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
Aviation Back in Cross Hairs of Regional Violence "Dow Jones News" - 7/22/2014 4:00:15 PM
American Airlines Names Don Casey Senior Vice President, Revenue Management "PR Newswire (US)" - 7/21/2014 11:00:00 AM
American Airlines Announces Extension Of Exchange Offer For Pass Through Certificates, Series 2013-1 To July 25, 2014 "PR Newswire (US)" - 7/21/2014 8:30:00 AM
International Association of Machinists Workgroups Ratify New Contracts With American Airlines "PR Newswire (US)" - 7/19/2014 11:12:00 AM
American Airlines Group Announces Webcast Of Second Quarter 2014 Financial Results "PR Newswire (US)" - 7/16/2014 2:36:00 PM
American Airlines Group Customers Gain More Access To Finland And Key European Destinations Through Codeshare Agreement With ... "PR Newswire (US)" - 7/16/2014 1:00:00 PM
U.S. Hot Stocks: Hot Stocks to Watch "Dow Jones News" - 7/9/2014 9:22:24 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/9/2014 8:00:35 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/9/2014 8:00:09 AM
American Airlines To Break Ground On Robert W. Baker Integrated Operations Center "PR Newswire (US)" - 7/7/2014 12:00:00 PM
American Airlines Nears Order for 200 CFM Engines for Airbus Planes -Reuters "Dow Jones News" - 7/1/2014 6:51:40 PM
American Airlines Recognizes Employees With The Sixth Annual Earl G. Graves Award For Leadership In Diversity "PR Newswire (US)" - 6/30/2014 12:30:00 PM
Utilities, Airlines Seen At Risk In Second Half Of Year "Dow Jones News" - 6/29/2014 6:17:43 AM
American Airlines Promotes Jeff Plant To Vice President, Dallas/Fort Worth Hub "PR Newswire (US)" - 6/20/2014 11:30:00 AM
American Airlines To Launch New Domestic And International Destinations From Los Angeles This Fall "PR Newswire (US)" - 6/19/2014 12:00:00 PM
Compass Airlines Selected To Operate 20 New Embraer E175 Aircraft Owned By American Airlines "PR Newswire (US)" - 6/18/2014 12:30:00 PM
American Airlines and the International Association of Machinists (IAM) Reach Three Tentative Agreements "PR Newswire (US)" - 6/16/2014 10:15:00 AM
Quarterly Changes to the NASDAQ Q-50 Index "GlobeNewswire Inc." - 6/16/2014 7:15:00 AM
U.S. Stocks Fall; S&P 500 Down For Third Day "Dow Jones News" - 6/12/2014 4:43:41 PM
U.S. Stocks Fall; Dow In Triple-digit Decline "Dow Jones News" - 6/12/2014 2:52:18 PM
U.S. Stocks Edge Lower; Energy Sector Rallies "Dow Jones News" - 6/12/2014 10:29:47 AM
GAO Study Finds Little Decline in Competition on U.S. Air Routes "Dow Jones News" - 6/11/2014 7:00:07 PM
U.S. Stocks Fall; Dow Decline Worst In 3 Weeks "Dow Jones News" - 6/11/2014 4:55:19 PM
U.S. Stocks Retreat From Record; Airline Stocks Slide "Dow Jones News" - 6/11/2014 10:20:33 AM
junkmanlong1   Tuesday, 12/10/13 01:10:43 PM
Re: None
Post # of 17741 
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