LEHPQ is a convertible preferred, which in my opinion will be more of an equity. It can be converted to common stock which makes it an equity. 11 USC 510(b) makes it clear that it will be on the same level as common stock as it is convertible to common stock. So the claim will be essentially for 20 shares of common stock IMO.
LEHGQ is a bit more confusing and appears to be more of a debt. I'd be more comfortable with the LEHGQ, but not totally comfortable as it has some weird provisions in it. But wayyyyyyyyyyyyyyyy more comfortable than I am with the Ps.
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