Originally Posted by
stbloc
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.
not true. if you held AMR it turned into AAMRQ stock when AA declared BK, AAMRQ then was converted to AAL stock at about a 1 share of AAMRQ =.75 shares of AAL.( I believe the exact number was .787) If you held AMR stock in 2011 and did not sell it, you had AAL stock in 2015