Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Didn't he mention in the letter that would put a PR out by JAN15, is this correct
But today's move may indicate that there could be some value after all, doesn't it?
It may though ... Many thanks
On which site?
Why it is so? To me it looks like a regular taxi meter ... Does it?
Maybe the number shares you owned after the RS did not make the cut and you are not receiving anything ... I am not sure which is the cut, but I guess that if the remaining value was less than 100$, you get zero
none ... of course
FARE Security Details
Share Structure
Market Value1 $23,907,018 a/o Dec 26, 2012
Shares Outstanding 146,668,825 a/o Nov 09, 2012
Float Not Available
Authorized Shares Not Available
Par Value Not Available
source: otcmarkets.com/stock/FARE/company-info
I am sorry for my ignorance ... Where could I look for the bonds quotes?
Ok - thanks
Thanks HTA ... I noticed that, however I am still wondering which are the facts, levers, situations ... That make a BK stock to have real value ... In short, when a BK stock is not terminated?
We have seen PPC exchanged at full value when acquired by JBS ... But when a company emerges from BK ... Which would be the signs that will preserve its value?
Updated GEAR's website with new faces - Cory Howden as CEO & Derek Ivany as GM
Let's hope these guys bring us positive news & fresh money pretty soon!!
Have a great holiday's season!!
Ok - many thanks for sharing your thoughts
Ok - but then why is it experiencing this kind of movement?
In the WAMU story, did the pinky experienced the same kind of movement that AAMRQ is experiencing right before the ruling or BK exit??
But is there an offer on the table? They would like to ... Is there one? And if so, wouldn't it may cover (totally or partially) commons?
Secondly, and if it comes out of BK alone ... What could happen?
I believe this is not the regular BK case, it was a defensive one to get better labor conditions as well as to renegotiate pension 's hole - isn't it?
Many thanks
Ok - but for instance in the PPC case where it was acquired by Brazilian JBS, stock was exchanged I believe at 100% .... I addition, AMR has a relatively solid cash position (or at least it used to have, haven't followed their financials) ...
.... So because there is a possibility (remote though) for the commons to come out intact, would you happen to know under which extraordinary conditions this may happen?
How creditors & shareholders have fared in prevoius airline BKs?
A) Only one large BK airline since 2001 where existing equity holders received any recovery for shares
B) 71% of large BK airline since 2001 where unsecured creditors have received less than 10% recovery on claims
C) 26% average % recovery that unsecured creditors have received in their claims in cases filed since 2001
14 BKs airline cases since 2001
Unsecured creditors % recovery (taken from the debtors disclosure statements and represents the mid point of the expected range for general unsecured creditors)
(Year where BK case was initially filed)
TWA. 200. 1%
US airways. 2002. 1%
United. 2002. 6%
Hawaiian. 2003. 100%
US Airways. 2004. 7%
ATA. 2004. 1%
Aloha. 2004. 3%
Delta. 2005. 70%
Northwest. 2005. 74%
ATA. 2006. 1%
Frontier. 2008. 9%
Skybus. 2008. 78%
Mesa sur group 2010. 6%
Source: 2012, Restructuring Concepts LLC (you can google it)
So why are you so certain that common will get cancelled?
I know that in most BK cases the old shares are cancelled - and this is true for perhaps 95% of the cases but there are a few where old shares remain - examples of this is PPC when was acquired by Brazilian JBS, I believe there are some cases in the airline industry as well
Got IT - Many thanks
Could you share your insights about the WAMU story?
So, my understanding from your comment is that the agreement with the pilots is not related to the issuing a new stock (new company) as part of the restructuring?
Is this correct?
... that´s right ... but the fact that pilots will retain a 13,5% of the RESTRUCTURED Co ... supposes that the commons will be wiped out?? ... or this restructured may emerge saving the commons??? ... any insights or hints about it???
This is true in most BK cases .. However there some few cases were the shares from the BK Co remained intact .... PPC for instance ... Acquired by Brazilian JBS ... Or Hawaiian airlines (I believe) .... The jump on aamrq pps is showing insiders are working -- IMO
guys .... it has been a pleasure .. I moved on ... to a stock with more action than this ... i will be watching and if it starts to postiviley shake again i might consider to return ... best of luck to you all!!
Cheers from the Andes!!!!
Great! Many thanks
Edward, what is the story with wdco?
Did anybody noticed that big bid at 0,0033? What is going on?
I think The only way to get our money back is that these guys stop diluting and get bought by a larger company
ok thanks
is it the same one that some other people received last week or so ...saying "I am the new CEO, bla, bla ..." ? or a new one with more meat on it?
This POS keeps going down, will it ever bounce?
What has changed though is the potential for exponential growth as well as the threat of an much deeper dilution for old long shareholders
Do you happen to known this name from some other POS, like this?
And much less PPS growth potential
Only one trade today? Wow .... What a f ....
Many thanks - i am not sure if it is the same guy though
Does anybody have a reference on Cory Howden?