TWU.....Transparency Now on Equity Distribution!

[AANYER]

NYer,
 
Now that bits and pieces and coming out.  Why don't you provide us with the all in rates for the 9,652 M&R Guys and Gals.  Those are the only pieces of the puzzle that we are now missing.

 

[NYer]

HMK
 
Looked into that formula again and compared it to the powerpoint presentation and documents from the roadshow on 514's site.  Can you or whoever came up with this formula give us a reason that you left off half of the data that was on the presentation, or the disclaimer on the document that said the "higher the trading price the fewer the shares allocated to the unsecured creditors pool including labor"?
 
You included the 23 million shares estimate, but left out the part that said that the example was at $14.50 a share.
 
You also left out the part that showed an award at $16,600 for an AMT
 
Finally, if you would of put the 23 million shares into your calculator at $14.50 a share, you would of come up with $333 million of value
 
Doing that would have saved all of us a whole lot of time and 11 pages on this forum.
 
I am just thankful that I only lost a stamp and an hour of time.  Some of the guys here paid for return receipt requested, and they are not happy for being duped by this formula.
 
 

 
The PPT mentions that the examples used to show how the formula works use assumptions illustrative purposes only. One of the slides also included these bullet points:
 
•These examples rely on a hypothetical amount of shares that the TWU will receive and a hypothetical share price for those shares.
 
•The actual number of shares that the TWU receives and their value could vary greatly from these examples and will be based on a number of factors currently unknown to the TWU.
 
•The actual number of shares that you receive will be based on your eligibility to participate in the various components of the TWU Equity Distribution Plan and the number of shares that the TWU actually receives from New American.

 

[NYer]

NYer,
 
So the initial distribution counts against my overall claim, in that as the value of my initial shares received appreciate, I may not receive any additional shares.  More importantly,  my initial distribution may and can satisfy that total claim.  For example, If the shares rise and stay above $43 for a pretreated period, we potentially will not receive any more distributions.  Meaning the initial distribution was sufficient. Are the above statements correct?

 
Correct. And the same holds true if the shares go down in price as you would stand to receive more shares to make up the value.

 

[NYer]

NYer,
 
Now that bits and pieces and coming out.  Why don't you provide us with the all in rates for the 9,652 M&R Guys and Gals.  Those are the only pieces of the puzzle that we are now missing.

 
Don't have that and not sure why you'd think I would. If I did, it would be out there. That may be a number that is not released by the Company for public consumption as the APA was told with a piece of their formula.

 

[AANYER]

NYer,
 
So this is what a 23 Yr AMT would receive approximately after Exp. and Reserves if the claim is @ 330M. Additionally, The TWU did not award us out Shift differential.  What are the actual all in rates?

Components

Components %'s

M&R Portion of Total TWU Shares

Individual Comp %'s

Individual Shares

Scope

22.9147%

3,442,429.09

0.0117%

403.20

Pension

9.8081%

1,473,451.05

0.0112%

165.52

Me-Too

19.3498%

2,906,881.37

9652

301.17

Health Ins.

1.5628%

234,776.29

9652

24.32

757 Griev. (if awarded)

1.8292%

274,797.02

0.0112%

0.00

 

 

 

 

 

Shares

55.4646%

8,332,334.82

Shares Owed

894.22

 

 

 

Stock price

$22.55

 

 

 

 

 

Total Value of Shares

 

 

 $20,164.67

 

[AANYER]

Components

Components %'s

M&R Portion of Total TWU Shares

Individual Comp %'s

Individual Shares

Scope

22.9147%

3,442,429.09

0.0117%

403.20

Pension

9.8081%

1,473,451.05

0.0112%

165.52

Me-Too

19.3498%

2,906,881.37

9652

301.17

Health Ins.

1.5628%

234,776.29

9652

24.32

757 Griev. (if awarded)

1.8292%

274,797.02

0.0112%

0.00

 

 

 

 

 

Shares

55.4646%

8,332,334.82

Shares Owed

894.22

 

 

 

Stock price

$22.55

 

 

 

 

 

Total Value of Shares

 

 

 $20,164.67

 

[Tex-Mech]

AANYER
 
Your math is way off in the health insurance and 757
 
Multiply the share price from yesterday by the number of shares you show and you are paying way more than they said we are getting for those.  Not that I am complaining if they pay us more.

 

[HMK]

HMK
 
Looked into that formula again and compared it to the powerpoint presentation and documents from the roadshow on 514's site.  Can you or whoever came up with this formula give us a reason that you left off half of the data that was on the presentation, or the disclaimer on the document that said the "higher the trading price the fewer the shares allocated to the unsecured creditors pool including labor"?
 
You included the 23 million shares estimate, but left out the part that said that the example was at $14.50 a share.
 
You also left out the part that showed an award at $16,600 for an AMT
 
Finally, if you would of put the 23 million shares into your calculator at $14.50 a share, you would of come up with $333 million of value
 
Doing that would have saved all of us a whole lot of time and 11 pages on this forum.
 
I am just thankful that I only lost a stamp and an hour of time.  Some of the guys here paid for return receipt requested, and they are not happy for being duped by this formula.
 
 

Tex-Mech,
 
I thank you for giving me a lot more credit than I deserve. You are quick to blame me for duping the membership. How exactly did I  dupe anyone, all I did was start a post asking for the TWU to give us ALL of the data that they used to determine what each individual was to receive.  You had every right not to submit an appeal, if you were satisfied with not having all of the information. Those that spent more for return receipt mail, should be angry at the TWU for not being more up front with its membership from the start. A lot of stamps could have been saved.
 
I do agree with you, we could have saved a lot of time on this thread, had the TWU supplied us with all information from the start, as the other unions did with their memberships. 

 

[Tex-Mech]

Was it not your calculator?  Because the properties on the excel calculator that was emailed to me has your last name as the creator.  If it wasn't you, I do apologize. 
 
I went to the meeting that they had here, and it was rather clear that the exact value would not be known until day 120 because it was still unknown how many creditors were being paid off.  They also mentioned the unknown was the old shareholders percentage because that went up with the stock price.  And they mentioned that the money was in exchange for the scope, pension and me too concessions.  Did you go to the meeting? 

 

[1AA]

Is it asking way too much for the numbers on how they achieved my first distribution?
I would like to confirm the numbers just like most AMT's at American.
What is the big secret?

 

[AANYER]

Tex Mex,
 
It's simply, transparency now.  If the TWU came out with each and every TWU represented employees' percentages before the distribution, we would not be in this public forum asking for this data. I'm sure you would agree, correct?

 

[swamt]

And you guys continue to allow the TWU to represent you for a fee paid to the TWU each and every year.  PATHETIC!!!  When will you guys learn?  Never apparently, as this crap has been going on for well over 3 decades now,  WOW!!

 

[Tex-Mech]

AANYER
 
Of course I would like to see the percentage I received, but I also know that it doesn't change the fact that the overall number of shares won't be known till day 120, and I still have plenty of time to appeal once we reach day 120. 
 
And I would expect you to agree that those responsible for causing a panic with the calculator, when we still have just under 120 days left to appeal, was not smart at all.  
 
I have watched mechanics since HMK's calculator came out arguing with each other, spending money overnighting there appeals, and believing that they were suddenly getting a bunch more money. A freaking emotional rollercoaster that they didn't need, and it cost them money. 
 
You seem reasonable, and I am sure that you would also agree that HMK should apologize for that calculator.
 
If you want to know how stocks or the distribution really works, do what I did and research it.  I also found plenty of info on 514's and 591's website.  591 has a whole page of stuff to read in the equity link on the side of the page.  I recommend the BK Court Rothchild paper if you are into long dry reading, but explained how the AMR shareholders get all the money.  Told me everything I needed to know about this.

 

[MetalMover]

This is why I personally don't want stock as a form of compensation. I would prefer to receive consistent cash increases in salary, small or large.

 

[1AA]

I thought that the first distribution was the only one that taxes would be deducted from. I just looked at Epays and another statement dated the 10th of January. It has taxes deducted from my second distribution. I thought I read somewhere that all future distributions would not have taxes deducted until you cash out and file your taxes with the IRS for that year? I still do not know how they came to this amount on my second distribution. Anyone have the numbers for the formula? Oh thats right that is why we are all here on this forum waiting to see what the TWU comes up with.