If they would just issue the shares in paper form — but they may not — maybe someone could get closer to getting a lifetime supply of emergency toilet paper.

Eventually your investment will pay off when toilet paper prices exceed the price of SAS stock.

Has anyone taken advantage of this Star Alliance Gold in exchange for a 400 dollar investment in SAS?

Do you mean by investing in SASBQ on the US OTC market? That is an ADR and it’s literally a penny stock. :D But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400.

Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.

Pretty sure they're getting wiped out in Chapter 11, both because that's how Ch 11 works but also a press release. Rarely stocks get converted to debt or warrants but it's only for senior holders. Sweden has A and B stocks, so the A stocks may have different handling, but that's part of the Swedish model.

100K SAS shares can be bought for even less than 400 USD now (~270) but the problem is that one would need to hold them for a full calendar year before getting status under the shareholder program and they will be cancelled long before that.

I'd be surprised if even existing shareholders, who had shares during all of 2023, got their status in 2024. https://www.sasgroup.net/investor-re...older-program/ now says

My 5000 shares still seem to be worth 10€ :D

$400 gets you max 8 months *G - remember SK G has issues with lounge access in some places, check the forum.

I thought SK share trading has been delisted?

Chapter 11 is only for the US, no idea how it would hit the shares issued here in Scandinavia.

I didn't know that you have to hold them for a year to get the status - a blogger wrote about it on Oct 4 (very irresponsible IMO without telling people that you need to hold the share for a full year to gain the status).

If you sell it now you'll get 10 EUR, but if you wait you might not get anything.

There is some some trading going on for some reason on SASDQ (SE0003366871/A1C0DX).

The process of cancelling the shares and delisting the company has only just been announced and doesn't take effect immediately. Until the Swedish court approves this sometime in the future, trading will continue.

Must be a case of wild west investers "there has to be a bigger gambler then me out there".
There were also substantial buying in the early days of the announcement. I the time frame of the market understanding the delisting implications 🤯

I suppose its high time I get rid of my 5000 shares while someone is still buying them... I can use the loss to offset my capital gains in 2023. :idea:

Since the shares are worth about their weight in toilet paper, why not just keep them for now and dump them at the end for the 2023 tax year or right upon the share invalidation schedule becoming obvious?

A nother point is that it has not yet been approved under the chapter 11. restructuring.

Last year for the program and no more ability to join. I wonder how many people got duped by the bloggers and their *G for $400 posts.