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News out! They bought into a company that is/was owned by one of their execs? Or a guy with the same name?….
Great community support. Thanks
Looks like C and J.
Crap did I sell my Ps?!? I used to have 5k Ps from probably ‘09.
524esc704
525esc711
Been so long I don’t even remember
What these are haha
These are ones listed under the CUSIPS I think maybe my Js and Ps? Or Cs and Ps.
E*TRADE from Morgan Stanley values you as a client and is committed to providing you with important information about your account(s).
What you need to know
Our records indicate that you hold the below-referenced security, which the Depository Trust Company (DTC) has classified as non-transferable.* As a result, effective 30 days from the date of this letter, your positions will be removed from your account.
Account: XXXX-xxxx
Security: DPS LEHMAN BROTHERS HLDGS RR ESCROW CUSIP
Quantity: <<i removed this info
Additional information
The removal of the security will be displayed as “PREM Removal” under the Transaction History in your account statement. Please consult a tax advisor regarding any tax consequences.
Since there is no transfer agent for this security, we are unable to register and deliver a physical stock certificate to you. If your account remains open and we become aware of active transfer agent services for this security in the future, we will attempt to reinstate your position. If your account is closed, we will attempt to contact you at your last known address.
Please retain a copy of this notification for your records.
*Non-transferable securities are securities of issuers that have not employed the services of a transfer agent for six years or longer, often due to inactivity or insolvency, which the DTC has deemed eligible for its Position Removal Program (PREM). As outlined in the E*TRADE Customer Agreement, E*TRADE reserves the right to remove shares of non-transferable securities from your account, or charge a servicing fee to carry such positions on your behalf, at its discretion.
Anyone else get an email today?! E*trade emailed me about my non-transferable securities…. Curious if anyone else got them. I JUST received it less than 5 minutes ago from E*Trade
Is there any platform in the US that allows you to buy? I’m ready to double down haha
Random question….. in the event that we get 0…. Does that mean we have a loss on taxes for face value or would it still just be what we paid?
I bought these and WaMu in 2008/2009. I am a gambler not really a trader haha
Received this email today:
Thank you for your inquiry about LEHNQ.
The LEHNQ trust preferred securities were not issued by Lehman Brothers Holdings Inc., and the claims with respect to such securities were filed by BNY Mellon, as trustee. The BNY Mellon trust preferred claims were treated under the LBHI bankruptcy Plan as subordinated notes claims. There is no distribution under the Plan with respect to any subordinated notes claim. For more information on these securities, please contact BNY Mellon. For more information, including a link to the LBHI bankruptcy Plan, please see www.lehman-docket.com.
Sincerely,
Claire Leonard
Claire Leonard
Lehman Brothers Holdings Inc.
110 East 42nd Street, Suite 820-8th Floor
New York, NY 10017
(646) 285-9361
Claire.Leonard@lehmanholdings.com
Received this email today:
Thank you for your inquiry about LEHNQ.
The LEHNQ trust preferred securities were not issued by Lehman Brothers Holdings Inc., and the claims with respect to such securities were filed by BNY Mellon, as trustee. The BNY Mellon trust preferred claims were treated under the LBHI bankruptcy Plan as subordinated notes claims. There is no distribution under the Plan with respect to any subordinated notes claim. For more information on these securities, please contact BNY Mellon. For more information, including a link to the LBHI bankruptcy Plan, please see www.lehman-docket.com.
Sincerely,
Claire Leonard
Claire Leonard
Lehman Brothers Holdings Inc.
110 East 42nd Street, Suite 820-8th Floor
New York, NY 10017
(646) 285-9361
Claire.Leonard@lehmanholdings.com
Are there any trading platforms that allow purchase orders of CE stocks?
Crap stock. Buy lehnq
Why is this running now?
Anyone else get an email from E*TRADE about caveat emptor..
Has anyone checked tyco reports to see if they have this litigation disclosed?
Needed to take out my position. Still have a few for the moon.
I used to have 200 but got caught with my pants down when it went gray ?? flipping it
20 at $111
Just sold $20 at $111
That would be ggglllooorrriiiooouuussss
Sweet wasn’t sure what the catalyst was. Momentum stopped the last run when they went to the greys. That doesn’t seem to be an issue now....early run though for a November court date too
Is this off the greys yet? Woke up to nice awakening of what I thought was a bag I was holding until November haha. What jumpstarted this beast again?
Is back interest paid from the date you purchased or back to the quarter after it was last paid?
I.e. if I bought in 2019 would it go back to 2008?
I’ve had some since ‘08/‘09 and then scooped some up a few years ago.
Tried to sell a few times but never went through. I have my shares on E*TRADE. Is this not able to be sold since it’s on the greys?
Did they get the share structure under control? If not idk how that could happen. I’ve been stuck with shares since the last run.
Hope you are right! I’d pocket a few hundred thousand and not have to pay cap gains!
GL
I won’t lie.... really hope this goes down and gets some good sells I need to load up.
Got caught with my pants down on the last run... 150 shares at $1.70 avg. sold at $57. Tried to trade the chart on the daily pull back at $40. Boom - froze, couldn’t trade then gray sheets. I just want my shares back haha
GLTA. Feeling good in the SECI long play
No clue. I was just checking my bags figured I’d drop by haha. I really liked this one and the restricted cash. Thought it would go somewhere then it fizzled and now I sit on shares waiting for the next run haha
Anyone poked this with a stick yet? Is it dead? I’ve been sitting on a few million shares for I think 2 years.
I’ll just plan on a poor mans Vegas trip then. Haha maybe I’ll get lucky and we get good news so I can have surf and turf instead of hot pockets ??
That sounds good for us.... sooo I should book my Vegas tickets then.. haha
When is the next dist?
I think you can also sign a note with the company and ‘loan’ them money.
Do we need to file something?!
Luckily I was in sub $2 originally sold at $28 and $57 but thought it was just following its daily pattern and put a bunch of profits in at $42.... and well... it didn’t work out haha. Thanks for the response. I will be doubling down on this at these prices.
GLTA
What’s the next date we are looking for? I’m in at $42 and it’s not going well ??
Question: first off I hold shares and went through the wild swings... bought st $1 rode to $30 and sold.... only to buy back in at what I thought was the bottom at $40 for us to be here now....
Anyway - if this lawsuit had any validity wouldn’t the defendants need to disclose on their 10k? A while back I looked and couldn’t find anything related to this... however in that section I did notice names from this lawsuit being involved in other litigations disclosed on the 10k
I’m still Accumulating where I can!
Tia and glta
What is the current B/A? Is there anyone to tell on greys?
What’s the next big date?
Are we rich yet?!? Haha