Quote:
Originally Posted by alfaromeo
The value of their recovery is fixed. I don't know the exact share price it was fixed at, but that was much closer to when we exited bankruptcy. What they did with the stock after that does not change their recovery. I don't know if they held onto the stock or liquidated it. Either way it won't affect our PC-5 benefits.
That's highly unfortunate.
It means they calculated the recovery based on a stock price in the teens.
What's it today? Right around $40? Ouch.
The hits just keep on comin' for us deadzoners.