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Post# of 17499
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coach tequila

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coach tequila

Re: onco post# 9013

Thursday, 03/04/2010 9:32:20 AM

Thursday, March 04, 2010 9:32:20 AM

Post# of 17499
I am not certain. Here are the facts.

Elliot Management started the Ad Hoc Creditors Committee wanting A&M to speed up the reorg...even accusing A&M of dragging their feet to earn more fees.

Elliot Mgmt. is now on the Creditors Committee.

Elliot Mgmt. files a motion to keep separate the information gained in the Creditors Committee from its trading and investment desks.

Elliot Mgmt. will notify of increase or decrease in the size of its Lehman holdings by 1/3 reduction and 2/3 increase.

Seems to me the pattern of Elliot Mgmt. is they are getting more involved with each layer of Lehman that they are exposed to.

I find it a plus...IMO. If they were going to reduce their holdings...they would not have had to file a motion.

Enjoy the Ride!

Coach T

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