Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>CT's are a debt with preferred stock interest. <<

The CTs have NO preferred stock interest. Read the prospectus. There are no conversion rights to preferred shares. And why would anyone want to convert with the traditional preferreds being lower ranked. If the CTs are not satisfied as a debt instrument, there is no way they will see a recovery as a preferred.

Here is the link. I have no problem sharing links when requested. That makes it that we both are looking at the same information and that it can be read in context. That is what adults with character and integrity do. They don't emulate the bad behavior of the worst because they think it popular.
https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm