Republic Airways Holdings Inc fka RJETQ

[I-Glow]

I don't think anyone that has read the POR thought it was good news. From the POR:

Interests in RAH -- Class 5

Classification:Class 5 contains all Interests in RAH, which include any equity security of RAH and any warrants, options, convertible securities, liquidating preferred securities, or contractual rights to purchase or acquire any such equity interests at any time and all rights arising with respect thereto.

Treatment:Pursuant to the Plan, on the Effective Date, all Interests in RAH shall be deemed cancelled and extinguished and the holders of such Interests shall not receive or retain any property on account thereof.

Impairment and Voting:Class 5 is impaired by the Plan. Pursuant to section 1126(g) of the Bankruptcy Code, Class 5 is deemed to reject the Plan and the holders of Interests in Class 5 are not entitled to vote.

This is the worst possible news for shareholders.

Good NEWS out and it drops, mmmmmmmmmm Can't wait to market opens

IG