Originally Posted by
Excargodog
Yes. Totally wrong:
Don’t get me wrong, I’m not recommending investing in companies facing bankruptcy, but you asked for an example and you got one.
again if you owned the Q shares you made out. AMR holders got screwed. You need to read your link. Those with preferred convertible also made out as your link said. THese aren’t common share holders. If you buy common today and they file again it’s virtually worthless.
I was only wrong in that common lost 97% of their investment where I thought it was 100%. But if you still held onto that 3% today’s value would be worth 1 penny of what AMR was converted to.