i don't know. i am trying to get opinions on the talk of common shares being cancelled vs. not. with the way the pps has been increasing and the amount of money being traded daily on this my sentiment is that shareholders will keep all there shares when aamrq emerges from bk. i have seen buys from the 50,000 range up to 140,000. i wouldn't think people would be throwing that kind of money into a stock that they would lose everything on
Stock will be wiped out because the bondholders, who have a legally prior claim the the company's assets, are going to be taking a loss even after getting the full value of the new company. Therefore there is nothing left for the shareholders.
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