Replies to post #15565 on American Airlines Group Inc (AAL)

[junkmanlong1]

120 day distribution will be less than the 90 day distribution based on the same VWAP. The reason is the 1st and 2nd optional conversions are considered part of the final or 120 day distribution. The 1st optional 10 million was converted at $25.05 and the 2nd optional 10 million was converted at $27.44. The 3rd was converted at around the cap so it won't lower the final.

My Guess
@45 AAL .182


JML