Lehman ABS CorTS 2001-08 7.375% General Motors (CCYPQ)

[marayatano]

Hello, jcpny777. Even if the IPO is in Nov/Dec, we would be able to obtain our portion of the shares until early next year (sometime in January 2011 comes to minds if I remember correctly).

I recall reading an article that the OLD GM has to distribute our shares and warrants.

As for Wamu, I would not worry too much. I expect EC to put out a competing POR/DS with Solomans' prelim numbers.

If you are in preferreds, according to Examiner, you are only $500 M away from being in the money. Take the $350 ish Mil from WMB bond holders, then you are only $150 away from being in the money. Rosen wil probably need to buy preferrds vote, worst case scenario.


imo