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Author: jiminica Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 610  
Subject: Re: UALAQ Date: 2/17/2006 8:59 AM
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The stock is worthless. Write off for next year?

From UAL's website:


1.What does it mean that the common stock is canceled?
As United has said for some time would likely be the case, pursuant to United's Plan of Reorganization (POR), old UAL common stock and preferred stock, including the company's shares that have been trading over the counter under the symbol UALAQ.OB, and the Trust Originated Preferred Securities were canceled as of February 1. No distribution will be made to holders of those securities.

If you would like additional information about canceled United stock and/or the POR, it may be obtained from http://www.pd-ual.com, or by contacting the Debtors' Solicitation Agent by writing to: Poorman-Douglas Corporation, ATTN: UAL Balloting, 10300 SW Allen Boulevard, Beaverton, Oregon 97005, or by calling (877) 752-5527.

If you would like additional information about the POR, it may be obtained from Debtors' private website or by contacting the Debtors' Solicitation Agent pursuant to the information set forth above.


2. Will my old UAL stock be converted to new UAL stock? What will it be worth?
No. As United has said for some time would likely be the case, pursuant to the confirmed POR, old UAL common stock and preferred stock were canceled as of February 1, 2006, and no distribution was made to holders of those securities. The canceled stock has no value.
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