Lehman Brothers Financial SA (LEHNQ)

[chaylea]

I realize old shares are in escrow, but watching wamu case and seeing their shares converted, is that what might happen here, my broker knows nothing here in Arkansas(Arvest Bank), had 146k J's at time escrow was set up,....
example from another board, Conversion Ratios - Old Equity into WMI Holdings Commons

It depends on what you held. If you held commons (WAMUQ), Preferreds (WAMPQ and WAMKQ), as to the conversion ratios.

The "announcement" is below...

But the summary is this:

Commons, WAMUQ = 1 old share = 0.03349842 new shares - WMIH ticker, commons

Preferreds, WAMKQ {called Series K below} = 1 old share = 0.4950146 new shares - WMIH ticker, commons

Preferreds, WAMPQ {Called Series R below} = 1 old share = 19.80058 new shares - WMIH ticker, commons

Keep in mind, that there are 200,000,000 "New" WMIH commons... so while you may have ended up with "less shares" it's also a much smaller "pool" of shares.

Additionally, existing Preferreds are no longer "preferred" in the new company -- everything got converted, at differing ratios, into WMIH commons.

*ALSO* You should have an additional "security {escrow}" that "equals" to the number of shares pre-conversion. This is for any "Liquidation/Litigation" proceeds -- well down the line -- that may flow into pre-conversion holders accounts. This escrow is for tracking, it will be ZERO for a long time.