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Anybody that buys a pink sheet stock is a fool. AMR's common stock will be cancelled at the close of BK, just like USAirways' stock was - twice. New AA stock will be issued to the secured creditors. Common stock holders are unsecured.
Sometimes 69 cents/share is not a good deal.
Cheers.
Anybody that buys a pink sheet stock is a fool. AMR's common stock will be cancelled at the close of BK, just like USAirways' stock was - twice. New AA stock will be issued to the secured creditors. Common stock holders are unsecured.
Sometimes 69 cents/share is not a good deal.
Cheers.