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Re: rocco2 post# 14260

Friday, 01/10/2014 2:46:01 PM

Friday, January 10, 2014 2:46:01 PM

Post# of 36851
value hurdle price is different.

Value hurdle price is the AAL price above which AAMRQ shareholders will receive AAL shares. Below that price we will only receive what we currently have no more shares. That is at around $15 AAL.

The conversion price cap is the max VWAP that will be used for conversions. When you limit the VWAP you limit the multiplier for AAMRQ shareholders to a max of around 0.157 pre distribution.
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