Replies to post #96948 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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60B worth of J series is unpaid..

Article says fully paid

[stockmojo9]

The J's have 66M float at $25 per share preferred.

That is a $1.650B issue.

Where are you getting $60B?

What in the prospectus am I supposed to look at?

I think there was a J Series CT but it was called.

I doubt they will issue shares that have already been called or part of a prior issue unless there are covenants in the prospectus enabling additional shares to sell.

And, if that is the case, they could do it under certain conditions and SEC approval only, likely.

mojo9