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.
I thought I was grasping at straws when I found the ticker ASN yesterday, (post #17855), a lil' DD never hurt anyone I suppose, let's see hoe our "escrow" accounts turn out, Curtis and Jill.....additional info on hedge fund manager Sean Michael Mueller, not so good :( but shows John Elway and R. Scot Sellers, CEO of Archstone had interest in this, 2 year old article I might add, it looks like we are running with a "rough" crowd... http://www.bizjournals.com/denver/stories/2010/10/11/daily24.html
Good to see you, glad you made it, thought I was grasping at straws when I found the ticker ASN yesterday, a lil' DD never hurt anyone I suppose, let's see hoe our "escrow" accounts turn out, Curtis and Jill.....additional info on hedge fund manager Sean Michael Mueller, not so good :(, but shows John Elway and R. Scot Sellers, CEO of Archstone had interest in this, 2 year old article I might add, it looks like we are running with a "rough" crowd... http://www.bizjournals.com/denver/stories/2010/10/11/daily24.html
Thanks, and nice find, EOM
Haven't seen this until today....ticker ASN..."Lehman Brothers Holdings has made a filing with the SEC to raise about $3.45 billion for Archstone, an apartment REIT. The company will be listed on the NYSE under the sticker “ASN,’ and lead underwriters include JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C)."
http://investorplace.com/ipo-playbook/archstone-building-a-massive-reit-offering/ REIT IPO coming soon, ASN formerly ticker for Archstone? From Wikipedia, the free encyclopediaJump to: navigation, search ASN may refer to:
From Wikipedia, the free encyclopediaJump to: navigation, search ASN may refer to:
Organisations:
ASN Bank in the Netherlands
ASN in Brookline/Boston, MA
American Society of Nephrology
American Society for Neurochemistry
American Society of Neuroimaging
American Society for Nutrition
Archstone (former ticker symbol), a United States real estate investment trust
Toogood, me too, tax me this year please! I dont want to see what next years outcome might be for us? 2012 taxes would be fine with us, g'nite.
Thx Viva, you always make me giggle. I have been following your posts since WAMPQ (parlay). Hard to fire them when youre not sure if you can or can not get youre shares that are "locked" up in an escrow transferred to another broker, they are ABSOLUTELY zero help here in Arkansas, as you said, they have NO vision here, thx again, Curtis.
CAT, my brokers are Arvest Bank (Arkansas, owned by Walmart) and Commerce Bank, both have told me I could sell to show a loss for tax purposes. I'm still very unclear to this type of trading and very new to this. Thanks for asking and hope I didnt mislead you in my original question. Curtis
Cotton, is this the answer to my post #17571? If so, maybe we are "ritarded" :(
In laymen's terms, and have asked before, what could happen to our 146,000 shares of LEHJQ, now owning 1 share each with two seperate brokers and in an escrow? Both brokers are encouraging us to liquidate/sell and take the loss this year. I'm trying to explain what we've read here since March, all they want to do is look at us "dumbfounded" like we are "ritarded". Afraid to sell and not be able to repurchase the amount of shares we have in escrow, even though they have been a lumped together as 1 share, which quite honestly I don't understand as well. Only two plays have I ever made in my life, and Lehmans amd WaMU were the two I chose after 08', amazing :)and YES WaMU was quite rewarding, and it was NOT with the commons(k's, p's, and h's) ...tia, Curtis.
this is what I read...."and if you would like to purchase any of it—a real estate property, say, or part of a private equity deal—its lawyers and traders will gladly take your business. Each transaction they complete moves the firm one step closer to shutting its doors for good, sometime around 2017. If Lehman Brothers is alive, then it is living on borrowed time."....still holding 146,000 "j's", Curtis :(
FWIW, we got our letter yesterday, EOM.
So, when we read .18 on the dollar, what series do they refer to? If I hold 146K J's, do we interpret .18 X's $25.00 which is equivalent to $4.50 a share? NOW they are in an escrow and who knows how they will be converted, WMIH commons were 1 to 3, P's were 19 to 1, I forgot what K's received, what a mess in my opinion. Lehman had 3 times as many series as WMIH, does anyone have an opinion on what they may prosper on J's someday. WMIH at least had a value as soon as their "newco" was released. I look forward to a day when I own a stock without a "Q" behind their symbol regardless of their value :)
QUESTION FOR BOARD, havent kept up to speed with this stock since I sold and bought into Lehman, but since you've been discharged, about how long did it take to go from a "Q" stock to "newco"(wmih) and were your shares at any level and time put into an escrow for a period of time like Lehman now, TIA and holding 146k j-series.
STILL HOLDING 146K J'S MYSELF, HOLDING MY BREATH AS WELL, GLTA, CURTIS
We only own J-series here, obviously this is the most watched board for now. I visit daily to read conversations. Any other "J's" lurking here as well? Still in escrow, and wondering if we will see any recovery as well, near as I can tell nothing is a given in any series with lehman, and only speculation on all, CT's included. Just wanting clarity that J's are at least NOT dead just yet and waiting for a "newco" to arrive here and transfer my lil' J's into another account/ticker? TIA, Curtis and Jill in Missouri, Go Razorbacks :)
I realize old shares are in escrow, but watching wamu case and seeing their shares converted, is that what might happen here, my broker knows nothing here in Arkansas(Arvest Bank), had 146k J's at time escrow was set up,....
example from another board, Conversion Ratios - Old Equity into WMI Holdings Commons
It depends on what you held. If you held commons (WAMUQ), Preferreds (WAMPQ and WAMKQ), as to the conversion ratios.
The "announcement" is below...
But the summary is this:
Commons, WAMUQ = 1 old share = 0.03349842 new shares - WMIH ticker, commons
Preferreds, WAMKQ {called Series K below} = 1 old share = 0.4950146 new shares - WMIH ticker, commons
Preferreds, WAMPQ {Called Series R below} = 1 old share = 19.80058 new shares - WMIH ticker, commons
Keep in mind, that there are 200,000,000 "New" WMIH commons... so while you may have ended up with "less shares" it's also a much smaller "pool" of shares.
Additionally, existing Preferreds are no longer "preferred" in the new company -- everything got converted, at differing ratios, into WMIH commons.
*ALSO* You should have an additional "security {escrow}" that "equals" to the number of shares pre-conversion. This is for any "Liquidation/Litigation" proceeds -- well down the line -- that may flow into pre-conversion holders accounts. This escrow is for tracking, it will be ZERO for a long time.
Too late, imo, eom.... they better hope they are in the "plan" already.
Could this at least turn out anything like WMIH(wash mutual)? Could I actualy get to own shares in an organization without having a "Q" behind the symbol? Who knows, still holding 146k "J's" in escrow apparently...they reissued newco at $1.00 for a bit, I'd be good with that. Still worried about them cancelling the whole ball of wax(my shares) :(
LEHMAN BROS.HLDG 7.95% NON-CUM PERP PFD ESCROW CALL STARTING 2/15/2013....Well both my brokers have verified cusip changes today,(525esc711), and that they are indeed in an escrow account, still advising a loss however, understandable. I still haven't filed for litigation settlement(class action) here, is this a must, or only if we think we will NOT see some type of settlement in the future? Sorry for being "uneducated" here, but trying to protect what is left, if anything.
Guys/Gals, I'm not worried about past divis, but now that we are in an escrow, my understanding, what happens? Will we just see a check in the mail if things go our way? Or, do we get a different "symbol" some day? Did I need to file something additional before some time frame/delisting? Holding 145K shares and brokers in Arkansas dont know anything here, they say right it off! :( tia, Curtis
wrong board, sorry, meant for J's....I'm not worried about past divis, but now that we are in an escrow, my understanding, what happens? Will we just see a check in the mail if things go our way? Or, do we get a different "symbol" some day? Did I need to file something additional before some time frame/delisting? Holding 145K shares and brokers in Arkansas dont know anything here, they say right it off! :( tia, Curtis
It actually amazes me the amount of knowledge on this board. It also amazes me on how much our Brokeres DONT know on how to handle/advise this delisting. However, do we, as preferred shareholders need to do ANYTHING to try to salvage this investment, or just wait for a decision while our share/shares are locked up in an escrow? If we dont file something will we be out completely if we dont react? I found this attachment on yahoo and it is bugging me a bit, granted it is referring to commons, but what about us(J's), holding 146,175 or 1 not sure anymore, brokerage acccount on my 2 websites still says 146,175? TIA, Curtis...... http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=266577&mid=266611&tof=3&rt=2&frt=1&off=1
It actually amazes me the amount of knowledge on this board. It also amazes me on how much our Brokeres DONT know on how to handle/advise this delisting. However, do we, as preferred shareholders need to do ANYTHING to try to salvage this investment, or just wait for a decision while our share/shares are locked up in an escrow? If we dont file something will we be out completely if we dont react? I found this attachment on yahoo and it is bugging me a bit, granted it is referring to commons, but what about us, holding 146,175 or 1 not sure anymore, brokerage acccount on my 2 websites still says 146,175? TIA, Curtis...... http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=266577&mid=266611&tof=3&rt=2&frt=1&off=1
Are C/Ts the only ones getting corrected/re-listed? Is there no word on preferreds still? J's specifically? TIA, Curtis.
Well, I see alot of excitement here today, in CT's mostly. Holding only J's myself, has anyone seen any mistakes in J's being delisted thus far? tia, Curtis.....(FYI, my brokers, Arvest and Commerce Bank, have NO idea what is going on and have advised me to write this one off, however they told me not to purchase them 2-3 years ago as well)
DNOTO, holding 146,175 to the end, is this the END? I'm not quite clear on "at this point." Will these be re-issued in LAMCO shares or something else I'm missing? What is a lockdown? What is the difference in being halted? tia, Curtis.
Just FYI, I BOUGHT AFTER, however we got two letters last month pertaining to this. I assume 2 letters because we have to seperate brokers (commerce bank and arvest bank, both in Missouri)....Curtis.
Not sure about that, but if I had wanted to purchase commons, I would have purchased commons :(
WELL MAYBE, just maybe we will finally out run commons :)
Still "roaming" the halls here like in the 80's, listening to Lief Garrett, The Jackson 5, and the Osmands, oh wait, that was the 70's, maybe Lehjq "Was made for DANCING..."OLD SCHOOL" ....
Halted or cancelled? If halted, why? Overwhelming volume or spike in price? :)
EXIT PLAN APPROVED and we go down, amazing.....http://www.cnbc.com/id/45569882/Lehman_Brothers_Wins_Court_Approval_to_Exit_Bankruptcy
Bought some "dinars"(IRAQI MONEY) today, what the heck, sounds all good to me. Free nation, distressed, 80% debt free, OWN 25-35% of the world's oil, TRYING TO DISCHARGE THEIR CHPT 7, etc etc. OUR boys will be home by Christmas and only 9k still left there. We'll see, still holding my lil' J birds here and holding obviously LONG for who knows how much longer, Curtis.
I FOUND THIS PART INTERESTING..."Lehman is in the process of offloading its real estate assets to pay back its creditors. Real estate sales are expected to bring in $13.2 billion by the end of 2014, according to other Lehman court filings."
:0) amazing what $18 worth of trading will do, still frustrated, here until the end. Didn't look like "they" found any additional shares to sell us at those wonderful levels yesterday however! Curtis/Jill.
-90.00%...Good grief, can we go any lower on such "high" volume? "All or none" is becoming a reality here, :(
I'm still new to all of this, even though we have been following this since 08'. What does this mean on the LEHMQ board?...."LEHMQ B/C OF NSS COVERING" tia, Curtis/Jill....stop losses at these levels, no just typical manipulation I guess, unless "they" are just after additional shares?
NO Dnoto, I was trying to purchase with a bonus from last month at work, hit the ask but none to be found. Just an experiment, sorry for confusing post, Curtis. (Still holding 145k)
125k in at the ask(.024), no takers, not suprised however, Curtis.
LOVELY....EOM.
We've got to pay those lawyers somehow, EOM.
ARGUS, OBVIOUSLY THE MARKET COULD CARE LESS, ARE WE DEFINING OURSELVES AS CUSTOMERS? STILL HOLDING 146K OF THESE LIL' GUYS. TIA, CURTIS AND JILL.