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I may have missed the explanation before but Why exactly are commons trading 3x the J's?
ROFL @ THE CLOSE.
SICK DAY -
Why is it that ct's have their distribution allocated to class 3 in the event of chapter 11 but receive a distribution in the event of a chapter 7?
are you getting an open tab error>?
I just glanced over it but to me it looks like under chapter 11, class 9 might fair better than 5 (ct's) but under chapter 7 ct's might fair better. I could be totally wrong though.
AHA Makes sense now. Thats why I never recieved a claim form for my H ct's.
Who misinformed you that LEHJQ is class 5 ...
As it stands now. correct
.10 ON THE BID
{{{OUCH!!!}}}
{{{OUCH!!!}}}
CT's get paid only if Senior and general unsecured creditors are paid in full or satisfied.
No mention of Equity or Subordinate notes probably sums it up.
I don't know what if that % is for the claims or of assets.
edit:
Never mind it says claims
We'll have to see how the market reacts.
Lehman’s unsecured creditors could recover between 15 and 27
percent of their claims while certain secured creditors could be
paid in full.
General unsecured creditors of Lehman’s parent company would
receive 14.7 percent while general unsecured creditors of Lehman
Brothers Special Financing unit, which holds many of its
derivatives positions, are expected to recover about 24
percent.
Unsecured creditors of Lehman’s Commodity Services unit
which holds commodities positions, could recover about 26.8
percent of their claims.
Not sure where subordinate fits in.
http://www.reuters.com/article/idUSTRE63E0KF20100415
YAY ABK
Therefore, ACDU made the decision to sell its Capital Trust shares on the open market at a loss of approximately 10% from its original investment. The company liquidated all of its Capital Trust shares on March 29 and March 30, 2010, and realized approximately $72,000.00 in cash.
LOL
profit-taking
Definition:
The action taken by investors to sell when prices are rising in order to secure gains.
Not a creature was stirring. Not even a mouse.
Pretty Erie
lol wtf is going on. I had written this off.
Sounds Logical, provided any damages are awarded within the next couple years.
well. there is a court hearing tomorrow. March 17th
EDIT:
"Priority Tax Claims, Allowed Priority Non-Tax Claims and Allowed Secured Claims".
Not
"Subordinate Unsecured Claims" = subordinate unsecured notes = CT
Newsflash, preferds are almost half the prices of common ...
And if there are shares given to equity where does that leave CT's.
Agreed Faust I too had orders in and will only get small partial fills
Assuming Creditors accept the plan.
from the article
Secured, administrative and priority creditors would be paid in full under the proposed plan, while general unsecured claims, direct intercompany claims and guarantee claims would in part be satisfied by some "pro rata" cash distributions. Stockholders would receive nothing and their shares would be canceled.
Same thing they did with WAMUQ last week.Fool me once shame on you, fool me twice shame on me.
Taken from the 8k filed today:
(a) Impairment and Voting . LBHI Class 5 is impaired by the Plan. Each holder of an Allowed Subordinated Unsecured Claim in LBHI Class 5 is deemed to have rejected the Plan and is not entitled to vote to accept or reject the Plan.
4.5 LBHI Class 5 — Subordinated Unsecured Claims against LBHI .
(a) Impairment and Voting . LBHI Class 5 is impaired by the Plan. Each holder of an Allowed Subordinated Unsecured Claim in LBHI Class 5 is deemed to have rejected the Plan and is not entitled to vote to accept or reject the Plan.
(b) Distributions . Holders of Allowed Subordinated Unsecured Claims against LBHI shall not receive any Distributions on account of such Subordinated Unsecured Claims unless and until all holders of Allowed Senior Unsecured Claims are fully satisfied in the Allowed amount of such Senior Unsecured Claims, in which case each holder of an Allowed Subordinated Unsecured Claim shall receive its Pro Rata Share of Available Cash from LBHI
2,000 premarket on LEHMQ. MM Signals again wink wink
Looks like Frankfurt is happy with the plan.
Big Gapper over there today and it was up 30%+ on triple average volume.
Prev Close: 0.079
Open: 0.089
Bid: 0.096
Ask: 0.098
Day's Range: 0.088 - 0.106
Volume: 5,315,295
Avg Vol (3m): 1,730,680
http://finance.yahoo.com/q?s=LEM.F
Wow, Looks like things are getting a little tense.
Does anyone think that the PPS today will directly reflect the reorg plan assuming it is favorable? Will there still be "cheapies available"?
Good Luck to all
I got filled across all four caps today .25 - .28 and only small fills a few thousand here a few thousand there. I was bidding higher too.
I'm not sure about LHHMQ anymore. When I search Ameritrade and Scottrade the description comes up as prefered but when you check the others LEHKQ LEHLQ and LEHNQ it says Cap trust. That and the fact that No Claim forms were mailed for LHHMQ makes me think that it will not be considered Capital Trust. These are the least of my holdings anyway so...
130 million in claims is what at this level? a half a million shares of trust at face? So if they payed ask its about a quarter million dollars they spent.
It's funny to see people get excited over the 0.0002 pop, this has been happening for a year ...
On Occasion I've seen it go to .002 Intraday.. And actually one day a poster here got a sale at .002 but later received an email from his broker stating it was a Market error and they gave him his shares back.
Nothing new here.