Are you sure BNYM is still our trustee? Check some of Catdadryrt's email exchanges....one was with BNYM who stated that they were no longer the trustee for Lehman Capital Trust Preferred securities.....and that it was JPM who is now the paying agent. Weeks later it is proven that JPM is the paying agent as their name shows up as the transfer agent under the first CT to uplist, LEHLQ. Before that, StockBum also showed of a "highly confidential" transaction involving LBHI, JPM and Barclays which involved an assumption of contracts. Barclays is the successor to Lehman. Barclays is a London financial headquartered company. LEHKQ recently received a SEDOL number....exclusive to UK companies. http://www.investopedia.com/terms/s/sedol.asp Our CTs have Successor Obligor Guarantees. If Lehman wanted to honor our CTs, they may have assigned our CT contracts to Barclays, who would then assume the obligations of our contracts. See the UK connection now? Contracts may be assigned or assumed in bankruptcy, which would mean the assumed contract retains it's full rights even though senior creditors may be receiving less than a full recovery. In other words, it would be as if our CTs aren't even a part of the bankruptcy process. A Lehman case manager at Epic told 3 different posters on this board that the CT securities were NOT apart of the bankruptcy. Would it be "logical" to speculate something "might" be going on behind the scenes to lead to a profitable, positive conclusion for CT holders? When one waits to see it before they believe it...it is often too late.
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