A Poor TWA Stockholder
Jan 12, 2001 | 4:30 pm
#1
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A Poor TWA Stockholder
Well - I guess I got left holding the bag. At least I won't lose too much.
It does seem kinda sleazy that American and TWA can concoct this scheme that allows AA to purchase TWA without giving anything to the TWA stockholders.
I say that if AA can buy TWA, then us TWA stockholders should get something out of it, but it's always the little guy who gets screwed.
It does seem kinda sleazy that American and TWA can concoct this scheme that allows AA to purchase TWA without giving anything to the TWA stockholders.
I say that if AA can buy TWA, then us TWA stockholders should get something out of it, but it's always the little guy who gets screwed.
Jan 12, 2001 | 5:50 pm
#2
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If you invest your own money in the stock market, you are accepting investment risk. You are not a "little guy". If you don't want to take that risk, don't buy stock; buy government bonds.
Jan 12, 2001 | 9:16 pm
#3
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Big guys and little guys alike lose money when a company files for bankruptcy. Instead, think positively: thousands of TWA employees keep their jobs.
Jan 12, 2001 | 10:57 pm
#4
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I have to agree on JS. Finance 101. Shareholders are the last in line.
Jan 13, 2001 | 9:26 am
#5
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If you wanted to, you could file complaints with various agencies like the SEC, DOJ, and with the Bankruptcy Court. I've already filed a complaint with the SEC against TWA regarding the lack of fiduciary responsibility by TWA towards the shareholders.
Jan 13, 2001 | 8:05 pm
#6
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I don't think shareholders (last in line) have had any chance of getting much - other than selling their shares - over the past 2-3 years. After the lawyers and others in line, TWA doesn't have sufficient assets to pay shareholders anything.
Of course, you can sell your shares for about $1.20 each. Aren't they still traded?
Of course, you can sell your shares for about $1.20 each. Aren't they still traded?
Jan 13, 2001 | 8:28 pm
#7
Join Date: Jul 2000
Location: Sugar Land,Texas USA
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IF you bought TWA's stock then I guess you probably thought that it has no where to go but up. But I guess you forgot to read about its "rich history"
Jan 13, 2001 | 8:56 pm
#8
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SAPMAN: TWA last traded at $1.32 on January 5th.
Jan 13, 2001 | 11:54 pm
#9
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I'm not sure I made myself clear. Hey - I knew I was taking a risk investing in TWA. And I am not complaining about losing the money, per se. It's not even very much money.
What I think smells foul is that:
1. TWA rejected a buyout offer a couple or three months ago, and
2. TWA has instead implemented this plan which involves bankruptcy.
"Hey American Airlines, if we go bankrupt we can blow off all our investors, blow off some debt, and who knows what else. Then you buy us - OK? "
What I think smells foul is that:
1. TWA rejected a buyout offer a couple or three months ago, and
2. TWA has instead implemented this plan which involves bankruptcy.
"Hey American Airlines, if we go bankrupt we can blow off all our investors, blow off some debt, and who knows what else. Then you buy us - OK? "
Jan 14, 2001 | 10:09 am
#10
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Mikey,
Those are my sentiments exactly. It was the "shadiness" of the deal that prompted me to file a complaint with the SEC rather than the potential money loss itself. OF course, losing the money sucks too... http://www.flyertalk.com/forum/frown.gif
Those are my sentiments exactly. It was the "shadiness" of the deal that prompted me to file a complaint with the SEC rather than the potential money loss itself. OF course, losing the money sucks too... http://www.flyertalk.com/forum/frown.gif
Jan 14, 2001 | 12:46 pm
#11
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How do I go about filing a complaint?
Jan 14, 2001 | 1:19 pm
#12
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I don't have the Web address, but I went to the SEC website and clicked on the "File a Complaint" button. I then filled in the requested info., like when I bought the stock, the particulars of my complaint,etc.
Jan 14, 2001 | 1:21 pm
#13
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Jan 14, 2001 | 11:23 pm
#14
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Cool - thanks! I'll file another complaint tomorrow!
Jan 15, 2001 | 12:20 am
#15
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Originally posted by SAPMAN:
Of course, you can sell your shares for about $1.20 each. Aren't they still traded?
Of course, you can sell your shares for about $1.20 each. Aren't they still traded?
Of course, if you can find a purchaser, you don't need to use the NYSE. http://www.flyertalk.com/forum/wink.gif