Thai Airways Intl (TAWNF)

[HabibiFresh]

You bring up valid concern over the creditors coming over to our US OTC exchange, TAWNF, to redeem their shares since they can't do that for $THAI on the SET exchange.

However, as you have mentioned, their is a disconnect between the two, its not a sponsored ADR any more, price doesn't move the same, no acknowledgement from Thai Airways, never was mentioned in the debt to equity conversations, so I don't think the creditors will be able to do anything to TAWNF because of that disconnect.

Your concerns would be valid if this thing was still a sponsored ADR and behaves the same as its THAI.BK counterpart, then we would be wondering "okay they can't do debt into equity conversions for $THAI but can they do it for $TAWNF?" but since their is such a big disconnect and because Thai Airways doesn't even acknowledge this ticker, I don't think their is anything to worry about in regards to debt to equity conversion.

I am pretty sure we are the mercy of institutional investors here and they will determine the price for our TAWNF. I have a hunch they will run this thing heavy once they get the judge to sign off.