Hey Inter:
Thank you for wanting to buy Lehman shares.
I am a current holder of more than 4.5% of the Preferred Shares. At this point, I own 2.8 MILLION shares of C/T's and Preferreds (no Common). I currently believe that when it comes down to having to sell/tranfer my interests, that the shares will no longer be trading for pennies.
The "sell order" if approved, and if implemented, during the "reorg" plan will in and of itself, dictate, that the shares will have far more value than today.
When it gets to that point, buyers will be wanting to buy shares at much higher prices because the picture will be much clearer at the end of March as to who gets how much.
This is all my opinion of course...
However, my cost basis is so low on the 4.5% that I own, there will never be any reason to sell. If they end up worthless, so be it. At this point, it does not cost me much to be "all in". Just wait it out. My kids will know the outcome.
Good Luck to You...
Coach T
