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Interesting scenario...Everyone is so tight lipped that has been contacted..Imagine if word got out that in fact Lehman is trying to buy the CTs, then what would it take to buy them back and how high would the pps ascend???
I am not saying that would/ could happen, but certainly entertains a thought process.
Maybe the uplisting was in part done to create liquidity and therefore kick out alot of divis...Just a thought..
That would be grand.. I sure hope that happens..GL to you also dine...We have been here a long time and like you, I would sure like to retire..
You could very easily be the queen of all here when everything has been said and done...
Q coming off soon??
I will have to dig. I saw it as 6 but you are right it is 7.
Great..Indeed that is even a better scenario.Thanks again!
Hestheman..I found this a bit older but seems to reconfirm what you are saying about the ecaps being on par with US Lehman..Is this how you read this? I understand now that pari passu means "equal footing..
May 09, 2007 02:17 PM Eastern Daylight Time
Fitch Assigns
'A' to Lehman Brothers Holdings Capital Trust VII
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to Lehman Brothers Holdings Capital Trust VII, a special purpose subsidiary of Lehman Brothers Holdings Inc. (Lehman). Fitch currently rates Lehman at 'A+/F1+' with a Positive Rating Outlook.
Lehman has priced $1.5 billion of fixed and floating Mandatory Capital Advantaged Preferred Securities (MCAPS). Each MCAPS unit consists of a Lehman Brothers Holdings Capital Trust VII trust preferred security, and a contract obligating the holder to purchase new issue non-cumulative perpetual preferred stock by May 2013. Proceeds of the trust preferred issuance will be invested in subordinated notes that rank junior to Lehman's other subordinated notes currently outstanding, but rank pari passu with Lehman's existing $300 million of ECAPS-related subordinated debt due 2035.
The trust preferred securities will likely qualify for regulatory capital treatment under SEC Consolidated Supervised Entity (CSE) rules. The equity-like characteristics of the issue (e.g., loss absorption, ability to avoid cash payments, etc.) result in Fitch 'Class D' treatment (75% equity credit). When the MCAPS-related non-cumulative perpetual preferred stock is issued it may receive Fitch 'Class E' treatment (100% equity credit).
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts
Cotton.. I am long but there to my knowledge has never been a dividend payment within the POR last payment date...I don't see it now but what do you see??..
I guess I need to grab a coke and click and relax or something like that...................
I am biting my tongue to speak to you as I know political discussions are taboo.....Not going to say which side i agree with here, but may give a hint by saying we are wrong currently..Been reading some of your posts recently and appreciate you based off them Hunter
I agree LORTAP and posted the same...This is essentially being traded by retail now...No biggie..It appears 2-3 astute posters are second guessing their sells now and wanting to buy at .40....Think about it as this hit approx .70 several years ago and then dived....What kind of gain is .03 -.05 to .70...I see .70 as a bit of minor resist..
.50 with a sudden gap to a dollar.....................
I could be wrong though. $5.00 is my magical number ..Been thrown into the coals for that, lol...
Been looking at a few condos in Florida...Feeling pretty confident..BTW.. Been holding 4 years and still buying..
I have been testing these shares a bit and notice that when I place a small bid on the ask (200-300) it fills. If I put a several K bid at the ask it fills zero and the ask jumps...
I placed a bid early a.m. and it filled lower and I got none...These are hard to buy....IMO, $1.00 buy next Friday....
A major award....I want a gold plated leg lamp to put in my front window..
Oh but the big players are already in...Barclays holds the majority. The fact that none of the "larges" are selling is confirmation, imo, that there is an expected larger payday on the horizon...It is actually a bit comforting to see this go up bit by bit on lower volume...
I guess what you are saying is if another larger buyer steps in it would skyrocket..That could happen as well..Right?!?!
51k bid on L creeping up.
Barclays has the biggest stake with JPM 2nd.....That is fact my friend.
This should and will be a $5.00 stock soon...
Don't understand what you are saying about the UFOs, but numbers tell a story and give the bottom line. The only thing above numbers in our universe is the law..That is more important now..You and everyone have to agree 1+1 in the real world should =2, but lawyers and rules bend that...
If Lehman emerges, which seems evident, by law 1+1=3 with the cockroaches being the 3rd..
I am relaxing with all my shares and enjoying the sparring here....There are a few hurdles to be cleared here for sure but don't you just sense that:
1. This is end game and who doesn't want a part of the biggest BK in history?
2.Though it doesn't matter what the pps is before the "end". Some of the recent bashing is silent as it pertains to JPM and institutionals selling..LOL...I must be missing any selling volume...
3..There is going to be a nice payout to all waded throught all the BK BS and read between the lines..Thanks to all of you my Lemanite friends who have dug and fought and believed..
What's going on. Cannot even buy at .70?
Stock halt?? Cannot seem to buy at any price.
Some to be bought around .50..Not sure how long it will last...Such low volume trading makes one choose sides: retail is trading shares, yet with some asks being in the multidollar ranges, large institutionals have the majority locked up....
Conspiracy theorys, bashers and pumpers, lol...
Decide which...I am hanging on..
Heck yes...This is a great speculative play, imo that should offer some nice rewards...This is the biggest, most beaten down BK in history..Only a few small blocks knocked this Jinga game down and now the pieces are being picked up..Where did all that money go???
Finish the POR and then we will see......
Thanks for you email..I would say if he knew the answer it wouldn't be answered. Chances are one day the Veil will suddenly be pulled away. Til then no reliable hints.
It is in some old filings. I haven't looked them up..Better yet we know Barclays own a very large amount..Barclays has a huge stake in the CTs from some of the board's previous DD.
Could be retail is actually selling a few to JPM...Chickens coming home to roost..
With JPM holding quite a few CTs, it would be of interest for them to see this qualify for uplisting. This seems headed for a dollar plus soon from action seen...Agreed we haven't seen any dumping..I have seen a premarket bid show up, though which you never see on a pink..
That explains a lot..iq84 as a favorite book of yours..
Intelligence Interval Cognitive Designation
40 - 54 Severely challenged (Less than 1% of test takers)
55 - 69 Challenged (2.3% of test takers)
70 - 84 Below average
85 - 114 Average (68% of test takers)
115 - 129 Above average
130 - 144 Gifted (2.3% of test takers)
145 - 159 Genius (Less than 1% of test takers)
160 - 175 Extraordinary genius
This guy obviously knows little to nothing about BK..Even in that post he mentions fear of dilution..What??? I am now convinced he never shorted in the first place..From some recent posts, he obviously doesn't even understand what that means..Seems to be a small investor who made a nickel and now wants to buy back cheaper, imo..
Just calling it the way it appears..
If your time is worth anything then you are losing each day...You spend more time on this board than those who hold shares..If I had sold I would move on to find something else..
You must be very wealthy to say you will buy back possibly at $25.00..I am not rich like you but have a good chance to be in the end..At least I can sleep well at night knowing I feel comfortable with my position good or bad. Most is seems feel the same...
You know the DD...If these go down you can only lose .50-.60, but if they go up it is possible to hit multiple thousands of times into dollar ranges..Which side do you want to be on?
Exactly, and if I were short the way the one poster says from .30..I would run to cover at a 100% loss and feel I came away a winner..
Think about that $10.00-$11.00 share flash Friday that lasted for 2 hours...Shares are thin and this is the largest BK in history..Wish I would have spent 40k when Ford hit a dollar because now I would be a millionare..No different here, imo..
Some things you just have to believe in..I see no selling taking place, which means this will move up...Speculative yes but certain things hint to a nice recovery for those willing to believe..
Got to pay to play.....With people not getting filled above the ask of .60, what should they wait for ??? If you go by the longterm chart you will pay at least .50...
The fences are heavy here with bidders and observers. The first hint of any good news will be another case of a day late to buy as too many insiders will have already bought and any settlement will be a halt to buy...
You are a short seller sweating like a pig next to a Peruvian Volcano..Basically, you may as well say that these will hit zero instead of the sub zero points that you will buy back .. So far you have missed all predictions and sold at .10-.15 against sound DD..You bragged to the board you would buy them again at .08....Thanks for your shares...
Cannot understand much of what you say, but if you think there will be a court date between LEH and JPM that is even more laughable...Look at all of the out of court settlements in the past..Besides, there is no suit even on the dockets, another proof you are desperate and making up lies..
Please give more information or cover your short and move ahead with the majority of sound minded individuals...No offense but "sound minded" is another way of saying people who have a brain...
Also, not everyone is holding for a full RV of 25.00 and divis...I am hoping for less but may wake up one morning and have the full amount in my account..It then will be paid in part by your short..
Lock down float candidate here, but really without much short interest it will not climb as much as predicted.. The end game is more exciting, imo..
That makes no sense what you say..
I am most curious as to when you have to cover your short position you said you took at .30??