US Air Cleared to emerge from bankruptcy

Old Sep 16, 05, 10:40 am
  #1  
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US Air Cleared to emerge from bankruptcy

Looks like it can happen as fast as 10 days. What happens to it's stock or is it pink sheeted?

http://biz.yahoo.com/ap/050916/us_ai...tcy.html?.v=10
travelnutz is offline  
Old Sep 16, 05, 12:22 pm
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The old US stock is worthless. Old HP holders will own some portion of the new US stock along with old US creditors and new institutional equity investors. The new stock will trade under the symbol LCC (I think on the NYSE).
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Old Sep 16, 05, 5:32 pm
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Originally Posted by travelnutz
What happens to it's stock or is it pink sheeted?

Current stock? If you have the certificates, you can hang them on the wall. Or maybe sell them on eBay. Or stock up in case you run out of TP.
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Old Sep 16, 05, 6:16 pm
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Maybe these guys will buy it...

http://www.scripophily.net/fraudscandis.html
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Old Sep 17, 05, 6:05 am
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Originally Posted by flyphl
The old US stock is worthless. Old HP holders will own some portion of the new US stock along with old US creditors and new institutional equity investors. The new stock will trade under the symbol LCC (I think on the NYSE).
I had heard the LCC rumor but dismissed it when I saw that Lumina Copper Corp (Amex) already has it.
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Old Sep 17, 05, 12:49 pm
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The - new - US Airways will trade with symbol LCC on the NYSE.

Lumina Copper trades as LCC.TO out of the Toronto Exchange.

Originally Posted by mileshound
I had heard the LCC rumor but dismissed it when I saw that Lumina Copper Corp (Amex) already has it.
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Old Sep 18, 05, 6:53 am
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Yes....

Originally Posted by travelnutz
Looks like it can happen as fast as 10 days. What happens to it's stock or is it pink sheeted?

http://biz.yahoo.com/ap/050916/us_ai...tcy.html?.v=10
Congrats US,
bwelliott is offline  

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