Lehman Preferred Series "J" Preferred (fka LEHJQ)

[DrGizmo]

revisions: (JMO)

Par 7: prorated valued --- prorated value

delete -- Your Honor has given A&M great latitude in hedging and investment activity to either preserve or grow asset value. Equity Interest holders believe your decisions were prudent. However, it does remind me why LBHI filed for bankruptcy in the first place. Lehman bet the farm on real estate and lost. Their newest strategy is to double down. In the case of Equity interest this is our only possibility of ever seeing any recovery. (Shorter is better)

Par 8: I will simply laundry list --- I will supply a list

Given all of these factors -- delete (and) -- it comes to no surprise that Creditors are willing to wait.

Par 9: delete --- As you can see we are in a classic chicken versus egg scenario.