Replies to post #101865 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

I don’t think stock that has not yet been issued has a Q attached to it?

[SwissCheeseAccount]

this is from the same article

https://finance.zacks.com/q-removed-stock-symbol-7812.html

Old Stock vs. New Stock

Oftentimes during bankruptcy’s reorganization, the company retains its old common stock -- the “Q” stock -- on the secondary market and issues new stock shares under the reorganized business. Each stock will have different ticker symbols, and the new stock issue will not have a “Q.” Investors holding the old common stock still run the risk of losing their money despite a successful reorganization, because new investors will most likely purchase the stock offered by the reorganized company rather than the stock issued prior to the corporation’s bankruptcy.

[SwissCheeseAccount]

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html#:~:text=The%20ticker%20symbol%20for%20the,although%20it%20has%20been%20authorized.

The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized.

https://casetext.com/case/in-re-lehman-bros-holdings-inc-19

Pursuant to its corporate charter in effect prior to the Petition Date (as defined below) (the "Pre-Effective Date Charter"), LBHI was authorized to issue 24,999,000 shares of preferred stock, of which over 17,000,000 shares remained available to be issued as of the Effective Date (as defined below)

[joyceschoice]

JerryB - Welcome. I'm curious where have you been hiding your insight into Lehman for the past 14 years?

Do tell.