by the latest restructuring proposal as I am? It appears that T is breaking into four parts of which one is AWE. But to get AWE we must trade our T shares to get them and then we won't have any claim on the other parts of the company. Depending on the ratio of T to AWE for the trade, this appears to be the biggest screw job yet on T shareholders.
This is really turning into a shell game. First T shareholders were promised that AWE shares would be distributed to T shareholders until shareholders voted for the AWE tracker and now the rules have changed after the fact. Maybe I don't understand correctly, but if I do, isn't this a fraudulant act by CMA and the BOD on the T shareholders?
Will someone smarter than I please explain what they think is going on!!!!!!!!!
Remember the movie "Raging Bull". Jake LaMotta was the fighter who would not fall down no matter how much abuse he took. That's how us T longs are right now; our brains are scrambled but we still hold on to those shares. The AWE distribution was a big factor in sticking with T but now that turns into a farce. Also, Malone has pulled a scam where he got a barrel of T shres, sold millions when the price was up and now walks away with LMGa the assets of which, I thought were owned by the AT&T shareholders. One other thought from my punhed out head; shouldn't there be a shareholder vote on the four-way breakup or can CMA and the BOD make the decision without us? I'm almost ready to take the dive.