posted
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
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posted
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
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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
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