Lehman Brothers Holdings Capital Trust III (LEHKQ)

[joyceschoice]

Do any of the expert parlay players here have a guess on what its going to take re: asset recovery numbers to get the sr. debt to move up to the next level?

Obviously the numbers at the meeting were somewhat baked in, though the C/t's are now at the low end of the recent trading range. It seems its going to take more assets recovered at a reasonable rate, but how much more? 30B 40B 80B?

I guess the minute the market sniffs out the toxic derivatives might be worth more that previously anticipated, the bigger run starts. Does anyone have any thoughts on numbers for the cash or debt side to start the next move?