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

[AMFAinMIAMI]

 
It's actually 28% of what was received on day one, in value, not shares.

 
 
NYer
 
As u requested I am here to say I was wrong in my estimate of what we would recieve. I am surprised at the number its larger than I figured
we would get. But as I can see many as I did say are unhappy with the amount.
 
They were expecting much more, but did not remember that they did say upfront as the stock value went up the number of shares would go down.
 
Now for the 14% now how that will get brought back to us, I am real sceptical thjat we will ever see that money/stock.
 
Lets hope we get our PREfunding back. That was my big concern anyway.

 

[Flying low]

Yea I was off big time also $^&$ the twu  14% my ass
 
enough already

I think the 14% deal is the last nail in the "coffin" for the TWU. Once AMFA' s burned burgers start coming off the grill more and more of tulsa's amt's will change their minds.

 

[NYer]

 
 
NYer
 
As u requested I am here to say I was wrong in my estimate of what we would recieve. I am surprised at the number its larger than I figured
we would get. But as I can see many as I did say are unhappy with the amount.
 
They were expecting much more, but did not remember that they did say upfront as the stock value went up the number of shares would go down.
 
Now for the 14% now how that will get brought back to us, I am real sceptical thjat we will ever see that money/stock.
 
Lets hope we get our PREfunding back. That was my big concern anyway.

 
Unless the Early Out suit prevails and they get their share of the 14%, we will get at least the 10% set aside for them. The Judge that ordered the 14% be held also had it stipulated that 10% of that total was for the "exclusive" purpose of paying out the plaintiffs in the event they prevail.
 
The Judge even set a time frame of 30 days from any decisions in favor of the TWU to re-distribute at least the 10% held for the plaintiffs, back to the Members.

 

[FWAAA]

The holders of AMR, which in every other airline bankruptcy would have been cancelled, wind up with about $11 billion of value in the form of new AAL, while the employees get shafted.   Although the worthless union provided you guys with nothing of value during the Ch 11 case, the other unions (APA and APFA) similarly dropped the ball.   None of them served their members particularly well.      
 
The holders of the old stock wind up with a fortune, the LCC stockholders gain billions of dollars, the executives become wealthy and the employees get practically nothing.   
 
AAL has a fully diluted market cap of more than $24 billion even after the sell-off, and it looks like the employees got less than a billion dollars of that.   Sad.   

 

[NYer]

The holders of AMR, which in every other airline bankruptcy would have been cancelled, wind up with about $11 billion of value in the form of new AAL, while the employees get shafted.   Although the worthless union provided you guys with nothing of value during the Ch 11 case, the other unions (APA and APFA) similarly dropped the ball.   None of them served their members particularly well.      
 
The holders of the old stock wind up with a fortune, the LCC stockholders gain billions of dollars, the executives become wealthy and the employees get practically nothing.   
 
AAL has a fully diluted market cap of more than $24 billion even after the sell-off, and it looks like the employees got less than a billion dollars of that.   Sad.

All the Creditors received 100% of the value they lost while in the BK process. The stockholders, which usually receive nothing, gets the profits.

 

[screwed again]

 
It's actually 28% of what was received on day one, in value, not shares.

Holy S&$#! Are you attached to the TWU C*&%? 28% of the Value? They should have had you write the explaination of 120 distribution. No where did it say anything of expect 25% of the day one VALUE. Spin it!!!

 

[NYer]

Holy S&$#! Are you attached to the TWU C*&%? 28% of the Value? They should have had you write the explaination of 120 distribution. No where did it say anything of expect 25% of the day one VALUE. Spin it!!!

If the amount of shares was dependent on the share price then the determining factor of what the Creditors get is based on VALUE paid in shares.

 

[FWAAA]

All the Creditors received 100% of the value they lost while in the BK process. The stockholders, which usually receive nothing, gets the profits.

No, the employees received 100% of their claim as negotiated by their worthless A-Hole union leaders.   
 
Other non-employee creditors received 100% of their claims as well, but they non-employee creditors weren't represented by ignorant morons.  

 

[screwed again]

Bottom line. We were mislead, if lead at all, from day one. There should have been explainations throughout the entire BS process. Instead we get a Q&A about how we got f%$#ed after we got f#$%ed. Again,m anything that has to do with money, the company, or this union.....half empty.

 

[MetalMover]

Holy S&$#! Are you attached to the TWU C*&%? 28% of the Value? They should have had you write the explaination of 120 distribution. No where did it say anything of expect 25% of the day one VALUE. Spin it!!!

You do have to take into account that the first distribution we got on 12/9/13 was based on the stock being $22.55.   The final distribution stock price is $35.78. That's almost a 58-59% increase over the first. You have to include the earnings since then in the formula.
So give or take a percent or two, 58-59% (increase over 1st distribution) + 14% (TWU theft share)+26% (my percentage of final distribution compared to the first) + the earnings on the 1/9, 2/10/, 3/9 distributions = almost 100%, give or take a percentage or two....
Don't get too bent out of shape about the final distribution being just a fraction of the first. Get bent out of shape with the TWU.
 
I understood from the beginning that earnings/ increase in value stock would affect how many shares. I don't have a problem with that. My problem is with the TWU taking what they did. It is outrageous.
 
Had enuf of the TWU yet? 

 

[1AA]

<snip>
 
Had enuf of the TWU yet? 

I did 30 years ago!!!

 

[NYer]

No, the employees received 100% of their claim as negotiated by their worthless A-Hole union leaders.   
 
Other non-employee creditors received 100% of their claims as well, but they non-employee creditors weren't represented by ignorant morons.  

 
Duly noted. The employees received 100% but were represented by worthless union leaders, while the non-employee creditors received 100% of the claims as well. The difference, in your mind, being that they weren't represented by the "worthless."

 

[NYer]

Bottom line. We were mislead, if lead at all, from day one. There should have been explainations throughout the entire BS process. Instead we get a Q&A about how we got f%$#ed after we got f#$%ed. Again,m anything that has to do with money, the company, or this union.....half empty.

 

You do have to take into account that the first distribution we got on 12/9/13 was based on the stock being $22.55.   The final distribution stock price is $35.78. That's almost a 58-59% increase over the first. You have to include the earnings since then in the formula.
So give or take a percent or two, 58-59% (increase over 1st distribution) + 14% (TWU theft share)+26% (my percentage of final distribution compared to the first) + the earnings on the 1/9, 2/10/, 3/9 distributions = almost 100%, give or take a percentage or two....
Don't get too bent out of shape about the final distribution being just a fraction of the first. Get bent out of shape with the TWU.
 
I understood from the beginning that earnings/ increase in value stock would affect how many shares. I don't have a problem with that. My problem is with the TWU taking what they did. It is outrageous.
 
Had enuf of the TWU yet? 

 
The 14% was set aside by Court Order, and also protected by that same Order.

 

[DallasConehead]

And, it is gone forever....

 

[HMK]

Duly noted. The employees received 100% but were represented by worthless union leaders, while the non-employee creditors received 100% of the claims as well. The difference, in your mind, being that they weren't represented by the "worthless."

If we employees/members received 100%, less whatever percentages the TWU is withholding, then please explain to me what happens to all the fractional shares that were not given out. Doing the math, just on one distribution I should have received 14.99 shares, but I was only given 14 shares. What happened to remainder of those shares? If you add up all the fractional shares that were not given out, that adds up to a lot of money! Nyer you seem to have all the answers. Please explain where are these extra shares? At some point all the fractional shares we did not receive add up to whole shares!