Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Thank you all for your kind comments...

Linda...there is no set plan for new shares in reorg companies. It simply is based upon the economics within each transaction.

Take General Growth Properties for example...they have solid bid for $13 a share (commons) from Simon Properties (SPG). Yet they go out and raise money they could not raise late in 2008 and are going to go it with a different partner.

What ever happens with the reorg Lehman plan you can bet will be a very creative one.

As of the last balance sheet June 30, 2009, including very conservative asset marks, the asset to liabilites were 86%. Mr. Miller lead attorney for Weil, Gotchal & Manges has already said to the Judge in the transcripts of the November creditors meeting that there are parties of interest in Lehman wanting information.

This is far from over IMO... The next 30 days we may very well remember for the rest of our lives!