Japan Airlines Corporation Unsponsored ADR (fka JALSQ)

[dibbley]

You described exactly actual situation.
As wrote FrancoisFRA at JALFQ http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58992611

"Reorganization plan" which has been approved by court bring us this:
See POINT 2:
"Stock owned by JALS shareholders will be acquired gratis, and all treasury shares will be cancelled, and JALI will reduce stated capital and capital reserves to zero."

it means shareholders will pay all debts, JAL make new IPO at the end of 2012 and they will earn bilions of $ each year.
How can be this approved by court ?
I want to have share on future profits not on debts from past!


- Bankruptcy doesn't mean liquidation of shareholders.
- we didn't receive any official statement from JAL (only pdf paper from brooker with message "Shares are worthless"
- only one possible solution for me is be part of IPO when new shares will be released (end of 2012)

I hope sue to JAL wouldn't be necessary - may be we can try to ask at [e-mail] for another possible solution.
What do you mean?