Replies to post #242 on Covered Calls

[penny4dollars]

Hey Joe, not sure you'll get this. I'm not a paying member so I'm writing here. I received your PM and totally agree, some I think are delusional and others are clearly trying to manipulate people into buying worthless securities. Their as long as a blade of grass. I'm pretty sure you know at least of one I'm talking about. Anyway its their money. Besides I think your to much of a classy guy to be posting on that Board. Hey I know this may be a bit of strange request, but would you be interested in giving pointers in trading? I do pretty good but you clearly are light years advanced in knowledge than I am. Anyway off to play golf. Enjoy your day.

[penny4dollars]

Hey Joe just received this email what's your take, I guess Lehman or the trustee do control these shares. I may post over at nq board. I don't know looks like you and the others maybe both right, but still just don't see a recover.Imo
Thanks I will be at your website soon, thanks for the invitation.


Vincent


Please see my answers below:



How a stock can move from greysheet to pinksheets? – A market maker would either need to file a form 211 with FINRA and be cleared for quotation or file an unsolicited form with us and be cleared for quotation. For information on unsolicited quotes please visit http://www.otcmarkets.com/services/trading/faq#traderfaq12

I ask in regards to Lehman Brother's securities symbols Lhhmq, Lehlq, Lehkq. Does Lehman Brother's have to authorize such a move? – No, market makers do not need company approval to quote a security


And a more direct question Does Lehman Brother's control these securities anymore if not who does? – Yes, these all appear to be preferred shares and would be the responsiblitly of Lehman Brothers or their trustee



Best regards,



Ed McCann

Issuer and Information Services



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New York, NY 10013-1015

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[penny4dollars]

I agree with your thoughts on the subject sometimes I get cross eyed looking at information. I'm a simply guy and ask simple questions. Like why would a company would want old debt like cts and why, what value does it have? It was the MM who did the listing. Email said so. Why? To make money, right? These trusp combined are worth less than the coupons you get in a Sunday paper. Anyway enough with who thinks their a millionaire board. I'll see at your website soon, keep fighting the good fight. Have a great day

[penny4dollars]

Hey Joe. I have been reading the Lehnq who thinks their a millionaire board, it is very entertaining I must say. I won't post there anymore. cause well we discussed it before. I really hope some of them wake up and realize that some of these posters are pumping these stocks and are as long as a blade of grass. Anyway I wanted to let you know I received a call from the SEC today. They explained the whole LB cts. Everything we discussed and outcome is exactly what will happen. After final payment the OBS will be liquidated and poof the cts will be gone also. They also confirmed that MM's up-listed the cts not Lehman or any Trustee. Well nothing new that we haven't discussed, or already didn't know. Anyway have fun with that HES-A-SAP guy. Keep backing him in corner so I can watch him change the subject and runaway like usual. .

[penny4dollars]

Hey Joe, in case there is any doubt in the minds of the who thinks their a millionaire board of what will happen to the obs and recovery for cts (but we knew this)

Page 6



Estimated
Recovery:


10A Subordinated Class 10A Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
10B Subordinated Class 10B Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
10C Subordinated Class 10C Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
11 Section 510(b) Claims 0% Impaired, Not Entitled to Vote, Deemed to Reject
12 Equity Interests in LBHI N/A Impaired, Not Entitled to Vote, Deemed to Reject


on page 84

10.10 Dissolution.

(a) A Liquidating Trustee and Liquidating Trust shall be discharged or dissolved, as the case may be, at such time as (i) all of the Liquidating Trust Assets have been distributed pursuant to the Plan and a Liquidating Trust Agreement, (ii) a Liquidating Trustee determines, in its sole discretion, that the administration of any remaining Liquidating Trust Assets is not likely to yield sufficient additional Liquidating Trust proceeds to justify further pursuit, or (iii) all Distributions required to be made by a Liquidating Trustee under the Plan and a Liquidating Trust Agreement have been made; provided, however, that in no event shall a Liquidating Trust be dissolved later than three (3) years from the creation of such Liquidating Trust pursuant to Section 10.1 of the Plan unless the Bankruptcy Court, upon motion within the six-month period prior to the third (3rd) anniversary (or within the six-month period prior to the end of an extension period), determines that a fixed period extension (not to exceed three (3) years, together with any prior extensions, without a favorable private letter ruling from the IRS or an opinion of counsel satisfactory to the Liquidating Trustee that any further extension would not adversely affect the status of the trust as a liquidating trust for United States federal income tax purposes) is necessary to facilitate or complete the recovery and liquidation of the Liquidating Trust Assets.

(b) If at any time a Liquidating Trustee determines, in reliance upon such professionals as a Liquidating Trustee may retain, that the expense of administering a Liquidating Trust so as to make a final Distribution to Liquidating Trust Beneficiaries is likely to exceed the value of the assets remaining in such Liquidating Trust, such Liquidating Trustee may apply to the Bankruptcy Court for authority to (i) reserve any amount necessary to dissolve such Liquidating Trust, (ii) donate any balance to a charitable organization (A) described in section 501(c)(3) of the IRC, (B) exempt from United States federal income tax under section 501(a) of the IRC, (C) not a “private foundation”, as defined in section 509(a) of the IRC, and (D) that is unrelated to the Debtors, such Liquidating Trust, and any insider of such Liquidating Trustee, and (iii) dissolve such Liquidating Trust.


http://www.sec.gov/Archives/edgar/data/806085/000119312511239866/dex991.htm#rom224677_4