Replies to post #9009 on Lehman Preferred Series "J" Preferred (f

[coach tequila]

"Covered Claims" includes Stocks...according to the motion of Elliot Management.

Also, if their holdings reduce by more than 1/3 they have to notify.

Also, if their holdings increase by 2/3 they have to notify.

I do not think Elliot would request this motion if they were trying to reduce their holdings...they would have just reduced their position.

More to come...

[onco]

is this a good thing or a bad thing and why.TIA