leh opened at 40cents,why is it not delisted?

[gnome]

Quote from Ivanovich:

Question for you guys. I don't own any LEH, but for those who did, let's pretend there WAS a buyout and the buyer agreed to pay $20 a share. This is purely a hypothetical. Does that mean anyone who bought shares - regardless of price - gets $20 a share?

Buying LEH here at $.20 is like a cheap option which never expires. Of course at this time, sellers are anticipating it going to zero... might not be true, however.

I remember years ago when Storage Technology traded down to $.31... went into BK... and about 2 years after it came out was trading $80. (Don't recall, however, whether the shareholders before BK got anything out of it. Could be the reorganization issued new common and the stockholders before BK got zippo. ?? )

 

[scriabinop23]

Quote from nickdes:

Do we have any hope people who are holding LEH Share
What will happen to george soro who is holding million of $ of shares


I would think in the case of Soros (sp) he would have purchased puts and or other means to hedge.

Do you think he would've spent a few hundred percent on implied volatility? I wouldn't be surprised if it was a total loss for him just like everyone else.

 

[Hydroblunt]

Quote from gnome:

Buying LEH here at $.20 is like a cheap option which never expires. Of course at this time, sellers are anticipating it going to zero... might not be true, however.

I remember years ago when Storage Technology traded down to $.31... went into BK... and about 2 years after it came out was trading $80. (Don't recall, however, whether the shareholders before BK got anything out of it. Could be the reorganization issued new common and the stockholders before BK got zippo. ?? )

Are you kidding me? LOL apparently you're not as smart as you make yourself out to be.

When the company emerges from BK, new stock is issued. The old shareholders get squat, they hold the old worthless share. Often the original debt holders get new stock on top of restructured debt, so you would want to buy the company's debt in order to get access to the new stock.

With LEH, such is not the case, it's Ch.11 not 13