Has anyone come up with a recent/revised share distribution for Monday? If AAG will be opening based on the close price of LCC today, wouldn't it be better to know how many shares of AAG AAMRQ will get? I understand that it will be held for 30 day increments. Will our values change each 30 days? do we keep 3/4 of our AAMRQ at a set price and it will convert differently each 30 days? Sorry, not very versed in this.
You can pretty much be assured it is going to be priced into the stock by closing. Insiders probably already know and are getting the word to their friends, who are acting accordingly. AAMRQ won't reflect its full value because no one knows what the AAL price is to pay off debtholders, and what will be left. We still gain if AAL goes up. We could lose our shirts if it goes down.