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.
Just checkin the board and wow. This is fantastic news, I don't give a sh*# what anyone says. $22 million dollar contract is a big deal. EXPH redux. Those who reloaded, congrats! Those who have held let's hope they van recoup some $ and then some. All good imo.
One down, 8.5% dwindled down. NEXT! Great find.
Gotta be close. What's with th mini-trades at .0012 right after those big blocks? Anyways, let's hope dilution is over and we begin exph redux
You should have it now. Keep in mind, I did the best I could
Will do this evening. My work email kicked it back to me due to the gmail address. Sorry, but I'll get it to ya
Dilution is almost done hopefully. A/S will be maxed. News comes out? What then? Can the new ceo sustain any gains? Oh the suspense!
I looked up institutional ownership of the tickers. I then went to Etrade to find the funds mentioned on the site that shows institutional ownership. Next, I went into the fund's latest filings to see the holdings. The vast majority of their Leh holdings are the elder prefd's like the C's and D's probably due to the fact they have been in existence since '99. The J's have very small institutional ownership in any company's funds. Hancock also has CT's in some of their funds. Since all prefd's are in the same boat, I used what they predominantly currently hold--most as of 1/31/10. I do not recall seeing any P's or LBG..
Here are the funds symbols: PDT, HTD,HPI,HPF,HPS
Take a look at the Market Caps of the first two and the total face of Lehman holdings. Also, they are noted as non-income producing. As far as the letter, I composed it in Word from work PC, I use my BB to post here. Not sure how to get it to you, unless you have a fax or email I could send it to. I have it saved. I just wanted to call attention to what they hold in those funds. Prefd's alone is $75mil plus face value. I encourage u to check the tickers and pull up their nq sec filings. Let me know anything u need. Good luck!
I sent a letter to Keith Hartstein CEO of Berkeley Financial Group with the lehmanequity.com site and the PR release link, also included my findings of the Hancock securities et al. Hopefully he gets the letter and lends his support via letter to Peck. We'll see...
I look forward to finding out who those two companies are and what projects that are significant are. Dilution should be done soon, A/S maxed out, then we should start getting concrete updates and news, imo.
Troy, is there a link to the PR on lehmanequity.com?
Exactly. The fact remains that the "Plan" set forth by A/M does not completely negate us. There is hope, and the odds are far far better than any Lotto ticket one can buy. An EC will help us immensely, so that is our best avenue at this time. I just mailed a letter to The Berkely Financial Group about Hancock's Lehman equity holdings, seeking a letter of support for the EC drive. Let's hope they respond. I sent it to their top guy, Keith Frederick Hartstein. We'll see. Good luck to all.
Exactly. I'm in it all the way til the end for all intensive purposes. Hell, even if nothing goes our way by an EC not allowed, if at the end of the day the scraps left are 4-5 percent of face or pro-rata shares in a new entity, that'll be much more than our initial entry points. Now of course I want much more, but the story continues to unfold. Good luck guys. 2 weeks til disclosure statement-hopefully- and to new balance sheet. Night all.
No doubt it will be very arduous to get back to near a penny. Hopefully the new CEO will know how to sustain any growth in pps. Heck, just timely filings and details in pr's should help. Plus, hopefully some rise will be soon. Last round of significant dilution took forever and we went without a peep from the company much much longer than the recent 'silence' Helluvalot easier to dilute 100mil than 500mil, especially back then when trading 300,000 shares was a big day. As I stated earlier, if we can get back to July '09 pps levels by this July and sustain it, I'll be pleasantly surprised and pleased. But your right, what an uphill battle we face.
Very true. That's why the trick is to sustain any run with viable progress. Can this company do it? That will be determined.
It pretty much happened that way in'08/09. The company repeatedly claimed they were not diluting back when the A/S was around 500mil or so. They then announced later in '09 that they finished diluting and the A/S was went up 50%. Now keep in mind the initial catalyst was the conversion of Pref to common. As you recall the pps rose 200% that day. Prior to that we were in the trips to .0012 for what seemed like forever. Wonder what the catalyst, if any, will be this time? Let's hope we know sooner rather than later.
Why wouldn't that be considered a form of insider trading? Its like if say the company had a buyout offer at a significantly higher pps than it was currently trading and b4 they announced such offer, they raised the A/S. I'm with you, if its not illegal then it should be. Also, if exph is diluting now before any releases that may raise the pps, is that being ethical or stupid?
Well sure, but wouldn't that be unethical at the least or possibly illegal? What I mean is that they couldn't sit on news that would be very favorable to the pps and raise the A/S before releasing said news to maximize their money. I wouldn't think they could do that or no?
There's a bright side to every situation,lol. I still say this is setting up as exph redux. Let's see how the timeline of events unfold and what they are. I hope some etc revenues are a part of that. As I stated earlier, when an impending run comes, hopefully the co will be able to sustain and stabilize it.
TY. I'll do my best. I am just beyond frustrated, more so after today. I guess journalism is dead not only in the political realm, but now in the financial one as well.
I spent much of the day on the horn being bounced around from Hancock to Mellon BNY with everyone from customer service reps to the janitor lol. I was never really put into contact with someone to help me. My next step is to contact The Berkeley Financial Group LLC who Hancock Advisers is an arm of. I then proceeded to contact and had several email exchanges with our pal Mr.Stergold with Business Week online. I passed along my findings of Hancock's holdings of preferred's and the astonishing (at least to me) $70+million worth of face value holdings. In two funds alone as of 1/31/10 have over $50million face alone, roughly 5.5percent of the funds current market cap. He first asked me what was my interest in this matter. I reminded him of the EC drive and told him I am looking for Hancock to lend support, nothing monetary, to the formation of the EC. That their support would provide huge amounts of credibility to our cause. I told hin I found it odd that Hancock or any others have been silent on the reorg plan considering the huge sums of $ they have in potential face value. I find that fact quite amazing. Imagine what a 5, 10, 20 percent recovery would do for those funds and their customers. Whew. I also commented to sterngold that equity has no representation in the BK and that without an EC, the lawyers will most likely leave us out in the cold. I opined that as journalists, I would think they would want to dissect the LEHMAN BRO reorg plan considering the breadth and scope of the BK and its lasting effects on the economy. I am trying to get them to do a story on regular joe equity guy. He then told me he understood my point but "what puzzles me is that I thought it was well established that equity holders are last in line at a liquidation. You in effect stand next to Dick Fuld, you get what's left only after other creditors have had their claims satisfied, no?" What great company we are in with Fuld was my first thought lol. I then opined that yes that is no doubt the case, but I felt the lawyers and big $ will do everything possible to keep that from happening. I told him it will be up to Peck to decide on an EC and told him about wamu and the thousands of letters that were presented in support of their EC. I added some other points but he did not email me back after that. So that's where I'm at right now. The Hancock thing really has me perplexed and I will do my damndest to get to the bottom of that. I'll get on it tomorrow AM, hope my boss isn't watching lol, and see what I find out. I'm not giving up guys, bone of us should. The story is still being told and there is plenty of fight and ammo left.
Nope, least hope not. Since this is exph deja vu, here's what I guesstimate to occur. Announce that they are done diluting. Maybe announce remaining shares as restricted as you pointed out could happen. Then we'll get a PR saying one of the quarters or both revenues increased about 120 percent over prior year. Then the update on the two projects that were near the finalization point that are significant-probably etc related. All those will be spaced out, throw new ceo announcement in there, and then maybe we will get a sustained pps by July close to where it was last year at that time. Pretty much follow last year's pattern. Least that's how I'd do it. Just a guess...
Not to mention, they are a Pink that prbably needs cash quick so they wanna get rid of them to pick up $15-20K. They don't have the patience. Hopefully, they will regret that move lol
That's what I've been doing since this AM. I called Hancock, who transferred me to BNY Mellon, who sent me back to Hancock. Dealing with customer service reps. Next step would be Berkely Financial Group LLC. Hancock Advisers LLC is an arm of them. I also have been emailing a business week online journo about the hancock info. I will let all know where that goes. Do u realize that in two of their funds they currently have $52million face of C's and D's alone? That's 5.5percent of the current market cap of the funds. Still on the books as of 1/31/10. Strange not a peep from them about the reorg plan. I'll keep u all posted...
Would that be good or bad?
Good. About 30million to go, then maybe we can get some real news to get this sucker moving again
To expand upon my last post, John Hancock has over $65 mil face value of Preferred's and they have trusts as well. We need them to help with our EC efforts. Mega bucks owned by those boys and they are currently non-income producing securities for them and their customers. Judge Peck, hear our plea's! Damned lawyers and accountants lol
Ok, here's my discovery. My plan and I could use help is to call Hancock and see if they wanna fight with us for an EC. Here's the breakdown:
As of 1/31/10:
Symbol PDT: 553,600 lehdq
43,000 lehcq
Symbol HTD:
65,000 lehdq
274,760 lehcq
219,300 lehfq
AS of 10/31/09
Symbol HPI
175,600 lehcq
Symbol HPF:
145,200 lehcq
Symbol HPS:
142,601 lehdq
J's have very small mutual fund ownership and none with hhancock. But since we r in the same boat, it is germane.
Totals: 638,560 lehcq with face of 31,928,000
761,201 lehdq: face value of:
38,060,050
Hope they want to recover some. GLTA
What's the website that shows the mutual fund holders of the lehman preferred's. I had it bookmarked, but must have lost it. U guys know which one I mean? tia
I understand, but geesh its not the Pentagon. That right there is huge huge red flag to me. But be that as it may, I am true to my word and will give it the 'ole college try, lol. One way or another, I'll get in. Have a good night Judy. I will try to go 2morrow, I cannot guarantee it will be tomorrow, but I will go this week.
Not sure what Lang is referring to but I will. Its a nice building but seems small. I'm expecting to see giant vats of chemicals and hazmat suits hanging on the wall, lol. Never seen any movement of those crates at all, just a few ladies outside smoking. I work with people who work for JH so maybe I can use that angle. What's your guys experience with the peeps that run this place? Open door policy ever been expressed? I need as much helpful info as possible. tia
Maybe eeso could sell that farm some of pig smell remover lol. I'll try n do do asap and report back. Its a public business so my plan is to go right up to the door, but I'll ask about a job anyway
I drive by everyday to and fro work. I've been debating buying another pink and since I live 2 or 3 miles from this one, I've thought about taking a position. Yes the building being built next door has zero to do with eeso. It is JH Specialties which is kind of like an IT support company. When I go home from work at 4;30 I usually see 4-5 cars (a really nice red sports car is one) is in the lot. Those totes/crates on the side/front of the building is the reason why I have not bought any shares. Those smae damned crates/totes have been sitting there in the same spots for the year and a half I've been driving by them 5 days a week. I understand your apprehension to go up there, but one of these days I'll stop by. Maybe I'll apply for a job, lol. Still want to buy at these low low levels, but pinks have burned me too much. Judy, I live near Carrol High School to let u know I do live in the Fort. Good luck to you guys here, I hope for a turnaround for you. Maybe I'll buy some. Who knows....
Speaking of redo...seems the whole process is starting over. Having a case of Deja Vu.
Reason I ask is folks are wondering when things are going to be released. My thinking is not until they are done diluting. Otherwise, it would seem unethical if not illegal if they were let's say sitting on news/events that would have a favorable effect on pps and they said to themselves "hey selves, let's raise the A/S so when we release this we can cash in on it." Now I am NOT saying this is the case at all, just clarifying the question.
They couldn't release material news until they are done diluting, no?
Greatly appreciated!
I can't link to the 8K and eturd doesn't have ot yet. Anyone got a different link than the yahoo edgar one? Tia
Agree 1,000,000% Keep the pressure up everyone! Get your letters in, get your emails out using Troy's talking points. Damned lawyers and accountants....
I don't have a problem with ETC. I do think too much emphasis has been put on it, but the business concept makes sense. Attempting to replace an existing product with a better one is commonplace in business and is a good way to reach new markets. It is in its infancy. These thing don't happen overnight as some here seem to think. Marketing 101, if you want to reach new markets with a product where one exists, solve your competition's problems using your means. I think that is what is trying to be done here. Will it work? That's what remains to be seen. All in all though, I can understand your sentiments.
Hope all are having a good weekend. About 2 more weeks until the disclosure and new balance sheet thru 12/30/09. Keep up the pressure, hopefully we will get an article in the Journal or Business Week online about equity holders. The Lehman story is still unfolding. Big than you to Troy and all here for your efforts and due diligence.