Thursday, April 05, 2012 9:40:48 AM
First, I own CTs, and I want more.
I called my broker two days in a row. They tried checking with different departments like preferred, fixed income, reorg, etc., and got nothing. They put an open order out there with MMs for me and have received no response. The main person I dealt with feels that they are "expired," but I told him that they aren't, and I told him exactly what happened (accidentally delisted, then shoved on grey sheets, and preferred and commons lumped into the big share). I explained to him that they are actually worth something and that it appears that someone is trying to hide them away. He doesn't know what else to do other than just leave an open GTC order out there for me. I told him I would research further and get back to him.
Can Lehman be reached and what is their number? Let's force the issue. I hope that the MMs won't raise the ask to $1.00 or more.
Chessman
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