Replies to post #90645 on Lehman Brothers Financial SA (LEHNQ)

[mates]

Joe, relax you gona get a heart attack, just
read Mr.Cotton posts and you will understand what he's talking about, he is real PRO, we are the winners .
Congratulation Joe

[toogoodfella]

THIS IS A REPOST BECAUSE,
Some did not have a chance to read my post due to the attacks.

ECAPS, TRUPS

SVO has decided Ecaps are more equity-like than the billions of dollars of perpetual, non-cumulative preferred stock issues it has for years designated as preferred stock
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It’s a true equity rather. IT IS A PREFERED INSTRUMENT with underlying ratable common stock for each ECaps and each Capital Trusts Security (CTS)... IT DOESN’T MATTER IF the subordinated debt is unpaid.

A PREFERRED INSTRUMENT ISSUED BY THE TRUST, GUARANTEED BY LBHI

See General description from the CTS prospectus below.

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excerpt from prospectus;
General
        The declaration authorizes the regular trustees to issue both common and preferred securities representing undivided beneficial interests in the assets of the trust.

All the common securities will be owned, directly or indirectly, by Lehman Brothers Holdings. The common securities rank equally, and payments will be made on the common securities on a ratable basis, with the preferred securities.
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SO WHAT IS THE PROBLEM WITH THOSE WHO ARE SO DESPERATE TO JUMP INTO CONCLUSION OF CORRUPTIONS??? DO I STILL HAVE TO DIGEST LINE AFTER LINE OF THE PROSPECTUS TO MAKE THEM COMPREHEND??