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No objection received regarding motion to extend exclusive periods...
Does this mean that the exclusivity extension will definitely be approved tomorrow...
http://www.kccllc.net/documents/0812229/0812229090518000000000004.pdf
I bought Ps around 5.25...and Hs around 3.75...sold half of the Ps around 20 and a third of Hs around 7...and bought lots of Us with proceedings...I am hoping a good buyout for the Us...and that's of course after my ramaining Ps and Hs are made full FV first...
One would think people with that kind of money (almost a million dollar buy on the Hs today) would know more than we do...and do more DDs than we do...indeed this is very positive indication...
you were right, it all went to 0.10-0.12 briefly at the same time and all came back already...interesting...
it seems that two large blocks went through back to back...both around 52,000...
The price from all the C/Ts start coming down...does it look indetical to two days ago when K crashed from .12 to .035 last minute
The volume on wahuq just exploded...
It went from 5000 a few minutes ago to over 110,000 now...am I reading it correctly...
Lehman file motion to conduct discover against Barclays...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=c4d497ab-d630-46c2-8f18-fb222a28987d
Response due 5/29
Court hearing 6/3
someone just bet a million dollar on wmb bonds...could not believe it...
Just saw this on yahoo board, the wmb bonds were selling one cent on the dollar, so if the one just spent $1,000,000 is right...and that's of course a big big if...the payout is 100 Million dollars...
and what was the market price you got today...that's if you don't mind sharing with the board...
Does that suggest that Weil saw somthing in JP's response that they did not anticipate...given the fact WMI only has a day to respond to the objection response...one would think Weil will parpare the respose to the objection response well in advance...unless something unexpected came up...and what would be JPM's incentive to agree a delay until 8:00 AM Monday?
until 8:00 AM...Monday....May 18th...
saw on yahoo borad that somebody actually got 2,500 KQs @0.035 with a maket order this morning..go figure this one out..
lifegear...the site is back online...you may need to select Lehman brother holding as the client and go into case information...maybe the site went down because too many people want to access it...lol...
it's not working for me either now...it worked for me this morning...the site might been down right now, who knows, even google had an issue yesterday...worst come to worst...you could always go to the main site, choose lehman as the case client and the notice,motion and order for the trading restrictions is right under the key documents...GLTY
Jackson is right...most of the transcations had buy and sell on the same day...any in most cases the options granted have a discount price to current PPS, or no cost all all...I would definitely do the same if I get the options...exercise and sell right away...especially if I don't see any reason that will push the PPS way up in the near future...
Got it...the bottom line is all about dollars and cents...
Thanks for the reply...so is it fair to say if the B/K company has a big NOL, then they might consider not canceling...but most of them (95%) do cancel...right?
VivaLasVegas...are you sure about that concelling equity will wipeout any NOL's...I've seen this statment mutiple time here and in wamu's board and never was able to confirm the statment..
I had a order above the asking price all day yesterday for Ls, and I saw transactions went through mutiple times that ware blow ask, but my order never got filled...
Question on NOL's...(and I recall seeing the figure for wamu's NOL's anywhere from 10B - 20B)
BK court usually establishs trading restrictions on BK stocks to protect the debtor's interest in NOL's...(so that nobody could just buy all the BK stocks outright on cheap just to gain ownership and start claiming for the NOL's)...but what happens if the debtor cancles the stocks (common, and/or preferred), and most of them do end up canceling the stocks...someone suggests that debtor losses the NOLs if they cancle the stocks...is that really true...could anybody confirm that...
lifegear...here is the link for trading restriction on Lehman securities....I also noticed in the motion it stated that lehman is epecting more than 10 Billion for NOL's...I do have a question about the NOL's thought...BK court usually establishs trading restriction on stocks to protect the debtor's interest in NOL's...(so that nobody could just buy all the BK stocks real cheap to gain ownership and start claiming for the NOL's)...but what happens if the debtor cancles the stocks (common, and/or preferred)...someone suggests that debtor losses the NOLs if they cancle the stock...is that true? I could not really confirm that...
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=e8647fe7-b6c0-42fb-9842-24967e0e1477
lifegear,
did you get your bid for LQ filled today...there should be two trades below your bid, one at 2:46, 37,800 @ $.09, and another at 3:56, 9,500 @ $.08...
all 3 for omnibus hearings...
http://www.kccllc.net/documents/0812229/0812229090513000000000001.pdf
New hearing dates:
7/27
8/24
9/25
Thanks a lot for sharing your thought....It's funny that I wanted to buy some Ms (lhhmq) but ended up getting the commmons (lehmq)...was also able to pick up some C/Ts early this week and planning on holding for long term...
I think you are right...not 100% sure though...
JPM responded yesterday...
Accept my bid of 0.09 has NOT been filled at all...
so the K should be $3.6 if things are equal to wmi situation
wahuq is selling for $7.25 which is about 14% of the $50 fv..
V.L.V...
Don't you already have shares close to that number?
John,
What are your thoughts on the Lehman situation?
Micmacpole...Just don't buy more than 4.95% (of 12Million == 600,0000)...bk court order restriction
Just confirmed that here is a 5% court rule on all Lehman securities...maybe that's why the Ks have been having 10 times of volume then other C/Ts...Somebody is having too manay Ks on-hand...
I know the capital trusts junior debts, however I been looking over the court documents all day and was not able to confirm whether or not the C/Ts has a coommitte represented in the BK court, and if a proof of claim was filed for these...Anydbody has any more information on this?
I know the capital trusts junior debts, however I been looking over the court documents all day and was not able to confirm whether or not the C/Ts has a coommitte represented in the BK court, and if a proof of claim was filed for these...Anydbody has any more information on this?
abighammer,
Not to go off the subject, but did you see the notice of agendar for 5/13 courting hearing I posted on lehpq board...