Lehman Brothers Holdings Inc. (fka LEHMQ)

[martingale]

United Airlines also went thru this and eventually reorganized but not before they wiped out the common completely. It did take some time and then they re-issued and re IPO'd it. I think Lehman may end up with "possibly however unlikely" something from this but Fuld dumping his shares tells you better than anything else what is going to go down. Zero.

The BK filings today state this process is going to take years to unwind. So it will be around for quite awhile. Better than most pinks if you can find a true bottom to time your buys and sells. A highly flexible situation however. It is
impossible to know what the value on any particular day might be. Follow the BK filings from that great link provided.

It is strictly a gamblers penny stock now following the delisting. Also the credit downgrade of their bonds to junk status won't help. These folks were right on the very edge
today of a complete collapse and closing of their business despite the Barclays offer. The judges ruling today prevented that and bought them more time.