Replies to post #32838 on Lehman Brothers Financial SA (LEHNQ)

[penny4dollars]

Thank you Joe, I get it. My question was, why no one can put a little effort with all this assumptions, chasing their tails in a circle. Chanting "It was Lehman, It was Lehman". Someone can just type out a few coherent sentences on a simple form and wait for a reply. No one here knows and refuses to find out if it was Lehman. I just don't get the logic some here are saying. Creditors and Bondholders and the such, received pennies on the dollar recovery, but the precious Trusps are worth up 34 a share. What???????? The non dischargeable clause is unenforceable with Bankruptcy from my understanding.

[catdaddyrt]

complete garbage joe
8 ball is it garbage ?

penny, Who decides on a up-listing depends on the circumstances. If you have a small company and wanted listed but too small for the big exchanges you would try to secure a market maker to make a market for your shares on the pink sheets. If you are a company like Lehman and don't care if the shares are listed, then if the market maker wants to make a market then the MM decides.

If the stock has no MM support, then it moves to the greys. If one thought a company was behind the listing, one should ask themselves why any stock would go to the grey market. Obviously a company would always want their company on the pink sheets or better.

Grey Market

Securities that are not listed on any stock exchange nor formally quoted on OTC Markets or OTCBB are considered to be in the Grey Market. Unsolicited transactions are processed independently and not centrally listed or quoted. Trades are reported to a self-regulatory organization (SRO), which then passes the data on to market data companies.

[Nellafom]

Yawn ... Shoo fly ... shoo fly