Lehman Brothers Financial SA (LEHNQ)

[chaylea]

I'm just exhausted here, my question was, "Joe, better late the never? LEHJQ, 525ESC711 AND LEHCQ, 524esc704. We are still holding our breath in Arkansas, thanks....his reply....
"Curtis,
I can confirm that these CUSIPs are not expected to receive a recovery under the bankruptcy plan.
Thanks",
Joe Arena
Supervisor, Solicitation Services
Epiq Systems
Bankruptcy Solutions
Phone: [phone]
MY REPLY, "Joe, I understand, but for the life of me I can not understand why the OBS was needed and these shares put in an escrow as opposed to just being delisted and tossed aside if there is not a plan for them?".....his reply, "Curtis,
The positions were placed in escrow because there is a theoretical possibility of a recovery, although it is very unlikely. Because the equity interests have the lowest priority to payment under the Bankruptcy plan, they cannot confirm what they will receive a payment until distributions to all creditors with a higher priority are complete"

Thanks,
Joe Arena
Supervisor, Solicitation Services
Epiq Systems
Bankruptcy Solutions
Phone: [phone]
IS IT DEAD OR NOT TO BE DEAD, I DONT OWN CT'S, this was only for J's and C's, just frustrated watching all these days after WAMU has come and gone so much quicker IMO, thanks for listening, Curtis in Arkansas.