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Re: JERSEYHAWG post# 1876

Sunday, 10/11/2009 4:48:40 PM

Sunday, October 11, 2009 4:48:40 PM

Post# of 3026
LEHPQ is a convertible preferred, which in my opinion will be more of an equity. It can be converted to common stock which makes it an equity. 11 USC 510(b) makes it clear that it will be on the same level as common stock as it is convertible to common stock. So the claim will be essentially for 20 shares of common stock IMO.

LEHGQ is a bit more confusing and appears to be more of a debt. I'd be more comfortable with the LEHGQ, but not totally comfortable as it has some weird provisions in it. But wayyyyyyyyyyyyyyyy more comfortable than I am with the Ps.



DISCLAIMER: I am a dirty, rotten penny investor. I am not compensated by any stock. I've asked them to pay me, they refuse. I buy stock on the open market. I sell it there. I like money. I am greedy. I am under the care of a psychiatrist.

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