Lehman Brothers Holdings Inc. (fka LEHMQ)

[Churak]

ok...thanks- I had read before but was (and am) still confused. It seems to me, IMHO, FWIW & WTFDIK, that each pref share is secured by a specific note and/or asset and the value of that pref would ultimately be determined by the extent to which that specific underlying asset can be monetized. So I am still not sure what IS the underlying asset of some of the pref shares and how they can (or even if) be monetized and the residual value, if any.