Replies to post #26 on Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[VivaLasVegas]

AT least it shows that A regular preferred share is possibly worth something. Some people may even go for it.
Maybe that's what they're hoping for.
Someone who has alot of commons trying to swap them for preferreds. LOL

Hi I have a cat, would you take it in exchange for your fine Cow? LOL

You'd only go for something like that if you're already really long cattle and you have one heck of a Mouse Problem!


Cheers

[waman1]

Nothing, your account stays the same. Its NON-MANDATORY so you dont have to convert. If you dont then all is as before. Im not converting, Id rather see it go into the POOL and get FULL VALUE from it later.