Haven't Heard About the Extra 4% in Equity to be Held Aside?

[Bob Owens]

The equity committee made the decision on the distribution. So I agree the part of the union that made the decision should fund the defense of their decision. Locals that represent the AA members should pay, not those members that had nothing to do with it. Pay up Bob.

Ok by me, I want to see our members get every penny they can. Now what about the Locals that don't have the money, should their members have to pay a special assessment or should the International pick it up?
 

No spin. You said liquidate now own it. You lied.
 

Infantile.

Rejection never means you get an automatic release by the NMB. That's what you believe but that is not what always happens.
 

Automatic? No the Union has to ask for it, one thing for sure is if nobody ever asks the NMB will never release to the next step in the process. Show me an example of section six where an airline was in negotiations for several years, they brought back a TA to a vote, the members rejected the TA, the Union requested a release and they were denied. Ill give you three for every one where under those conditions they were;
Spirit. vs Pilots
AA vs APA
AA vs APFA
 

The AA locals made the decision, not the international. Pay to defend the decision with the AA locals members money.
 

We heard you the first time,

So Peterson has the authority to sign off on LOAs that affect the entire M&R membership? That would be a no. Doyle has that authority, not Peterson
 

.
Did Videtich? Everything I recall was signed by Gless.

 

 
 How about your wages being paid for through a secret letter between Peterson and Durst?
 

 
Not very secret, and its half my wages.

 

 
You guys wouldn't take on the company because you have a hand in their pocket. You are exactly like the people you claim were corrupt.
 

 
In their pocket?  Don't think they would be too comfortable with that. Yes I get A-12 travel when on UB, not for personal use (believe the RLA has language about free travel on the carrier, maybe just for negotiations) not A-4 or 5 with my family. My frozen pension from AA is based upon my wages from AA back in 2000, not "the wages reported by the Union" up to 2011. I can be removed through recall at any time and I was elected to this spot by popular vote, not sucking up to the International. So how am I exactly like the people you say  I claimed were corrupt?

 

[Bob Owens]

Lost completely? Not true. The funding changed to SK time instead of prefunding.

So you are admitting to partial loss of retiree medical?

That's partial progress.

For four years you and NYer claimed "all they did was change the way we pay for it". Making it seem like it was no big deal when in fact they changed the cost and type of insurance as well, from where everyone who paid into prefunding for at least10 years would get Retiree Medical without further cost for life even if you retired at 55 to a plan where it would be impossible for you to accumulate enough sick time to cover you from 55 to 65, and then you were on your own and got nothing from AA, so the plan went from whole life coverage to term coverage. So members lost whole life, lost prefunding, lost the ability to retire at 55 with retiree medical and were to be charged four times as much as their peers paid for similar term insurance.

thats a lot more than "just changing the way we pay for it". In other words, "you lied".

 

[Overspeed]

Ok by me, I want to see our members get every penny they can. Now what about the Locals that don't have the money, should their members have to pay a special assessment or should the International pick it up?
 
Infantile.
Automatic? No the Union has to ask for it, one thing for sure is if nobody ever asks the NMB will never release to the next step in the process. Show me an example of section six where an airline was in negotiations for several years, they brought back a TA to a vote, the members rejected the TA, the Union requested a release and they were denied. Ill give you three for every one where under those conditions they were;
Spirit. vs Pilots
AA vs APA
AA vs APFA
 
We heard you the first time,
.
Did Videtich? Everything I recall was signed by Gless.
 
 
Not very secret, and its half my wages.
 
 
In their pocket?  Don't think they would be too comfortable with that. Yes I get A-12 travel when on UB, not for personal use (believe the RLA has language about free travel on the carrier, maybe just for negotiations) not A-4 or 5 with my family. My frozen pension from AA is based upon my wages from AA back in 2000, not "the wages reported by the Union" up to 2011. I can be removed through recall at any time and I was elected to this spot by popular vote, not sucking up to the International. So how am I exactly like the people you say  I claimed were corrupt?

 
Local 591 has failed to let the members vote on approving their own bylaws which contained your raises. If you had nothing to fear and you believe in the members right to decide then you would have argued to put the bylaws up to a vote. If they were bad you are worse.
 
Peterson does less than Videtich. Peterson does not oversee all of AA M&R.

 

[TWU informer]

 
Local 591 has failed to let the members vote on approving their own bylaws which contained your raises. If you had nothing to fear and you believe in the members right to decide then you would have argued to put the bylaws up to a vote. If they were bad you are worse.
 
Peterson does less than Videtich. Peterson does not oversee all of AA M&R.

The wonderful story of "As the TWU turns"
Such a dysfunctional union!

 

[AANOTOK]

So did you, does that mean you want it to happen? I'm not denying what I said, I'm rejecting your and his interpretation of it. The statement speaks for itself. To say what I wanted is conjecture.

Bob, I can't respond logically right now (but I will soon) because the SPIN just knocked my ass to the floor.
When I get up and regain my senses, I will dig this crap up. It's pretty obvious what you said and meant.

 

[Bob Owens]

Just post the whole thing and not just selected sentences or words.

 

[dfw gen]

 
Local 591 has failed to let the members vote on approving their own bylaws which contained your raises. If you had nothing to fear and you believe in the members right to decide then you would have argued to put the bylaws up to a vote. If they were bad you are worse.
 
Peterson does less than Videtich. Peterson does not oversee all of AA M&R.

you mean he screwed all of aa m&r single handed?

 

[WeAAsles]

Even though the merger of American Airlines and US Airways closed in December, bringing the former AMR Corp. out of bankruptcy, shareholders of American's old parent company had to wait 120 days before they could realize the full value of their shares under a complicated equity distribution formula approved by the bankruptcy court.
AMR shareholders were only guaranteed to own 3.5 percent of the newly merged airline and initially received just 0.067 shares of AAL for each share owned. Many shareholders were confused on how their shares, which were worth $11.39 the day before the merger closed, were only worth $1.60 once the two airlines combined.
But the equity distribution formula included additional shares for creditors, labor unions and old AMR shareholders at 30, 60, 90 and then 120 days after the merger, based on the current value of the stock. Since AAL shares have continued to rise in price, more shares were distributed, and to date, AMR shareholders have received 0.54 shares of AAL stock for each share of AMR stock they owned.

http://www.sacbee.com/2014/04/03/6293884/amr-investors-stand-to-profit.html

Read more here: http://www.sacbee.com/2014/04/03/6293884/amr-investors-stand-to-profit.html#storylink=cpy

 

[AANOTOK]

Alrighty then, a hypothetical for NYer...Let's say AA's stock closes at $38.00 Wednesday 4-9 (120 days). It has been tanking the last couple of days (now $36.64). What amount of shares (approx) do I have remaining based on the initial disbursement price and the closing disbursement price if it is $38.00. Of course taking the 14% away as well. I see your moniker with pen and paper, start adding and subtracting (more subtracting I'm sure) B)

 

[AMFAinMIAMI]

Alrighty then, a hypothetical for NYer...Let's say AA's stock closes at $38.00 Wednesday 4-9 (120 days). It has been tanking the last couple of days (now $36.64). What amount of shares (approx) do I have remaining based on the initial disbursement price and the closing disbursement price if it is $38.00. Of course taking the 14% away as well. I see your moniker with pen and paper, start adding and subtracting (more subtracting I'm sure) B)

 
My opinion is that we will get Zero..
 
As the stock has gone up in value the amout we get went down so with the 14% and the value having gone up zero.
 
IF we get any more my thought it will be just like the last disbursements, under 15 shares.
 
Don't look for a big pay day you will be disappointed.

 

[DallasConehead]

Alrighty then, a hypothetical for NYer...Let's say AA's stock closes at $38.00 Wednesday 4-9 (120 days). It has been tanking the last couple of days (now $36.64). What amount of shares (approx) do I have remaining based on the initial disbursement price and the closing disbursement price if it is $38.00. Of course taking the 14% away as well. I see your moniker with pen and paper, start adding and subtracting (more subtracting I'm sure) B)

If your a 27 year guy, 6500 - taxes- twu charity. About 3500

 

[NYer]

Alrighty then, a hypothetical for NYer...Let's say AA's stock closes at $38.00 Wednesday 4-9 (120 days). It has been tanking the last couple of days (now $36.64). What amount of shares (approx) do I have remaining based on the initial disbursement price and the closing disbursement price if it is $38.00. Of course taking the 14% away as well. I see your moniker with pen and paper, start adding and subtracting (more subtracting I'm sure) B)

 
The value we each is dependent on an average of the stock price over a 30 day period and not the price on one given day.
 
First, we need to understand that Equity is to paid back for the losses taken in BK as creditors. The maximum a creditor can receive is up to 100% of the value they lost, plus interest, with that value to be paid in shares and the total value being set of day 120.
 
So, if it is correct that we received approximately 50% of the total value on Day 1 (an amount calculated before taxes) then all you need to do is double that amount and subtract the value of all the shares received and that will give a rough estimation of what's left.
 
In other words, if you received 400 shares @ $22.55 that would be about $9,000. So if the estimates of getting 50% of the value on day 1 is accurate, it means the total should be around $18,000. Since Day 1, let's say you received 20 shares at 30, 60 and 90 days (before taxes) to give you a total of 460 shares. Now, take the value of the total shares you have with the share price at around $36 or $37 and that gives you about $16500 and $17000 which means you should get sufficient shares to make up the value missing from the estimated of the total from Day 1.
 
The whole thing is much more complicated than this, but that is general or basic idea and obviously the numbers of the totals will vary.

 

[Zom JFK]

deleted

 

[Zom JFK]

Bob, I can't respond logically right now (but I will soon) because the SPIN just knocked my ass to the floor.
When I get up and regain my senses, I will dig this crap up. It's pretty obvious what you said and meant.

Yes it is obvious what Bob said and meant. He would rather, as a last resort, see AA liquidate than keep giving back till his job and proffesion aren't worth having. I agree with him.

 

[DallasConehead]

The value we each is dependent on an average of the stock price over a 30 day period and not the price on one given day.
 
First, we need to understand that Equity is to paid back for the losses taken in BK as creditors. The maximum a creditor can receive is up to 100% of the value they lost, plus interest, with that value to be paid in shares and the total value being set of day 120.
 
So, if it is correct that we received approximately 50% of the total value on Day 1 (an amount calculated before taxes) then all you need to do is double that amount and subtract the value of all the shares received and that will give a rough estimation of what's left.
 
In other words, if you received 400 shares @ $22.55 that would be about $9,000. So if the estimates of getting 50% of the value on day 1 is accurate, it means the total should be around $18,000. Since Day 1, let's say you received 20 shares at 30, 60 and 90 days (before taxes) to give you a total of 460 shares. Now, take the value of the total shares you have with the share price at around $36 or $37 and that gives you about $16500 and $17000 which means you should get sufficient shares to make up the value missing from the estimated of the total from Day 1.
 
The whole thing is much more complicated than this, but that is general or basic idea and obviously the numbers of the totals will vary.

Minus TWU charity and the IRS.