Replies to post #98 on Japan Airlines Corporation Unsponsored ADR (fka JA

[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?

[dibbley]

also very interesting discussion you can see here
http://www.wallstreet-online.de/diskussion/1154291-2131-2140/japan-airlines-jetzt-kommen-die-big-guys-als-retter#neuster_beitrag
but I guess it is little bit unreadable for most of you :-D

anyway, I sent Compaint to SEC
https://tts.sec.gov/oiea/Complaint.html
from reason of delisting JALFQ JP3705400004 without agrement by shareholders.

should be usefull if someone will try to cancel court approbation
http://www.jal.co.jp/en/other/info2010_0831.html
or if someone try to contact JAL at [e-mail] and maybee we will find another plan than cancel all shares without any satisfaction.

If you compare liquidation of JAL and GM it is absolutely different approach ! GM create MTLQQ and all bad assets are here.
JAL just only cancel shares and then will make new IPO...

[dibbley]

Have you got some new information?
Or idea what we can do now? JAL is very profitable and cancel of shares with pretence of Japanese Corporate Reorganization Act is bullshit,
This informations are also very brief...

http://www.jal.com/en/ir/info2010_0119_3.html