Lehman Brothers Financial SA (LEHNQ)

[real777mellon]

Pinny, in the instance of the less trading - I think this is a case of worldwide lack of understanding why. And lack of willingness to even begin looking.

But illiquid is fine. It could very well be this illiquid similar to the reason Freddie Mac securities became unacceptable as collateral from the Repo 105 bank counterparties of LBIE in the UK as summer 2008 came. Freddie was putting alot of subprimes in their MBS and it caught up to them in public knowledge and esp banks with their own inv banking operations. However markets recover, and liquidity is just an understanding and confidence in a certain company's assets or type of asset etc. I think illiquidity is what makes this so worth the wait - it's cheap. You also have to understand the value is immense. It's a long process that has many reasons. I will leave it at that. But it's liquidity means nothing.