Replies to post #1732 on Lehman Brothers Holdings Inc. (fka LEHMQ)

[biznipianjr]

let me explain the law to the gentleman who wanted to know why common shareholders get wiped out with ch 11.you are an unsecured creditor. the bondholders and secured loan holders will get some small percentage of owed monies. when the stock emerges from ch 11 it will issue new shares. you will not get any. you will get nothing. at some point the common shares will be without any value. ask any attorney dealing with ch 11. i am a retired broker. you may be able to buy this and get some profit on a jump along the way from some news. but if you think this will survive the process please email me six months from now when you are the end result of a ch 11 shareholder proceeeding. im sorry but its all in the law. sorry