Replies to post #35325 on Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Yeah, I agree. Its also funny the price range that the small amount of trades have been held within. If retail was such a large holder more likely to see larger spreads between ea of the CTs.

Also, look at the GSE 50's...many of these only have 4-5M shares outstanding. They often have higher volume. Likely due to retail presence.

Yesterdays article also shed light that this liquidation is scheduled for several more years. This is hardly over.

Best JW

[stockmojo9]

wayner,

It is a good point that the CTs were accumulated already by big boys which could have been done years ago for pennies.

It would also be notable the majority of the Cts were kept at recent $.60 - $75 highs since the volume at the $.75 was on 4k or so.

What is speculative is how they'll be used. If a large Estate banker has them, they could be using them as a strategy to recover outstanding instruments and push for repayment of higher priority claims in a liquidation, unfortunately, and not recapitalize the business.

The recent activities of the Government is showing, again, the focus of these financial settlements is not for the creditors but the voting public at large.

I still hope the Tier 1 eligibility, NOL credits and prospectus covenants will provide the incentives to preserve the CTs and reorganize the Estate into a new administration repairing the damage that brought them down in bankruptcy and re-structured for new business.

mojo