Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
two more heading your way tomorrow...unfortunately, the rest of my sheeple strayed from my flock and sold during the recent downtrend. :(
Can someone create a form letter that asks for the creation of an Equity Committee? Along with the press release of Lehman info. I think having a ready-made form that people can just print out, sign, and mail in would generate better participation than everyone having to write out their own letters. Just my opinion.
Well, I guess if you're gonna quote a Miley Cyrus song for this stock...that is THE song to quote!!! Or, I also think Fly on the Wall, is appropriate here. Would love to know what's going on behind the scenes with this company. :)
Now I'm gonna go watch Rocky 1 through 6 and punch stuff! (to re-affirm my manhood. lol)
I just wanna be in ONE stock when that actually happens...without the junk (manipulation of price) that we went through on washington mutual! Doesn't seem too fair when they get help with the price to cover lower :(
I don't know for sure but I'd bet yes on both questions. THe shorts would have to cover on an exchange because all the shares have to be accounted for. And I'm sure there is shorting still going on here. I just can't think of the link to where it shows the current short positions. Sorry not much help.
Probably with the Lehman's people have always been under the impression that there won't be enough money to pay out anything. I think that's why the game is changing here now...people are realizing that it IS most likely gonna have some money to share. I remember I had Lehfq probably right after the bankruptsy...sold it because it didn't move for what seemed like months...made like $80 off it. But I think the numbers here have just been hidden for so long under the literal mountains of paperwork that nobody truly knew what the recovery chances were.
And while I'm thinking about it, remember JPMorgan was involved here too, so yes it is possible that Lehman stocks were held down intentionally. IMO.
Seriously though, I can't remember when exactly the Wahuqs took off. I know they were a few dollars for a long time then all of a sudden they went almost to where they are being payed out at...that's why I think it was some kind of leak. I think Lehmans will follow....that's why I'm here now and not AFTER they run up.
Honestly...with the Wahuq, I would bet there was an inside leak that they were gonna get paid big, knowing all that's going on with that stock. I think here, the leak hasn't happened yet...maybe tomorrow. :D
simple. We need someone to "borrow" that filing of the current shareholders that was used in the creation of the Equity Committee. lol. That should be a sinch to get ahold of. :D
that's what it looks like to me too. Commons get shares in the new company and IF there is money left over after paying everybody else off, we get cash too! IMO.
when I bought into the Lehman's stocks I thought they'd be nice and quiet for a while...allowing me to recover from washington mutual's craziness...guess I was wrong! Tomorrow should be exciting here (for better or for worse).
no way to tell what's left for commons yet. They said there are many duplicate claims...we still have a chance...and they didn't say they were planning on cancelling us so....maybe we're good.
That's exactly my thinking as well, Windfall. Whatever her reasons for allowing Rosen to present the bullcrap plan in court, the one thing that I keep coming back to is that she wanted it on record...methinks there is more here than meets they eye!
Can't wait to see how this plays out!!!
not sure. I hope you are right, and those numbers end up being right...that would make things a lot simpler here. Then I think they could pretty much "walk out of bankruptsy". Guess we gotta wait and see what their plans for reorganization are.
Yeah...I've been trying to figure out my Lehman strategy. In some ways it's similar to Washington Mutual, but in others it is very different. I do like the capital trusts here. (Oh! and the commons, since this is posting on their board. lol)
BTW, I could think of a few corrupt guys in the banking business that I would replace with the Olsen twins in a second! lol.
thanks for that link...that countdown reminds me of the one somebody did a few years back for when the Olsen twins were turning 18! :D
We are still expecting a reorganization plan to come out some time today aren't we?
IMO the judge was waiting to sign the motion of the EC to have intervening power until it became clear that it would be necessary. Friday's actions proved it necessary, as it showed that equity interests were not being looked ater, so I expect it to be signed off early this week.
yes I do. Could be mistaken...been a LONG week for me :) but that's how I see it. But definitely a liquidation plan would preserve it as funds are paid out in priority order with the trusts ahead of preferreds and preferreds ahead of commons.
I disagree that capital trusts have to be paid in full before other share classes see anything. Looking at the current proposed deal in the Washington Mutual case (that IMO will not be accepted) the capital trusts are being paid at around 80% while the preferreds shares would receive between 10% and 20% payout and seemingly nothing for the commons... Unless, Lehman is a straight liquidation case, then it would follow the ladder paying each class in full, leaving the rest for commons. All in my opinion.
I think the trust preferreds are the Wahuq's not wamkq.
Fun day. :/ Why oh why didn't I have spare cash to buy more! lol
are we screwed?
k. I'm connected. Thanks all for the encouragement to keep trying and trying. lol. And yes! That music was worth all the hastle. :D
k. I'm connected. Thanks all for the encouragement to keep trying and trying. lol. And yes! That music was worth all the hastle. :D
anybody else listening to it? I can't connect back up with the hearing.
lol. That made me spill my captain crunch on my laptop!!!
it's back now...that was cool for a minute though :)
it's gone on mine too
if they only offer a settlement to people that show a loss, they are effectively compensating shareholders based on damages and that is not what bankruptsy court is for...that's the criminal court that takes place if there is a failure to settle here. In the bankrupty court, the settlement is awarded to ALL who own a part of the company, that includes post bankrupty shareholders as those shares were purchased freely and legally. IMO
a craaaaazy day ahead of us!
I was wishing for something like this to exist! Thanks a ton...made my day.
I had to sell some today :( I've been saving every dollar I could and putting in the different classes...I've even been skipping the barber shop (gotta nice mullett goin on) and cutting back on Sobe. Oh yeah, and I sold my car! Been borrowing my dad's. lol. But I gotta bill due next week so I had to sell 7 whole shares today. I'm gonna miss those little fellers.
this is how I believe it will play out as well
unless the stock is halted and purchased shares are allowed to settle before payouts are made.
Interesting. I didn't know you could request who handles your orders. I've just been thinking...I saw a post a thousand posts ago where someone said that yesterday's crazy action was due to the wamuqs settling. Right now I'm of that same opinion, and that the market makers got wind of that and shook things up for that reason. I just hate seeing that they can pull crap like that off. Exciting day ahead of us here.
Do we know if shorts were being covered yesterday and that was the reason for the games?
Dude! Miss Cleo!!!....she got me through pooberty :) If she could do that....she's gotta know what's going on with the settlement talks here. Someone that doesn't have every last dollar into this stock should call her and see what's up. lol.
IVOT movin' on up!!!
I feel inspired to make a post. Lots of "monkeytalk" on the boards tonight. :)