Lehman Brothers Holdings Inc. (fka LEHMQ)

[martingale]

Excellent post and thanks for your efforts sir. I have followed the story from the beginning and I too lost out by buying in on Friday and then when the deal failed to materialize the ceiling fell in. I had been confident there would be something negoatated over the weekend.

Then I bought more shares yesterday to see if anything would
have with the BK filing. It has been becoming clear to me that they are selling their prize assets at bargain prices and essentially destroying the book value of their assets day by
day. Now they are cutting loose perhaps their best asset in
Newburger. In my view they are going to end up with nothing
left over when the debtors committee is done with them.

I have now sold all my shares and overall the losses were manageable but still regretful. I am nervous about playing
it for a flip with a delisting coming.

I think it is telling that your contact Ms. Butler said, the common is at the end of the pyramid and their debts are substantial. From an IR person that basically says its all
over but the final accounting. I will watch it and see if
they emerge with anything at all which could take a couple of years in court. Drexell went on for years it was reported.

Good luck to everyone. I will continue to follow.