Guest O. Ring Posted June 8, 2003 Share Posted June 8, 2003 I am wondering what will happen to the AC shares assuming we emerge from CCAA. In the states US Air emerged from chapt 11 with existing shares worth zero and new shares issued. Since the Seabury Group consulted on the US Air restructure and is also working with AC I intialy thought this would happen here as well, however the AC shares, after bottoming at about $.70 are holding in the $1.80 to $2.00 range which indicates perhaps the existing shares will not be cancelled. I understand AC is purposing shares for debt in which case more shares will be issued which will dilute share prices. Would any of you business wizards care to speculate on the possible outcome. Link to comment Share on other sites More sharing options...
Databus Posted June 8, 2003 Share Posted June 8, 2003 CTV's R.O.B. asked the same question! They are very confused... Link to comment Share on other sites More sharing options...
Guest AME Posted June 8, 2003 Share Posted June 8, 2003 This question is covered under the Q&A on the aeronet, the answer is there are 2 possiblities 1) the shares will be cancelled and 2) they will be diluted to a fraction of their current worth. cavet emptor (or something like that) Link to comment Share on other sites More sharing options...
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