Replies to post #14347 on Lehman Brothers Financial SA (LEHNQ)

[JERSEYHAWG]

so CHAARLES, your saying all the LEHMANs, CT, PREFERRED AND COMMON can get a piece of the pie by issuance of new shares per each? however they figure the divi numbers? sounds good to me, IMHO. hey, something is way better than nothing ! cant wait

good post ! TY

[catdaddyrt]

and that is just fine with me - the conversion ratio will determine the sweetness of the pie for the TPS and commons

CTs will be handled differently imo
its all good






I have been saying:

these wallstreet guys have no mercy on anyone - any class surviving or getting paid will be due to necessity or gain not out of kindness-
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[hestheman]

Chaarles, many of the financial institutions/banks that issued trust preferred shares years back (all with a five year deferral period) many of those deferral periods expire in 2013-2014. Other financial institutions (aside of Lehman) have been deferring interest payments and may be in danger of being in default when that time expires. Do not be surprised if the reorganized Lehman entity asks for our approval to convert our trust preferred shares into shares of the new company. Because of our prospectus guarantees, they must get our approval to do this. CIB Marine Bancshares in their chapter 11, got approval from their trust preferred shareholders to convert into the reorganized company's new common stock. My personal thought is that Lehman will have enough funds on hand to pay us past interest, and then exercise their option to redeem trust preferreds (cash us out at face value). That way, they will then be able to cut reg preferreds and commons a better slice of the new Lehman pie and look good to new Lehman investors/shareholders. IMHO