anybody have a clue?
Go click on the link I just posted a few seconds ago before your post. That tells it all.
With the conclusion/emergence from bankruptcy, the present stock will be voided. New stock will be issued to fund the company.
Sentiment: Strong Sell
Click on this link if you believe AMR stock has a chance to go up after emerging from Bankruptcy.
so why it goes up now?
They will emerge and yes
Yes, new stock will be issued upon merger, and the present stock will be.........cancelled.