Originally Posted by
Justdoinmyjob
You might want to double check that. Anyone holding stock in a bankrupt company gets nada when the new stock is issued. Only those who are creditors get the new stock. Stockholders are not considered creditors. Bond holders are. Which are you?
This particular bankruptcy is different...AAMRQ stock holders will gain shares of the new AAG. Here's a great article if you're into investing.
AMR Corporation Is A Bargain [US Airways Group Inc] - Seeking Alpha
Additionally, I've heard elsewhere that when the merger is completed AAMRQ holders will hold an amount of shares of AAG to equal approximately 72% of the price of what LCC traded on the last day prior to the merger (i.e. if it was today, AAMRQ would get $16 a share). This is more of a WAG though.