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AMR Corporation Message Board

  • vinpark17 vinpark17 Jan 10, 2013 1:10 PM Flag

    Question: When AMR is out of BK

    Will they still honor the shares bought under AAMRQ, or will they wipe these shares
    off the books and open under a new symbol? Could we wake up and have all our current shares
    declared worthless? Has anyone talked to AMR about that possibility?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • buzz is incorrect....

      If they work a deal with the commons (which it sounds like they will), there will be value in AAMRQ stock. Don't know how much, but some $ amount will awarded. If buzz would read the current letter from the attorney, he would know that. Give it some more time, there are many details to be worked out...Good Luck.

      Sentiment: Buy

      • 1 Reply to greyhound737
      • 50 cents or $2 ?

        time will tell.

        ---------

        If the debt holders accept payment in ( old ) amr stock...aamrq, there could be some value.
        I do not see any filings, to remove aamrq from the pink sheets.
        I do not any request to return aamrq back to the nyse.

        If AAMRQ is put back on the NYSE.......someone will make a lot of money
        I do not see.
        It has happened, but a rare, rare event.

        either way
        interesting times we live in.

    • AMR will not honor AAMRQ........The old trading stock has been delisted.

      Once AMR exits bankruptcy, a few possible outcomes.

      1 - Merge with US Air.
      The American name will stay the same.
      US Air shareholders will be issued new stock, of the combined company.
      AAMRQ will get nothing.......aamrq remains on the pink sheets.

      2 - No merger
      American emerges from bankruptcy as a stand alone corporation.
      New stock will be issued........old AMR stock (aamrq) remain on the pink sheets.

      ----------

      All debt holders have to be satisfied, before any shareholder.
      If debt holders take the old stock, as payment - aamrq might have value

      AAMRQ is a very risky bet, at this point.
      aamrq is still listed on the pink sheets.

      Time will tell

 

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