negativity to those who held AAMRQ thru merger by those who sold AAMRQ before merger and those who owned LCC prior to merger? Do they really believe that there will be no further distributions or are they just hoping we get nothing? I truly believe those who held AAMRQ thru merger will be rewarded!
Thank you for your message regarding your shares of AAMRQ.
US Airways (LCC)
Old shareholders of LCC have been paid 1 new share of AAL for each old share of LCC. The payment date was December 9th and should currently reflect in the impacted accounts.
American Airlines (AAMRQ)
Shareholders of AAMRQ (cusip 001765106) will be paid at rate of 0.066544 new AAL shares for each old share of AAMQ, which is being handled as a spinoff. Positions have been updated to include the anticipated share payment and currently reflect the AAMRQ cusip along with new shares of the AAL at the appropriate rate. Shareholders have the option to liquidate shares of AAL via the website or by contacting customer service.
Information from the company website, dated 12/09/13: American Airlines Group Inc. has determined that holders of AMR common stock (formerly traded under the symbol: "AAMRQ") will receive, for each share of AMR common stock, an initial distribution of approximately 0.0665 shares of AAL in connection with the occurrence of the effective date of the Plan. AAMRQ holders may in the future receive additional distributions based on the trading price of AAL common stock during the 120 day period after the effective date and the total amount of allowed claims, in each case, in accordance with the terms of the Plan.
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Platinum Relationship Manager
E*TRADE Securities LLC
I did. They seemed very uncertain what the future holds for previous AAMRQ holders. They did say "supposedly" we are to get some compensation at the 30,60,90,and 120 day interval but amount is unknown. Have you ever talked to someone and had the feeling they were not confident in what they were saying? Well that's how I felt.
over it a thousand times, but I just noticed that my ETrade Account no longer reflects AAMRQ shares or money. All that is reflected is the proportion of AAL shares given us on the 12th. My account says AMR CORP-DEL DELETED WORTHLESS POSITIONS effective Dec 12th. I know it shouldn't be, but that is worrisome to me.
Sounds like you went sold short this morning and are now stuck with a loss...