Guess what, that's a BK company.
66.5 shares of AAL = 1000 shares of AAMRQ or .0665 shares of AAL - 1 share of AAMRQ
AAL pps is 24.80... 24.80 x .0665 = $1.64 (pps for AAMRQ).
Seems to me if AAMRQ was around $12 last week you should have sold everything..
glad I unloaded back in august for 6.50 a share...
You're a dope. Assuming the price of LLC stays the same, you would have gotten a big bump when the shares convert.
If you read the 500 pages contract Bear you will read "Might"
AAMRQ entered a deal to get 3% that was part of the deal you need to understand that..
share value will be converted based on 20 day average of LCC plus you will get a premium of .0665 on top,so your getting aal cheap plus a bonus but you have to wait.
bear do you know conversion details. for the info my broker has allocated 33 AAL for my
If you are long AAL (~four month's worth), you would have been better to hold those AAMRQ shares, IMHO.
I hope you are right.........but good luck to you.