Covered Calls

[penny4dollars]

Hey Joe just received this email what's your take, I guess Lehman or the trustee do control these shares. I may post over at nq board. I don't know looks like you and the others maybe both right, but still just don't see a recover.Imo
Thanks I will be at your website soon, thanks for the invitation.


Vincent


Please see my answers below:



How a stock can move from greysheet to pinksheets? – A market maker would either need to file a form 211 with FINRA and be cleared for quotation or file an unsolicited form with us and be cleared for quotation. For information on unsolicited quotes please visit http://www.otcmarkets.com/services/trading/faq#traderfaq12

I ask in regards to Lehman Brother's securities symbols Lhhmq, Lehlq, Lehkq. Does Lehman Brother's have to authorize such a move? – No, market makers do not need company approval to quote a security


And a more direct question Does Lehman Brother's control these securities anymore if not who does? – Yes, these all appear to be preferred shares and would be the responsiblitly of Lehman Brothers or their trustee



Best regards,



Ed McCann

Issuer and Information Services



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