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Marayatano could be right about the trustee means nothing...
And there is a big diference between H and K, H is considerated debt, and K (or P)is not...
But BONY is the trustee for the senior notes...maybe that's why...
I meant the K "could have" switched trustee
Just checked K, and the trustee was bony at least when it was issued...but they have switched to wells fargo just like the Hs
Wells Frago is the one that filed proof of claim for the Hs around end of March this year. I have Hs and received a letter from Wells Frago...
Let's assume that the P's trustee bank is not BONY, does that change anything in your recent DD?
Jay, I have a question for the trustee bank...
Back in 2008.10 the trustee bank for the Hs got changed to wells frago from bank of new york, one would think that it's possible wmi changed the trustee bank for all the perferred, if so, does that change anything in your DD?
That's why I never discuss investment ideas with my wife...we do discuss lots of other things...
5/13 court hearing...Notice of Agendar..
http://chapter11.epiqsystems.com/viewdocument.aspx?DocumentPk=fe8ec3f7-3454-4864-9043-764067eb9123
Not to mention all the humors going to the DDs...definitely made me LMAO all the time...GLTYA
Thanks again...and thanks for G. N ...and all the others too...
V.
Could you please explain this a bit more in details for the less sophisticated ones like myself...
Thanks
Hi Jay,
Have been reading your posts and enjoying the DD you have done on WAMU...I just want to clarify something about the $500 Million indemnity....the way I understand is that JPM will NOT have to pay before FDIC pays the first $500 Million, but will HAVE to fork in after that...is that not the case?
V.
Could you please explain this a bit more in details for the less sophisticated ones like myself...
Thanks
Or pay the ask price...with such a big spread for bid/ask...I am not sure that I want to do that either...
So this is what I did...I put four GTC orders to buy each of the L M N and Q, they are all still particially filled, but was able to get a few thousands here and there every day...the only issue is that commission is getting higher too...I just learned that everyday is a new start even for the GTC orders af far as commission is concerned..GLTY
go to http://chapter11.epiqsystems.com/
Select Lehman Brothers Holding, inc
Click case information
Next hearing data is May 13
http://chapter11.epiqsystems.com/clientdefault.aspx
M. and V.
Any luck on getting C/Ts today, I was only able to pick up 2900 Ls so far.
Also, in these sutiation, is GTC any better than Day order in your opinion? and is All or None any good?
Thanks,
Thought about that earlier, but decided not the chase...good luck for your shares...
no...I guess I will just have to wait for tomorrow..
I just put a bid for 10000 lhhmq @ .04 ( I think I got the tick right this time!)
For which one?
Good luck.
V.
I think you are correct about the capital trust, what I don't understand is why some had ten more time trading volume than the others if all four are essentially the same.
Also I noticed that yesterday there were some 1 x 1 for asks and bids, this's insane for penny stocks, even a volume of 100 still cost more for commission than the actual value, who would do that?
Thanks,
Thanks...what's your take on the preferreds?
Thanks a lot for the reply...
And...Yes, I do know the difference, thanks in part of your pervious postings...I just made a typo error...
I would think all the C.T.s are a steal at this level, right? They are seniorer to all the other perferreds but are currently cheaper/equal to the commons...Do you see any difference between K, L, M, and N...other than the recent trading volume...
Rgds...
Wanted to buy some lhhmq and ended up getting lehmq...good thing is only small volume...sigh...