Lehman Preferred Series "J" Preferred (fka LEHJQ)

[ca90049]

On substantive consolidation, I posted it here since this is sort of the master Lehman board. I have preferred and trust preferred as many do. It does seem that the regular preferreds would benefit from a bigger pie, not just a reshuffling of the pieces as substantive consolidation would provide.

What happens to the plan of turning all of the equity shares into one "share" if we throw the current POR out in favor of substantive consolidation? LAMCO is already running and one thing the preferreds need is time for the assets to grow (and not be wiped out prematurely).