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  • munchkin
    Why aren't the Insiders selling AAMRQ.PK ?
    12/9/11
    Reply (13)
    • Eric Stalee: Probably because it has somewhere around 4 billion in assets I think? The company is far from bankrupt.
      12/9/11
    • Eric Stalee: It's just going to keep losing money though because it's competitors also went bankrupt and so it needs to gain the advantages they have.
      12/9/11
    • munchkin: Thanks. How high do you think it will get, have we've seen the best... $1?
      12/9/11
    • Eric Stalee: Buying the stock of any company that has declared bankruptcy is essentially like holding on to a ticking bomb and hoping it won't explode.
      12/9/11
    • Eric Stalee: Just my $0.02 IMO.
      12/9/11
    • Eric Stalee: And a correction, 24.7 billion assets from what I just read. But lots of debt. Still far from bankrupt.
      12/9/11
    • munchkin: Thanks.
      12/9/11
    • losbronces: They have filed Chapter 11. They want debt holders to take a haircut & their employees to accept reduced compensation packages.
      12/10/11
    • losbronces: The cash allows them to continue operating without permission from debt holders. The debt holders have 1st call on assets, if think there
      12/10/11
    • losbronces: will be anything left for shareholders after the process is complete, then go ahead.
      12/10/11
    • losbronces: They have close to $4 billion in cash (probably what you were thinking of), that allows for continued operations. Book value is negative
      12/10/11
    • losbronces: due to high debt.
      12/10/11
    • losbronces: pokalolo> I get it. I don't recall a single event like this where the shareholders got anything. Debt holders won't leave anything imo.
      12/10/11