As of now (02/11/2014 @ 5;35pm) Etrade has not posted distribution. When I gave an email they did not know what they were talking and they thought it was a dividend distribution in spite of my very clear question. Last time also they were three to four days late. Whose fault is it? Is it Etrade's or American airlines?
Dude, I was in the money after D1. I invested $3,954 to buy my 925 shares of AAMRQ (avg price = $4.275).
I had 183 shares following D1 (61 initial + 122 D1 shares). At a price ~ $26.3070, my value at that time was ~$4,814. Now sitting on 345 shares (add 162 shares to the above) at today closing price of $35.67, that brings my value to $12,306.
If stoxxer's formula holds true for D3 and D4 (with a max VWAP of $35.00), I'll end up with 677 shares. Total value of $24,149 at today's close price - that's a 511% return of the original $3,954.