Replies to post #161 on Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[JERSEYHAWG]

COACH T, I want to thank you for all your GREAT posts

[lucmariepierre]

dear coach tequila

i would like to help you but unfortunatly i'm not enough good to manage to do what you ask


my question is : you are confident but unsecured bonds traded at 0.17 something like that

despite this low level you believe we can get full payment

if A > L


for me it is unclear what is going to happened : many funds bought some stocks. I suppose : they believed lehman can go out chapter 11 .

I hope lehman wil survive as it is. But it is a dream.


A big question for me : in wamu bankrupcy, we can see unsecured bonds at 70 % but it is normal because A is closed to L .

But in lehman case, A is already closed to L, so we should already be at 70 % too. A = 295, L = 325 , it is 90 % ratio

and why unsecured doesn't trade at this ratio ?


this is why i'm less confident despite the A closed to L
already


are you expert in bankrupcy, or it is your first bankrupcy