Lehman Preferred Series "J" Preferred (fka LEHJQ)

[mnt_v]

Outside deadline for Debtors to solicit acceptances for plan of reorganization - May 15, 2010.

http://www.lehmancreditors.com/ Under calendar of upcoming events.

IMO, this could happen soon, now that this balance sheet has come out. Those that are in before the freeze, will either reap the benefit of positive results, or possibly end up with nothing.

It is a risk, one I am willing to take. The potential exists for great results; how long it will take, no one really knows. I'd rather be in at the start-up of any recover, and not trying to catch up if it explodes.