Replies to post #7445 on Thai Airways Intl (TAWNF)

[Smilin_B]

Precisely.

But guess what?

In my opinion, there is not going to be any mention of the stock or shareholders, not at this point in time when creditors would be severely disgusted at that jesture.

Remember, a reorganization is 100% about creditors, repayment terms by way of dilution to shareholders. It's just the way that it is. Hopefully other airliners in the region will learn a valuable lesson from the way Thai Airways handled this situation and go in the opposing direction.

Then again, regardless of whether or not any of the Thai airliners are owned by the state, government, Rich families or what not - there is never a mention of the common stockholders for the common shares trading on SET or the U.S. OTC