Replies to post #10602 on Lehman Preferred Series "J" Preferred (f

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it's possible, but i find it very hard to believe preferreds would have exactly the same ranking as commons. why designate them as a different class, in the former entity, otherwise? you see my point?

if preferreds are absolutely on par with commons i think we could see a lot of litigation over that point alone. jmho.

we've got to get some definitive answers about the classes of equity. i like joyce's theory that class 9s are commons.

preferreds may be part of 1 through 8, perhaps. dunno...