Haven't Heard About the Extra 4% in Equity to be Held Aside?

[NYer]

You stated "the original 5% was to be taken from the total which meant a cut from each distribution. According to court documents the other 5% plus 4% were to be taken from the final distribution".
 
Then you said this "According to the wording in the Court Order, it seems there was enough value taken from the final distribution as to satisfy 14% of the total amount of shares distributed.
 
Maybe interpretation is wrong, but seems to me you are saying they took the total 14% from the final distribution. Otherwise, why would the comment even be necessary. We knew after 120 the 14% would be completely satisfied.

It's not different. The first set of distributions, the amount set aside was equal to 5%. Since the reserve was raised to 14% it meant the initial amount set aside was not enough and therefore the difference of what was set aside and what needed to be set aside was done by taking the necessary amount to ensure 14% of the total was taken from the final distribution.

It's supposed to be 14% of the total, not 14% of the final distribution.

 

[scorpion 2]

It's not different. The first set of distributions, the amount set aside was equal to 5%. Since the reserve was raised to 14% it meant the initial amount set aside was not enough and therefore the difference of what was set aside and what needed to be set aside was done by taking the necessary amount to ensure 14% of the total was taken from the final distribution.

It's supposed to be 14% of the total, not 14% of the final distribution.

Where does it say that 5% was withheld at each distribution and not all at once up front at the first distribution?  There should be some increase of payout on the earlier distributions with the increase in stock price without the penalty of less stock once the 5% hold back is distributed. 

 

[TWU informer]

Where does it say that 5% was withheld at each distribution and not all at once up front at the first distribution?  There should be some increase of payout on the earlier distributions with the increase in stock price without the penalty of less stock once the 5% hold back is distributed. 

It's called fuzzy math and cooking the books.

 

[NYer]

Where does it say that 5% was withheld at each distribution and not all at once up front at the first distribution?  There should be some increase of payout on the earlier distributions with the increase in stock price without the penalty of less stock once the 5% hold back is distributed.

The 5% is determined by how many shares are receive. How can you take 5% at the beginning when you don't know how many shares you'll receive. Each distribution had shares set aside to make up the 5% from each distribution. At the final distribution enough shares were set aside to ensure 14% of the total shares received since December were held.

 

[NYer]

Where does it say that 5% was withheld at each distribution and not all at once up front at the first distribution?  There should be some increase of payout on the earlier distributions with the increase in stock price without the penalty of less stock once the 5% hold back is distributed.

 

[AANYER]

The TWU will continue to use fuzzy math,
 
The initial 5% grew by 63%.  This was a factor of the Stock price appreciating from $22.55 to $35.78 on the last distribution
So for Example: $22.55/$35.78=63%
Initial reserve of 5%X1.63% = 8.15%, (Grew by 3.15%)
 
Additionally, the TWU took amounts during each of the 2nd, 3rd and 4th distributions before the last, unfortunately we do not have any record of these.  There will be more funny business happening here.  People, watch your pockets, the TWU is at it again.  These guys will line their pockets with your hard earned money.  They will fleece you.
 
Furthermore, the TWU should be holding reserve based on the Stock price appreciation in order to reach the 14% reserve requirement, not 5% each distribution.  This is the reason why our actual equity value received is so miniscule.

 

[DallasConehead]

Well, the point is they have taken more and more and the people will never get everything back that they took. Whats more there is NO transparency as to what is going on with any of this money. Zero.. If it was invested, where it is, what return, what happens to the returns, how will it be distributed back, if ever. Completely in the dark.

 

[AANYER]

DallasConehead,
 
We agree with you, so the only way to right this ship is to vote the TWU out from the AMT Class and Craft.  It's just that simple.  The replacement is obvious, AMFA.  Simply, we have to have the ability to vote out our leadership from their lofty positions,  particularly when they do not respond to our request on labor negotiations.  Additionally, there has to be a cap on the number of terms and our years that any of the leadership can stay in their rolls.  This has lead to malfeasance within the TWU ranks. They see us as cows to be milked. These guys are vampires, they suck the life out of us. They only care about saving on not paying union dues and the annual Las Vegas junkets.  I see these heartless dead people walking around AA Daily.  Something stinks and it smells like the TWU.

 

[HMK]

Well, the point is they have taken more and more and the people will never get everything back that they took. Whats more there is NO transparency as to what is going on with any of this money. Zero.. If it was invested, where it is, what return, what happens to the returns, how will it be distributed back, if ever. Completely in the dark.

You are 100% correct, there is no transparency! With that said, you have people on this forum that defend the TWU and their actions, or better said their lack of action. It is so plain to see that something is being hidden from the membership. Why is the TWU keeping us in the dark?  The books need to be open!

 

[AANYER]

People, the TWU received an initial 25,202 shares on Dec 9, 2013 for expenses. At the last distribution stock price of $35.78, this equated to $901,727.56. My questions are, who the hell got this money? And why? Please show accountability as to the distribution of these funds. Yet the TWU keeps taking hard earned shares from their constituents. As the TWU always say, they can do that brother. Or, a classic line, "you're out of line brother" for asking for this information.

 

[AANYER]

The TWU is holding reserves of approximately, 14% of $342,581,074 million that were allotted to its members. This equates to about $47,961,350 plus or minus a few hundred TWU stolen shares. TWU come clean, we will not let you continue to ignore us and steal from us. We have some pretty sharp people and we will smoke you out from your fox holes. Additionally, why would the TWU not make their members whole for the .5 in shares that they are shorting us. For example, many members were paid $34.5 instead of the correct amount of $35 per hour.

 

[AANOTOK]

When will we have an answer?? (The hearing)

 

[DallasConehead]

I would suggest this question be asked of GP at the quarterly meetings.

 

[AANOTOK]

I would suggest this question be asked of GP at the quarterly meetings.

See my prefunding match comment. B)