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WaS

11/19/09 8:40 PM

#121330 RE: linda1 #121329

They haven't submitted a plan yet...

Going way back I do remember then saying they didn't expect recovery for the commons. Since then we've seen the court docs say they expect significant recovery for the "estate".

It would be unwise, if not illegal for them to say anything about the value of the stocks since in reality they can't back it up with anything more than speculation, the same as us.

But you can bank on the fact that if assets and liabilities even out equity will be standing before the judge, at least offering input and pleading our case to her.

People can speculate all they want about this stuff but when they being telling you HOW it's all going to unfold as if they're the brains behind it all, the only thing that can be said is they're full of it.
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Pulling_the_Trigger

11/19/09 8:47 PM

#121331 RE: linda1 #121329

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Pulling_the_Trigger

11/19/09 8:47 PM

#121332 RE: linda1 #121329

if you look at citgq they clearly stated that all common shares would be canceled from the begining since it they planned on getting out of BK quickly. Lehman has never made such a claim or made any kind of hint plus if they were goign too they would announce before reorganization which could be some where in JUNE 2010