Thai Airways Intl (TAWNF)

[Smilin_B]

I keep telling everyone that but they continue to put too much focus and emphasis on this May 28th date.

It is a mere formality. Creditors and Thai Airways have already come to terms and the vote was approved by a margin of 91% in favor for the reorganization and recapitalization of Thai Airways.

On May 28th, the plan goes before a judge to be entered into the court system as a matter of official record.

I am not aware that there will be any other type of decision made on that day. I am not aware of any additional amendments or details to the plan that will occur on that day.

Sometimes people hype a certain date and when that date comes and goes and nothing happens, they set themselves up for failure. That's what I was attempting to prevent from happening here.

Once the company is recapitalized and those funds are released to the company, their equity will increase and they should be eligible to be re-listed on the SET. Keep in mind that investors bid the THAI.BK shares up 33% knowing that the stock would be halted/suspended. They did so in anticipation of a favorable vote by creditors. Investors simply wanted to take a position in the stock in the event that the creditor decision was favorable.

It was.

Thai.bk shares have not traded since and there have been no updates from Thai Airways as to when those shares will resume trading on the Thailand Exchange