Wow...that alot of questions. I will do the best I can.
First of all, it is very hard to see the valuations drop daily. However, if you look across the entire financials the whole group topped out in September and have been correcting the gains from the March lows. This pullback is not just the Lehman group.
I think that ALL I-HUBBERS should go to the LBHI website, pull up the first 50 claims and then open the "Image" link that is included with each posted claim. These do not get posted without being researched. Virtually all of them are balance sheet or derivatives related.
Please if some of you would do that. Maybe split them up in the first 15 for one of you then the next 15, etc.
That helps me and I think it would help all of the you. Every claims that I randomly pull up can be related to an outstanding financial instrument that was issued by one the LEHMAN entities and can be translated to the B/S.
I really would like some feedback from some of you on this!
I still have over 2.8M shares of various Preferreds and trust shares of my original $2.9M.
Do not look at any numbers on the LEHMANs that are not issued by the company itself thru A&M. The only numbers that have been released are on the Monthly Operating Reports MOR's and posted at the LBHI website thru EPIQ. No other info is reliable. The $8 book value is not reliable!
I have confirmed this twice with Holly Dice at A&M. Reporters take pieces of information to tell whatever story they want to highlight. Use the MOR's only!
A&M should know a better handle on the total claims allowed by end of year. The Examiner will be revealing his investigation in Feb. 2009 and new balance sheet numbers (hopefully YTD) before end of year. Personally, I think they will be out on Nov. 15.
Do your own due diligence...this is a highly speculative situation.
Coach T
