Replies to post #9443 on Lehman Preferred Series "J" Preferred (f

[New Waters]

LEHJQ Weekly SAR is getting close to a flip...

...waiting patiently for the new leg up to "Gap Fill Land." ;-)

[goforthebet]

I am with you there... and maybe anton is buying some too ;)

[drugtester]

Well coach if we hit $2.50 it will make up for me selling 527,000 WAMUQ shares @ .28....I have jumped out of my window four times already over that swift move....lol

[marketmeltdown]

I have a question for all of you who believe we will get common shares in a resurrected Lehman Brothers for our LEHJQ shares. I read in the LEHPQ prospecturs something about a 10:1 or 20:1 conversion. Meaning for every one share of P you would get 10 or 20shares of the common. If we got converted to common somehow would it be like .25 or .50 shares of common for every LEHJQ or could it be higher? I am just going by the P conversion since J is 40x less payout of face. Sorry if this has been discussed before. Would this determination be made by the bankrupcy judge? Thanks.