Replies to post #96980 on Lehman Brothers Financial SA (LEHNQ)

[Jimzin]

That’s big stuff Toogoodfella! Thanks for the reminder on that math. You are a great contributor to this board…keep it up brother!

[toogoodfella]

CORRECTION: 66,000,000

Where are you getting $60B?
—-//——//—
Read the General description on prospectus.

The J series is 66,000,000 shares of “Depositary shares” at 25 = 1.65B

“Depositary shares” is 1/100 of “Ordinary shares” at 2,500 each.

1.65B divide by 2,500 = 660,000 “Ordinary Shares”

The total number of “Ordinary shares” is 24,999,000 minus 660,000 equals 24,339,000

24,339,000 times 2,500 equals 60,800,000,000