Replies to post #648 on Lehman Brothers Holdings Inc. (fka LEHMQ)

[Idiota]

In bankruptcy it goes like this:

first, the secured mortgage type holders get paid. second, priority unsecured claims like employees. third, senior bonds. fourth, unsecured debt like office supplies. fifth, the subordinate debt like the preferred k l m and n shares here. sixth, the shareholders. So they could have ten billion cash doesnt mean u get a dime.


When they emerge, they will issue new stock and cancel the old. you.ll have a zombie lehq in your cacct.

now if someone buys them out or they ge some big big loan...