Fidelity SPDR Advertisement
Home > Boards > US Listed > Automotive and Transportation > American Airlines (AAL)

AAMRQ distribution formula

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
junkmanlong1 Member Profile
 
Followed By 8
Posts 105
Boards Moderated 0
Alias Born 10/02/07
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/19/2014 7:02:57 AM
American Airlines and Interjet Announce Codeshare Agreement "PR Newswire (US)" - 12/18/2014 9:00:00 AM
Avianca Brasil Joins UATP Network As A Merchant "PR Newswire (US)" - 12/16/2014 8:00:00 AM
American Airlines Rewards Its Customers With Lucrative Mileage Promotion For 2015 "PR Newswire (US)" - 12/15/2014 8:54:00 AM
How Cheap Oil Complicates Investing "Dow Jones News" - 12/13/2014 8:41:07 PM
Annual Changes to the NASDAQ-100 Index "GlobeNewswire Inc." - 12/12/2014 8:05:00 PM
American Airlines To Add Inflight Internet Access To Nearly 250 Regional Jets "PR Newswire (US)" - 12/11/2014 9:00:00 AM
Military Families Make New Holiday Memories In North Texas With Snowball Express And American Airlines "PR Newswire (US)" - 12/10/2014 12:00:00 PM
American Airlines 'Going For Great' With More Than $2 Billion In Planned Customer Improvements "PR Newswire (US)" - 12/8/2014 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 12/8/2014 8:01:29 AM
American Airlines Group Reports November Traffic Results "PR Newswire (US)" - 12/8/2014 8:00:00 AM
Challenges Await Year Two of American Airlines-US Airways Merger "Dow Jones News" - 12/6/2014 1:30:24 PM
American Airlines, Dallas Mavericks And Abacus Host 10th Annual Seats For Soldiers Event "PR Newswire (US)" - 12/5/2014 10:00:00 AM
Correction to La Compagnie Fares Story "Dow Jones News" - 11/25/2014 3:59:45 PM
Correction to La Compagnie Fares Story "Dow Jones News" - 11/25/2014 3:59:45 PM
La Compagnie Will Add NY-London to its NY-Paris Offering in March "Dow Jones News" - 11/25/2014 3:55:33 PM
American Waives Re-Scheduling Fee on Some Nov. 26 Flights "Dow Jones News" - 11/24/2014 6:30:14 PM
American Airlines Assists Customers Affected By Snow In The Northeast "PR Newswire (US)" - 11/24/2014 5:25:00 PM
Wal-Mart Adds Former American Airlines CEO Horton to Board "Dow Jones News" - 11/24/2014 10:20:07 AM
Wal-Mart Adds Former American Airlines CEO Horton to Board "Dow Jones News" - 11/24/2014 10:01:24 AM
American Airlines To Offer Second Daily Flight From Philadelphia To London "PR Newswire (US)" - 11/24/2014 9:27:00 AM
American Airlines Soars For 13 Years With Perfect 100 Percent Score On Human Rights Campaign's 2015 Corporate Equality Index "PR Newswire (US)" - 11/19/2014 10:00:00 AM
American Airlines Honors U.S. Service Members And Veterans With Initiatives And Events "PR Newswire (US)" - 11/11/2014 9:00:00 AM
American Airlines Statement On New U.S. And China Visa Policy "PR Newswire (US)" - 11/10/2014 3:33:00 PM
U.S. Hot Stocks: Hot Stocks to Watch "Dow Jones News" - 11/10/2014 9:52:14 AM
junkmanlong1   Tuesday, 12/10/13 01:10:43 PM
Re: None
Post # of 22009 
AAMRQ distribution formula

AAMRQ 394.2 million fully diluted outstanding shares
AAMRQ debt with VWAP discount (5.655 claims / 0.965 discount) = $5860 million
AAMRQ debt $5.860 Billion claims + 1.817 billion owed union = $7677 million
AAL 756 million outstanding shares
source sec 8k filing

AMR stakeholders get 72% of the new company
Source BK dockets
Subtract out the 3.5% initial and AMR stakeholders get 68.5% at the distribution periods.
[(AAL * 756 million * 68.5% ) – 7677 million ]/394.2 million
Simplified
(AAL * 1.314) – 19.47 = AAMRQ value
(25 * 1.314) – 19.47 = $13.38
To calculate shares
([(AAL * 1.314) – 19.47] / AAL) * number of AAMRQ shares = AAL shares

So if you have 1000 shares and the stock stay at $25 for the 120 day distribution period.
Initial distribution 3.5% of the common goes to AAMRQ stockholders
1000 * [(756 million * 3.5%) / 394.2] = 67 AAL shares
Then for the next 4 distributions at 30,60,90 and 120 days
For each distribution 1000 / 4 = 250 AAMRQ shares
@30 ([(25 * 1.314) – 19.47] / 25) * 250 AAMRQ shares = 134 AAL shares
@60 ([(25 * 1.314) – 19.47] / 25) * 250 AAMRQ shares = 134 AAL shares
@90 ([(25 * 1.314) – 19.47] / 25) * 250 AAMRQ shares = 134 AAL shares
@120 ([(25 * 1.314) – 19.47] / 25) * 250 AAMRQ shares = 134 AAL shares
If AAL stays at $25 and you had 1000 AAMRQ shares at the end of 120 days you should have 603 AAL shares
IMO..JML

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist