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Dunno, Sonny. Maybe? If they don’t change it
before issuing AAL shares to AAMR holders.
GLTU/A
AAL
The last formula should be used? From April '14?
Great research, everyone. Hopefully we can put this to bed before Christmas
Yeah, even with the current stock failures(me trying to time the market) buying 14K shares most around 2.15-4.15 it was truly a life changer, still have 5K, selling all the way done from 49, to 40 to 30. grateful for whatever is sent, but most grateful to close the books on it. funny how a essential business cant turn a great profit, but crypto's can do what they have done. crazy world we live in. GLTA
Me too.
Just glad to Finally wrap up this amazing payday.
Using the share price that TKane provided based on prior disclosure about the DCR ($25.45/share), and 4.8M shares in the DCR as of 9-30-21, that's $122,160,000, minus the $8.4M for the single-dip claims, and minus the $3M (rounding up from $2.5 and $400K noted in the release), that leaves approximately $110.76M for distribution to holders of the original AAL/AAMRQ stock.
Does anyone know how many of those shares received a distribution in the past so we can narrow down the expectation for this final distribution?
While percentages appear in the details regarding the prior DCR distributions, I haven't located the number of shares that received a distribution. http://www.amrcaseinfo.com/distribution.php
Again, I'll be happy with whatever gets distributed, but it would be nice to narrow it down if we can.
Also, 2cf, here are the share conversions used in the past.
The last one should be used unless AAL updates the page.
>>> http://www.amrcaseinfo.com/distribution.php
Hoping to see something by the Dec. holidays latest. Looks
like they want to do a final distribution before the EOY 2021.
GLTU/A
$$$
Thanks for the clarification. I'll take whatever comes our way. My 19,014 AAMRQ shares have done very well overall, and it will be nice to put closure on this DCR.
2cf, the math would be skewed since the current share price is used.
AAL declares the share price to be used, Since 2/25/20, it is $25.45.
It hasn't changed it since then. http://www.amrcaseinfo.com/dcr.php
Not sure what the final numbers will be.
Just something for the holidays.
Long time waiting for it.
Closes the chapter.
GLTA holders
of AAL &
AAMR
$$$
Using some rough math based on the current price of AAL stock ($20.7/share at the moment), and 4.8M shares in the DCR as of 9-30-21, that's $99,360,000, minus the $8.4M for the single-dip claims, and minus the $3M (rounding up from $2.5 and $400K noted in the release), that leaves approximately $87.96M for distribution to holders of the original AMR stock. How many of those shares have been distributed in the past so we can narrow down the expectation for this final distribution, does anyone know?
I found the DCR remaining share count in the latest financial from AMR (as noted in the "Legal Proceedings" section) . . . " As of September 30, 2021, the DCR held approximately 4.8 million shares of AAG common stock." Here's the link to the source: https://www.sec.gov/ix?doc=/Archives/edgar/data/4515/000000620121000098/aal-20210930.htm#i5183f129c22944acbfdb4b02ae581f48_94
Thanks for sharing. I see the $8.42M to be distributed from the DCR for "single-dip claims", and the $2.5M reserved for the American Labor Allocation, and the notation about the balance of DCR "New Common Stock and cash" to holders of the "allowed AMR equity interests" by December 31, 2021. I don't see--and don't recall--the latest figure for the total amount of new stock and cash remaining the in DCR. Does anyone know that current figure? Rockland, you mentioned the size of the last distribution . . . what figure are you basing that comment on? Thanks to all who may be able to narrow this down a bit.
Glad it's fini. Previous DCR distros were good.
Knew after creditors, the last would be scraps.
Congrats AAMR shareholders!
Check out AAL...or not.
DCR holiday gift
for 2021!
Lol!
GL
So that’s it.
Farewell and goodbye. It’s been a long bittersweet journey here.
My strongest emotion is I REALLY wish I had sold >$40.00… but hey.
SO ORDERED - The Chapter 11 case of AMR is hereby closed.
this looks pretty final distribution amount is pretty small though https://dm.epiq11.com/case/gcgaam/dockets
You beat me to the post. Looks like we’re heading in the right direction either way! Holding for the long here.GLTA $$$$$$$
More news.
The U.S. is about to lift a nearly 20-month international travel ban. what you need to know
https://www.cnbc.com/2021/11/07/us-to-lift-international-travel-entry-ban-here-are-the-rules.html?__source=androidappshare
So what happened with the hearing?
Docket#13397 Agenda of Matters Scheduled for November 4, 2021 at 11:00 A.M. (ET) Filed by Alfredo R. Perez on behalf of AMR Corporation.
with hearing to be held on 11/4/2021 at 11:00 AM at Teleconference Line (CourtSolutions) (SHL) https://dm.epiq11.com/case/gcgaam/dockets
AAL/AAMRQ DCR
am i reading that right, from judge Lane?
Gawd, I hope. GL, Sonny, and DCR Recipients.
Think they're trying to close out AAMRQ in 2021.
Fly American!
AAL/AMRQ
GLA
Any chance we have a resolution on the 4th?
wow, after a long quiet period, the paperwork has been flying tonight. seems like it will never end, some lawyers making a career meal out of it. https://dm.epiq11.com/case/gcgaam/dockets
DCR, just never ending appeals, and then appeals on the appeals. like a divorce, the only people that really make out are the lawyers. hahah
Thanks for sharing. Looking forward. It has been a while.
AAL Q3 2021 10-Q filed via EDGAR today. GL AAL shareholders & AAMRQ (DCR) shareholders.
https://www.sec.gov/ix?doc=/Archives/edgar/data/4515/000000620121000098/aal-20210930.htm
Thanks, onevolt. Here's to Thursday, November 4th, 2021.
After "various...claims", maybe some left for shareholders.
Nothing like flying American!
$AAL/AAMRQ
GLTU/A
$$$
From today's 10-Q filing.
As of September 30, 2021, the DCR held
approximately 4.8 million shares of AAG common stock.
We have filed a motion to close the bankruptcy case, which is set for a hearing on November 4, 2021. If granted, the order will allow us to
settle various bankruptcy-related claims from the DCR, distribute all remaining shares (and accumulated dividends) thereunder and facilitate
an end to the bankruptcy case.
Double-dipping? DCR -and- low-priced 2020 Covid AAL buy?
Hoping most here got in low $10's and getting distro payouts.
Nothing like flying American!
$AAL/AAMRQ
GLTU/A
$$$
Just bought in fingers crossed for tomorrow.
Great. Thank you for the update. Hopefully some good news soon.
Hey Sonny! DCR distribution update: check out docket#13375 https://dm.epiq11.com/case/gcgaam/dockets
contains "Motion for Order Authorizing Release of Excess Reserve Funds Held in Disputed Claims Reserve"
and other wording. It seems they are about ready to close out the Chapter 11 AAMRQ claims case. GLTU/A
AAL
I would not be caught dead investing in airline stocks. Wait for them to tank and buy back pre-recovery when tourism is back to normal!
Why support an industry that is Force vaccinating pilots and crew members... These guys spend most of their life in high altitude/high pressure environments... if anyone's getting impacted by adverse reactions or death due to untested, unproven "Vacc*ines" it's these crews... It's no wonder they're protesting... you won't find it on the media... after all, the media is there to support political agendas... However, check Telegram.
Good luck to you all
Here's to AAMRQ distro pennies by Xmas.
Hate for the old claims to creep into 2022.
AAL
The dregs, trickle, leftovers, end of the line.
Didn’t expect a lot aftercreditors were done.
AAL
Thank you for your research, but man, that's a small number.
Looks like appeals ending. Any distro left? Lol.
AAL
Heading to 25 maybe. An interesting long chart.
Maybe if peeps keep on punching the ask? Lol!
AAL
It’s been a few years. Closer every day.
AAL
They did have a lot of cases to clear from before. Thanks
AAL
Final distribution maybe.
If we are going to get a final distribution it will be from this filing.
After this is executed the case will be closed and then all of those old AAMRQ shares will be deleted from your account.
I don't know what the multiple will be if we receive something.
edit: After looking at some of my old post it looks like it could be around a 0.005
?
Order Signed On 9/8/2021, Granting Reorganized Debtors' Motion To Estimate Maximum Amount Of Proof Of Claim No. 9676 Under Bankruptcy Code Sections 105(a) And 502(c) (Related Doc # [13289]) (Ebanks, Liza)
https://document.epiq11.com/document/getdocumentbycode/?docId=4020749&projectCode=GCGAAM&source=DM
You probably got punched in the mouth for something you shouldn't be doing!
https://www.cnbc.com/2021/09/24/delta-wants-other-airlines-to-share-no-fly-lists-of-unruly-passengers-.html
Pulling your licence to do business in the US is the next step!
never ending appeals on final distribution, this chatroom is dead, no-one posts even updates. someone like to post another chat room that is more active?
well, bears repeating, good lord, close the books on the last BK already, even if it is a small distribution. this is ridiculous.
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What is my tax basis/cost basis/value of the stock for the shares I received from the Disputed Claims Reserve?
If you received shares of American Airlines Group Inc. Common Stock (“AAG Stock”) from the In re AMR Corporation et al. Disputed Claims Reserve (“DCR”) pursuant to the Debtors’ Fourth Amended Joint Chapter 11 Plan (ECF Nos. 10361, 10367, the “Plan”), the fair market value of the AAG Stock that you received will depend on when those shares were distributed.
If you received a “Direct Registration Book-Entry Advice” (an “AST Advice”) from American Stock Transfer & Trust Company, LLC, with respect to those shares, the fair market value of the AAG Stock at the time of each respective distribution from the DCR is set forth below:
Distribution Dates | Fair Market Value (price per share) |
July 1, 2014 | $42.96 |
November 4, 2014 | $42.00 |
February 10, 2015 | $46.53 |
July 14, 2015 | $42.42 |
March 8, 2016 | $42.13 |
August 29, 2017 | $44.95 |
April 9, 2019 | $33.88 |
February 25, 2020 | $25.45 |
Payment of any applicable tax relating to the shares is your responsibility. You are encouraged to consult with a qualified tax advisor for questions regarding your specific tax treatment of shares (including but not limited to the specific computation of tax basis) received from the DCR. The foregoing information does not constitute tax, financial, or legal advice.
If you did not receive an AST Advice and you are an employee or former employee of American, please contact your union or other representative for more information. Otherwise, you may contact GCG at one of the addresses listed on the “Contact Us” Tab.
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