Replies to post #5279 on Lehman Preferred Series "J" Preferred (f

[xristosx]

LOL....LMFAO

[RICK C]

Looking at the 2 paragraphs people are talking about<I think it could be viewed as a very positive release-
" Specifically, the company controls 80% of Bankruptcy Claims Fund, Inc., which owns in excess of $8,000,000.00 of the face value of Lehman Brothers claims in the bankruptcy proceeding. The majority of the claims will be administered by the Bank of New York without the need for IOVE to file any formal documents. IOVE did not and does not expect to receive 100% payout on the Capital Trust notes at LEHKQ, LEHLQ, LHHMQ, and LEHNQ. However, IOVE continues to be excited about the prospect of a fair distribution for Capital Trust shareholders "
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It says-" did not and does not expect to receive 100% payout on the Capital Trust notes at LEHKQ, LEHLQ, LHHMQ, and LEHNQ."
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No one Paid 100% Face value, we paid a fraction on the Dollar.
So a =fair distribution for Capital Trust shareholders "
is I believe going to put us in a very nice Position of the Dollar Range.We just have to wait and see How High a range it could be.JMO

As to the TYPES of shares each holds in their accounts,Even commons will still have a chance at a Higher than entry point Return. Again just my opinion. Many here know better than I so I'll be interested in their thoughts. GLTUA.







To respond to shareholder inquiries, IOVE states it does not own any Lehman Brothers common stock as it does not believe that those shareholders will receive value or anything other than de minimus payout in the bankruptcy proceeding

[Pathfinder85]

you don't have to rag on me, I asked a question. The capital trusts get paid in full before the preferreds see a dime. **edit** If i'm wrong here, then I apologize and the point is moot.

All i'm saying is that if there is belief that the trusts won't get paid in full, then this is seen as a negative for the preferreds getting paid. quite simple, really. I'm holding here and don't plan on going anywhere soon, just trying to keep up with the news.

[goforthebet]

sells at 0.07 and the bid is at 0.0801