them the stock market won't be open
Love that correction - so it's:
okay, so of the $53b to pay out, with April's payment it will be $22.5+10.5+14.2+3.8
or $2b more to go
okay, so of the $59b to pay out, with April's payment it will be $22.5+10.5+14.2, or $47.2. That's $11.8b more to go.
you would think that if they pay dividends on lehnq in april, then all the cts would go to redemption value
That's a lot of shares.
Sept 30 will be the 4th distribution, so not done yet.
News timing - my guess is after hours friday
I'd like to see $34, or better yet, $40
yep, on all 4 cts