Lehman Preferred Series "J" Preferred (fka LEHJQ)

[Uhhhhdel]

Class 9 Equity Interests in LBHI -- No Distributions (unless all other creditors have been paid in full). All Equity Interests will be cancelled and one new share of LBHI common stock will be issued to the Plan Administrator which will hold such share for the benefit of the holders of the former Equity Interests consistent with their former economic entitlement.


I don't see how this is bad for us. The only downfall is we get frozen from trading our shares. That sucks but if that means we get paid, who cares. I can gladly wait 2 to 3 years for a full payout or even a 10% payout.