AMR (AAMRQ.PK) has sent nondisclosure agreements to US Airways (LCC) and "others," - presumably...

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Ward C Comments (24)
 
Question: Do any of the 944 people who received this notice own the 7.875% PINES ETD due 2039, and if yes, do you have any insight on what just might happen with that security. I have been tracking this security (AAR) since 1/7/12, at which time the price was 4.65. On 5/15/12, I sold one third of my shares for $11.11 per share. As of 7/27/12, the last closing price was $14.20. The highest I have seen thus far was on 7/20/12 for $14.80. I am using FINRA for my price data using the CUSIP number: 001765866. I’m using my on-line broker to execute my trades.

The fact that the price continues to move upward implies that it still has real value. I just don’t know where the top of that movement will end. When American emerges from bankruptcy, either alone or in a merger, will these shares of AAR be made whole and/or traded for something else. If I sold out now my losses would be around 50% rather than 100%, but I would much rather be patient if there is a chance I might lose zero.

Any thoughts would be welcome,

Ward
29 Jul 2012, 07:26 AM Reply Like

MexCom Comments (2796)
 
I too own the PINES and also have noticed an increase in value for the shares with fluctuation on a daily basis from my broker but have know knowledge on how or where they are quoted or if there is a market for these shares.

As far as I'm concerned, I'm entitled for the full value of $25/share and all the back interest due before any common stockholder gets anything at all. I would complain to the SEC if there is any larceny involved.
29 Jul 2012, 11:10 AM Reply Like

Ward C Comments (24)
 
MexCom,

Yes, there is a market for the PINES shares. As I said, I have sold one third of my shares so far. The price can be found here:

http://bit.ly/MOj4Ob

Click on “Watchlist” and enter in the CUSIP number. You will get the current trade price, but no volume values.

I have received documentation from the Bankruptcy Court asking me for prof of my shares as well.

Ward
30 Jul 2012, 08:39 AM Reply Like