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Good question. I only have CTs. Are we talking CTs, preferreds or commons here?
How are they setting up the CTs to be converted? You're talking about being converted to common in the Archstone IPO?
I don't get this 230 notice. What does it mean to us?
"If we get good results and a change in mindset, we could be in-the-very-black by the end of 2013 - heck, why not sooner?
How's that for a rosier projection!"
Very nice, thank you.
This does not apply to us, does it?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80477542
"called etrade and they said it's a phantom gain "
There' no such thing as a phantom trade. That was a genuine high trade that someone made and then it got walked back down.
Good to See.
I absolutely suck at this. I watch it go up, then down. I can't tell when they're going to do something with these 2
Runup is picking up speed today.
5 stars 4cents
Who said it would be 6 more years? I think for Freddie anyway, it'll be 2 more years, maybe 3-4 for Fannie, especially given the deferred tax assets that will kick in.
Speculates that the deferred tax assets will kick in in 2013, this will make their recovery even faster
Speculates that the deferred tax assets will kick in in 2013, this will make their recovery even faster
"Pump n dump by Mber?
Really think so? Sure - that *could* be, but why do you think so?"
Only because she actively posted here all through the run up las year and then disappeared. Took her money and run. jmho
That's hardly any short interest.
Ski - sounds good.
"
"If there is concern that profits won't be sufficient to meet the $18 billion in annual dividends owed Treasury, a better amendment might have been to allow the GSEs to repay taxpayers by repurchasing senior preferred shares with any retained earnings.""
Isn't buying the senior preferreds from the treasury the same as paying them back? Unless of course, the GSEs convert the sr preferreds they purchased into commons of newco if they expect that to make more money.
Yes, let us know what it is and we can decide as a group what action of ours is needed, if any.
"At some point, if our speculation has been correct...Holdings may issue a tender offer to shareholders in an effort to redeem at a discounted rate. "
Exactly, and I think that will happen shortly.
"They will not be able to dissolve the trust without redeeming us. Especially once the Archstone IPO is under way. This is one of the prime reasons they could not delist CTs from trading and place them in the OBS plan trust after the POR was approved IMHO."
Finally, I got it.
"You are't mber in disguise, are you?"
So no, I don't have a spec of the knowledge she has. I wish she would come back, but then again, she did do a pump and dump. To each their own.
"Which is yet another reason why the shareholders association (as yet non-existent) should be making noise in the media...IMHO.
Bake sale indeed.. We are not children and this is not a game. "
This is too soon. Once the first penny is paid to the tsy that is over he amount they "loaned" to F&F, then there will be a takings. Freddie will be first.
"Mutual admiration society? Ha!"
Sure, why not.
"I'm not convinced that a party that has thirsted for FnF blood since the beginning of time will look out for our best intereste. But if everyone else believes so, then I may warm up to the idea."
They may have finally come to the same conclusion that we did years ago, you can't do without us and you can't get rid of us.
Jimzim thanks. You all talk way over my head. I'm between jobs right now is the only reason I have time to read your posts. One day I'm very positive, the next day, not so much. For some reason, I think an event will occur in 2012, 2013 they will be doing the IPO
Is it to our benefit that the CTs return to the OBS?
"The only two options for LBHI is redeem the CT's or put them into the OBS..."
They've had their chance to put the CTs into the OBS and didn't do it. So are we looking for dividends plus redemption?
5 stars woondedeagle
Wasn't there an announcement that they would do divvies this year? That would give them Jan-Feb to do an IPO.
On what news? Just because they are too low?
true enough
Too much uncertainty. And another 2 years for them to get off their duffs and do anything other than political budget mashing.
Looks like the creditors expect a thriving business.
That's just great. I have lehnq. Does that mean those are wiped?
Lehnq on 1/17/2005 Lehlq on 10/14/2003 Lehkq on 3/14/2003 and Lhhmq on 4/6/2004
Okay, so like, where is Cotton? Does he usually stay away all day?
Okay, so like, where is Cotton? Does he usually stay away all day?
Okay, so like, where is Cotton? Does he usually stay away all day?
Okay, I don't get this. If market value conversions are prohibited, doesn't that mean they have to convert us at $25 in an IPO scenario?
"Remember when I said the Lehman cap trust preferred securities were the cream of the crop in trust preferred stock issues? The Lehman TRUPS were designed to qualify with the federal reserve to be reported as tier 1 capital. One interesting note I found in the federal reserve guidelines was that it stated market value conversion features are generally prohibited. In order to redeem CT's they must actually pay cold hard cash in principal and interest. That is why I said don't be surprised if the reorganized company ask trust preferred shareholders for a vote to convert CT's in to common shares in the new company. I for one will vote NO. "
But they're saying they will start dividend payments by the end of this year. That would be 18 cumulative dividend payments.
Is this because you believe they will try to convert us at market rather than at $25???
"Remember when I said the Lehman cap trust preferred securities were the cream of the crop in trust preferred stock issues? The Lehman TRUPS were designed to qualify with the federal reserve to be reported as tier 1 capital. One interesting note I found in the federal reserve guidelines was that it stated market value conversion features are generally prohibited. In order to redeem CT's they must actually pay cold hard cash in principal and interest. That is why I said don't be surprised if the reorganized company ask trust preferred shareholders for a vote to convert CT's in to common shares in the new company. I for one will vote NO"