Replies to post #188 on Lehman Brothers Holdings Inc. (fka LEHCQ)

[jerry22]

"Nowhere in your "Proof" did I see the word CANCEL. I saw exchanged, suspension."

An exchange IS the cancellation of the old shares, in exchange for giving you new ones. Try hanging onto the old shares in such a case, see if they are worth anything other than zero.

Perhaps you missed the part where the SEC says: "The new shares may be fewer in number and may be worth less than your old shares."

Or the part where the SEC says:
"Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates."


This is quite different than the apparent 'facts' claimed in these posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35016026
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34987280

Perhaps you should write the SEC and tell them they're wrong.

IMHO.