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Author Topic: UALAQ
JL
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WTH happened to UALAQ ? crazy swings.
Posts: 604 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
metal1
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UALAQ holders will get nothing in the reorganization. the stock is worthless as per their recent press releases.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
JL
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yah...read that. wow. its a sacka chit.
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metal1
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not really unexpected though. i guess people were just gambling on an exit with the same common stock. rarely happens that way
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
bdgee
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http://www.forbes.com/business/2005/09/07/airlines-bankruptcy-united_cz_mt_0907ual.html?partner=yahootix
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
Berlin
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Wallstreet Journal 10/8/2005

UAL Gets $3 Billion Financing Deal from JP Morgan and Citigroup to exit bankruptcy.

"...Unsecured creditors would receive 4% to 7% of their claims in new UAL common stock; holders of exisiting common and preferred shares would receive no compensation when those shares are cancelled.

Posts: 100 | From: San Francisco | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
   

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