Replies to post #82518 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

Thats what I was trying to figure out. It CTs and preferred get converted to common. Are they the same as the common thats in OBS today?

"IF" they are, than where is the SENIORITY of the CTs and preferred over the common.

All would be equal. So whats the differance?

Equal is equal.

Right???????

[toogoodfella]

Lower interests..,?<<<<<>

Six percent interest will be too high today in this economy and too high for Lehman present condition. They will have no choice other than to buy back all Cts and preferred with common shares. A buy back will of course loose priorities but you’ll be able to sell anytime on a market price.

IT IS JUST AN OPINION. There may be other ways to avoid paying six percent interest when Lehman is back in business.