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Slow but steady progress should be a dollar stock soon enough.
If the options are exercised they should come out of stock that is in the treasury,part of the a/s.
Stock goes up 2100% you gotta think there will be profit taking the first hour at least.
If you think its going to be worthless sell your position or at least sell enough to get to a break even point and ride free shares.
Dale the shares are attached to the holding company and not the bank.The FDIC takes the bank but the other debt/assets remain with the parent which most likely will be bought by another financial company.
Its better for all parties concerned to settle before the end of the year.The initial offer was $8 and was rejected I think getting $10 or $12 now is better than having to wait another year and still be around $12.
No action with the Preferreds.
Hiding volume is pretty stupid if thats what they are doing.Its public record after all.
I would think as a holder of preferred stock you dont have to do anything. Lehman had $15b in cash on hand that JPM froze prior to the BK filing. As this is a chapter 11 and not a chapter 7 Lehman hopes to reorganize. AS any BK if the assets are sold off after the debt is paid off then the bondholders and preferred shareholders get paid.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39725157
The most bang for your buck is the N IMO.
http://www.sidedraught.com/stocks/LehmanBros/LehmanBrothersBang4Buck.xls
I use web root and Trend Micro Internet Security - no issues.
As I understand it the figure is $25.When I was considering this stock a month or two ago a poster gave me this spread sheet.Thought it might be useful.
http://www.sidedraught.com/stocks/LehmanBros/LehmanBrothersBang4Buck.xls
The good news is that the stock is up 12% or so and its holding around .15 .
Thx Clay.
Maybe we can close around .18.
The lawsuit. With $4b thats about $2.50 a share with 1.6b authorized shares.Of course the preferreds get a cut as well.The lawsuit either can drag on for years or they can come to a settlement which is what everyone here hopes to see.
You have to have a trial and then the witness will testify what was in the deposition.
How do you buy/sell a stock with no bid or ask ? Thx
DRWN no bid/ask
They could get enough money for the payoff from TARP.
I dont want no stinkin stock swap I want cold cash.
Ya the hotdog vender told me that one of his customers told him that WAMUQ was going to settle lol
Now at .19 nice setup for a strong close.
Flipping
Their UK unit is going to sue the parent for $100b,that should damper the stock.
Lets have a WMI/LEH merger.:)
Bankruptcy is sexy ?
We shall see if this is a rumor or fact. But the volume today indicates something is up.
Awesome day. It will be like hitting the lottery if we get a settlement.
WAMUQ news may be pending.Judge ruled on 4B to WMI.
JPM offered settlement, headlines coming out this evening.
Waiting for link.. and a verification link..
WAMUQ news pending. Judge ruled on 4B to WMI.
JPM offered settlement, headlines coming out this evening.
Waiting for ink.. and a verification link..
Profit taking now.
It flew right to .14 and the MM's have left the building hehe.
WAMUQ up 32% today.
WAMUQ is up to .137 and knocking on the door to .14
The shorts are being squeezed.
WE may close past .13 which would be a great way to end the week.
If it were BAD news they wouldnt be buying thats for sure. WAMUQ is cheap and has more upside than the preferreds do. The smart money would and is buying the common IMO.
Thats what someone said about breaking .12 lol
I would say .12 is the next wall.