Replies to post #25 on Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[GoPhins]

So what happens if we decide not to convert our shares.

[Lawrence 147]

That’s just wrong they should have at the very least offered 30 shares for the conversion and if they were to have followed the make whole clause could have bumped it up to 53.135 shares. If they are just going to cancel the common shares anyway, why not 100? It wouldn’t cost them any more.