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#1
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AMR Bankruptcy Cancels The Common Stock?
I dunno
Delta, United, Conti, USA and others APPARENTLY bankrupted to kick/ un-encumber their pension legal responsibilty (ies) and/or whatevers these are legal and moral issues which are semi great for discussions but i greedily am only interested in taking advantage (and usually losing my ass) opportunistic capitalism, which is another issue & quasi wonderful for cogitation (and adding that officious Congressional annointed pizza & catsup veggies to cottage cheese) AMR is today about 69 cents a share, i dunno about their preferred stocks and bonds prices IN OTHER WORDS: apparently most investors ("the market") think the common stock will be cancelled/worthless, and completely new issue coming out of bankruptcy what is the gossip in the pilot lounges etal saying about this? do you think the current AMR common stock to be worthless, or perhaps to be diluted/de-valued so much it ain't even worth the 69 cents plunge bet |
#2
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AMR Bankruptcy Cancels The Common Stock?
I would be astonished if AMR common ended up being worth more than
$0.00. Bankrupt means your debts exceed your assets, and the common stockholders come last in line after all of the debts and preferred stock are paid off. The real question is who is paying as much as 69 cents for it. R's, John -- misc.travel.air-industry is a moderated newsgroup. Please mail messages to , and see http://mtai.airinfo.aero for the FAQ and policies. |
#3
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AMR Bankruptcy Cancels The Common Stock?
On Dec 9, 5:22*pm, John Levine wrote:
I would be astonished if AMR common ended up being worth more than $0.00. *Bankrupt means your debts exceed your assets, and the common stockholders come last in line after all of the debts and preferred stock are paid off. The real question is who is paying as much as 69 cents for it. R's, John -- misc.travel.air-industry is a moderated newsgroup. Please mail messages to , and seehttp://mtai.airinfo.aerofor the FAQ and policies. Yes and no in my observation: bankrupts, especially in chapter 11, do trade, it's another art for accountant heads to play In some if not most bankruptcies---including apparently all of the legacy airlines--they cancel the common: yes, and AMR will seemingly do likewise. believe it or not, there are shares nevertheless of some "cancelleds" that are semi infintely traded as low as $0.0001 per share there are almost a bazillion less than one dollar stocks, and it is rumored (especially by the gops and apostate democrats) a few companies on life support some idiots (including a familiar if not peculiar semi un-handsome poster) gamble in the cruddies -- misc.travel.air-industry is a moderated newsgroup. Please mail messages to , and see http://mtai.airinfo.aero for the FAQ and policies. |
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