Nothing has changed except for the better IMO. I bought to hold to the very end. In 2008 it looked like the end for Lehman, now much value has been restored that was once considered a total loss. It has always been a lottery ticket once you buy it you don't expect a refund just before they pick the numbers. Any gains were speculative in the first place. The Lehman lottery has always felt like a 50-50 chance, in that this is the chance of a lifetime for the owners of the CT shares. Odds like this will never come again.