Home > Boards > US OTC > Automotive and Transportation > Japan Airlines Corporation Ordinary Shares (JALFQ)

Good idea, but I think only one solution

Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
dibbley Member Profile
 
Followed By 0
Posts 48
Boards Moderated 0
Alias Born 05/18/10
160x600 placeholder
dibbley   Monday, 02/21/11 05:56:17 AM
Re: gta post# 559
Post # of 560 
Good idea, but I think only one solution is attack decision of Japan district court.
If you check JAL FAQ
http://www.jal.com/en/ir/info2010_0119_3.html
they will not give us any satisfaction.

See Q4-A4
No. Any shareholder will not assume any more liabilities than the amount of money which they have invested and therefore will not assume any liabilities of more than a 100% capital reduction based on a shareholder’s position, such as requiring an additional payment.

The reorganisation plan has to be canceled. It is only one way.

I'm sad they just cancel shares without any good reason because

"JAL made operating profit totaling over 140 billion yen ($1.7 billion) from April to November in 2010, according to a document submitted to the Tokyo District Court."


Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist