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Thanks toogood, I guess it's making a bit more sense now.
If these $2500 Class Depository Share are similar to an ADR (American Depository Share) then they are tied to securities in a foreign country (perhaps LBIE in the UK)?
Is it possible the LEHJQ traditional preferred shares are then connected to the now solvent LBIE?
Sorry to beat a dead horse then, but if you guys are talking about the LEHJQ shares that are the traditional preferred shares that used to trade on the open market...they are $25 per and there were 66M shares issued.
I own, or at least have the OBS placeholder for, many thousands of the LEHJQ shares, and I know for a fact they aren't $2500 each.
But maybe you're talking about a different type of "J" share, that were never on the open market???
With that said though, I did see this description on the LEHJQ board page:
Lehman Brothers Holdings Inc. 7.95% Non-Cumulative Perpetual Preferred Series "J"
Class Depository Receipts - Representing 1/100th Perp Pfd Series J
Maybe the underlying Perp Pfd series is $2500 but the J's that traded on the market are just $25???
Too good, you had mentioned in an earlier post:
"SWISS!! THE J RESERVE WORTH 60 BIG B’s"
I'm just not following how you can get $60B from 17m or even 25m J shares, when the FV for J's is $25.
So if J's are $25 FV, how do you get $60B?
17m x $25 = $425m
Bought a few hundred shares here just in case it runs...
Got out a few days ago with a small profit. Light in ATER, HEAVY in VIH still.
Next HOD should kick it into a higher gear. I see 15s possible today!
I'm back in with only about 360 shares at 11.50 or so. Definitely liking the ater action today!
Best of luck on all your picks, especially VIH! :)
Crazy day for sure! I sold my kplt for a small profit and rolled it into some more ater around $12.9 or so. Maybe it will rebound tomorrow. But nice to see a green VIH in all the chaos!
Something's going on with VIH now...
VIH being front loaded here?
Looking good! Great day here and with ATER! Can't wait for my VIH to take off!
Think it'll fly once it breaks 7?
Just added 500 shares here, ready to roll with you guys!
Wondering if folks are selling #2 K* to buy here??
Saw your PM after my post here, funny timing!
What a great call on ATER. Picked up a few hundred more shs at the open today! Thanks again for the suggestion. Hopefully VIH will be soon, but looking to buy some KPLT next. Thanks also to the Master of Disaster!
I appreciate that good word! I'd love to get back to the point of having 5-6 positions that I'm constantly moving in and out of. I just went a bit nuts accumulating these warrants. Hopefully I can let some go as the bids come in over the next few weeks.
Have a great weekend!
Awesome, I'm nearly all in with VIH warrants, and can't wait to spread the profits into some of these other tickers. Took a starter with ATER yesterday. Thanks and best of luck!
I really do believe VIH is ready for takeoff in the next few days. Did buy a bit of the other one today. Maybe I'll buy some more tomorrow too.
Great call on the other ticker! Should have sold off some of my VIHAW to buy some, but oh well. Rootin for ya!
I'm probably overloaded with the VIHAW warrants, but can't make myself start unloading any yet. Not disciplined enough and get too attached to a stock I believe in!
Thanks for the PM, I don't have the premium subscription to where I can respond. I've been watching it for the last hour or so. It does look ready for sure!
The link worked great, thanks!!!
What's the easiest way to see the # of short shares available?
Been accumulating VIHAW warrants since the beginning of Jan and have over 97k right now. Still a bit under water, but can't wait to see what happens tomorrow with them!
FCNCA gonna bust out again today! I'd love to see some sort of confirmation of our share conversion!
I'd love to see FCNCA hit ATH today, but not nearly as much I'd like confirmation we own those shares to begin with!
$883.06 +$15.85
Was that signing of the Abandonment order the last hurdle before any potential payout(s)?
When I read about the "final" distribution in October, I remember it sounding more like if the creditor wants that payout, it will be "their" final payout. Not that it will be the last distribution for all creditors.
Is that not the case?
I have 3 TDA accounts, one is a 401K, one is Roth, and one is a personal trading account. I have all my UWBKQ escrow divided evenly between my Roth and 401K. I did get a notice to verify my contact info for my personal trading account, but not the other two. So, could just be a coincidence.
The fudge is rising like a backed up toilet! Am I really going to be the proud owner of nearly 600 shares in a few weeks?
Would you want to consider putting the 2 stickies on the other 3 CT boards just in case some folks only hold those shares, and don't follow this board?
I don't post here much any more, but I also joined the lawsuit.
I got the notice from TDA, and then did a google search and found the info about accelerated redemptions from a Schwab website.
Also got the notice today and did a search on ETN accelerated redemption.
This was from a Schwab web page:
https://www.schwab.com/resource-center/insights/content/exchange-traded-notes-the-facts-and-the-risks
"Closure risk: There are multiple ways for an issuer to effectively close an ETN. An issuer may call the note (also known as "accelerated redemption") by returning the value of the note less fees. However, not all ETNs have terms in their prospectuses or pricing supplements which allow for accelerated redemption. "
Notice it said "value" instead of "current value". IMO that means $25 per and not the current trading value! The context of what is being said is face value and no reference to trading value is mentioned.
Thanks LG and swami for the compiled info. I guess we'll know as early as tomorrow if we're tied to the USB paper. Sure do hope to see some sort of divi payment show up in my account!
Wonder how ol Fred is doing, I hope well!
Interesting, I'm not sure then.
Marcomts put him in IHUB timeout until the beginning of March I believe.
Maybe the conversation when Freddy returns will then be about the massive deposits that were just made on Mar 1st!!!???