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EACIQ: BK PLAN effective. All shares cancelled at 16:32 E.S.T.:
http://otce.finra.org/DLDeletions
Get what you can....if you don't you will be eating your shares..
They sent me all the information for tax claims to owning a dead stock....which I assume they thought I was a long term pre-bankruptcy investor.
I received a response from Erickson themselves. They informed me that post bankruptcy that the current common stock Q listed is not going to convert or potentially even exist due to the push for private ownership.
Thanks. We've been trying to figure out why things were moving. Do you mind if I ask how you found that out? We found a Mail Tribune article from March 7th that quoted Roberts as saying he had a "strong suspicion" that the company would come out of bankruptcy as a private company, but that's all.
The shares are about to be worthless. They are going private after bankruptcy. It has now turned into a rolling ticking time bomb.
Well that about does that....wow
Trading is at a hold tight because of Monday...it is in my opinion that .18 will be a thing of the past. EACIQ will be full court press. There is about to be 2 more contracts awarded to EACIQ.
If anyone is selling I would buy it now!
Have no fear, this stock is ready to roll. No issues with current common stock. EACIQ breakout .22 pps, coming soon to a portfolio near you. Erickson is pretty confident in their future.
Sounds good. Thanks for all the updates.
That is usually the case...details are needed. Trying to get the opportunity to call Erickson and ask for information.
I'm not really qualified to answer
Correct me if I'm wrong.
CEO stated, that they're 60% finished with BK. Also stated, that he had a strong suspicion the company would emerge from BK as a private held company.
If the company gets bought out and goes private then shareholders receive a higher premium than the market value correct?
http://www.investopedia.com/ask/answers/05/publictoprivate.asp
We have been picking up volume. Also Checkout LII.
We will know more March 21 with March 13 deadline for objections.
On top of a spike in volume look at the 8k they are doing their part as they said they would. Unless I am missing something, there is no way this Q will fail...bankruptcy court verdict will work out in Erickson's favor and this Company will pan out. They are nothing but up from here.....
They should not be cancelled but overall if the courts decide dilution then investors may suffer. I don't think this is the case with Erickson. We are seeing a spike in volume.
If they are I need to sell asap. Let me know when you find out.
will shares be cancelled on exit of the Q
For sure. A ride to $2 would be sweet
Sweet. All sounds really good. Seems others agree - based on recent buying $EACIQ
If that happens then just hold on for the ride...
Hard to tell...I would call it .30 by June which is being conservative. The contracts they are getting awarded are really pulling them back out of the dark they have gotten to. The jobs are being posted at a high rate. The program manager positions are important because usually that signifies awarded contracts. I would estimate them to be trading in the 1.00 a 2.00 range if they land the contracts for refit of DOD rotar wing assets which by the looks of it that won t be far out of reach here in the next 6 months.
how high are you guessing?
They are about to jump up.
i received something about $EACIQ from scottrade recently via snail mail. didn't read it, but from recent $EACIQ buying action i'm guessing it wasn't bad.
If you haven't gotten on board yet then you are going to miss your chance.
We have a hard buy...it is about to shoot up to .25 next trigger
132k I feel a movement
Sooooo....can we turn up the volume?!
The key is program manager positions
Lots of pilot positions are opening up! Good call awhile back! $$$
We are seeing a stepping stone approach here...if we break .185 or hold we have a mover.
Ahh makes sense. I think we will be pleasantly surprised to see this Company producing on a constant basis.
The investors on the backstop agreement are Wayzata Investments Partners & MHR Investments. I saw it a week ago on Fidelity Investments website. It doesn't allow me to copy links.
What is the link? Not sure if I am seeing what you are seeing.
Looking good my friend. $$$$
http://wayzatainvestmentpartners.com/
Wow look at all the hiring. They've posted a few more pilot positions.
Ladies and Gentlemen we have a Company who is on a hiring frenzy and is about to be awarded a refit for DOD RW assets. They are about to complete the testing of initial contract quality checks. Standby and grab hold of shares...we are about to go on a growth spurt.
I'll work on those 16's some more this week.
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In 1971, Erickson Lumber Company, owned by second-generation logger and entrepreneur Jack Erickson, leased an S-64E Skycrane helicopter from Sikorsky Aircraft and renamed the company Erickson Air-Crane™.
At that time, many small operations around the world were experimenting with helicopter logging with little success due to the high cost of supporting the aerial operation. Mr. Erickson realized the specialized nature of the S-64, and used his years of experience in the logging industry to optimize the heavy-lift helicopter for timber harvesting. His system proved profitable, leading to the purchase of the first S-64 in 1972, followed by the purchase of three more aircraft later that year. Erickson eventually purchased the S-64 Type Certificate from Sikorsky in 1992 and continues to manufacture and maintain the aircraft, since renamed as the Aircrane, from its facility in southern Oregon.
Erickson has innovated aerial service capabilities over the years, broadening the timber harvesting capabilities of the S-64 and expanding into firefighting, infrastructure support, powerline construction, oil and gas exploration, and the transport of people and product.
Erickson has continued to demonstrate agility, reliability, and precision while working on challenging and noteworthy projects:
In 2013, Erickson acquired McMinnville, Oregon-based Evergreen Helicopters and Brazilian oil and gas company Air Amazonia, a subsidiary of HRT.
Now operating as Erickson subsidiaries Erickson Helicopters and Erickson Transport, Evergreen has been a pioneer in aviation since 1960, flying their fleet of helicopters for customers in a diverse range of industries, including construction and heavy lift, disaster relief, forestry, government, law enforcement, military logistics, search and rescue, and other critical tasks. These Commercial Airlift Review Board (CARB)-approved helicopters and fixed wing aircraft operate from a global network of bases, performing demanding work in some of the most austere and remote environments in the world, including the heat and elevation of Afghanistan, isolated islands of the Southern Philippines, and the most inaccessible parts of the African continent.
Air Amazonia, formerly the aviation services division of HRT Participações em Petróleo S.A., is an established South American operator. This strategic acquisition further broadens Erickson’s rapidly expanding global footprint. In conjunction with the acquisition of Air Amazonia, Erickson entered into a five-year aerial services contract (including annual renewal options) with HRT to provide rotary-wing aircraft services to support their oil and gas activities in the Solimoes region of Brazil, strengthening Erickson’s position as a key partner for a growing number of customers throughout this important and fast growing region for the oil and gas industry.
These acquisitions helped significantly expand the depth and breadth of services Erickson is able to provide to customers both in the United States and internationally.
Erickson now boasts a fleet of nearly 100 aircraft, and offers services, training, and support in many industries, including firefighting, construction, timber harvesting, crewing, oil and gas exploration, manufacturing, passenger and cargo transport, support of defense operations, MEDEVAC, and more.
INVESTOR OVERVIEW: http://investors.ericksonaviation.com/phoenix.zhtml?c=237068&p=irol-irhome ;
The S-64 Aircrane is manufactured and maintained in Central Point, Oregon by Erickson.
The helicopter was originally manufactured by Sikorsky Aircraft as the S-64A Skycrane, and sold to the Army as the CH-54A Tarhe. The CH-54 performed with an outstanding service record in Vietnam, supporting the Army's First Cavalry Division, Airmobile by retrieving over 380 damaged aircraft, saving an estimated $210 million. The S-64 was the first helicopter built as a flying crane, with an aft-facing pilot station that gives the pilot an unobstructed view of the load being carried and full positive control of the aircraft during precision operations.
The rotor system consists of a six-blade, fully articulated main rotor and a four-blade tail rotor. The S-64E is powered by two Pratt & Whitney turbine engines, for which Erickson obtained the Type Certificate in 2013, generating a combined maximum takeoff rating of 9,000 SHP and giving the S-64E model an external load lift capacity of 20,000 pounds (9,072 kg) at sea level. The S-64F features a strengthened airframe, a rotor system with longer chord length, and two Pratt & Whitney engines rated at 9,600 SHP, which gives the S-64F model an external load capacity of 25,000 pounds (11,340 kg) at sea level.
Performance Specifications:
Performance Specifications:
Erickson’s helicopter fleet has served in more than 168 countries under virtually every possible condition. Our medium- and light-lift helicopters have conducted operations including passenger transport, oil and seismic exploration support, search and rescue, aerial spray application, firefighting, long-line lift operations, emergency medical evacuation, and more. This diverse fleet, combined with our worldwide reach, allows Erickson to match appropriate machines to specialized aerial initiatives for any customer, in any location.
We recognize our customers’ unique aerial services needs, and are dedicated to meeting them every time. Erickson maintains fast response times, providing the highly qualified pilots, maintenance personnel, and support teams necessary to support flight operations.
Known in North America as the AStar, this single-engine light helicopter offers a wide cabin and excellent range., and is popular with militaries and governments around the world. The B2 is a higher gross weight variant of the original craft, and the B3 is a high-performance version, famous for being the first helicopter to land on Mt. Everest. Erickson currently utilizes these aircraft for wildfire suppression, heli-skiing, passenger and cargo transportation, and external lift tasks in remote Alaska.
Performance Specifications:
AS350 B2
AS350 B3
The Bell 206 is a family of two-bladed, single-/twin-engine helicopters originally adapted from the military Bell YOH-4. The 206B-3 boasts an increased horsepower engine, while the LongRanger models added two additional passenger seats. These aircraft serve a variety of purposes, including corporate transportation, emergency services, and oil and gas rig support.
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206B-3
206L-3
This two-blade, twin-engine medium helicopter was originally developed for the Canadian Forces and was later purchased in large numbers by the United States military. Erickson has utilized this aircraft for many tasks, including oil and gas, wildfire suppression, disaster relief, and for the Department of Defense.
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The Bell 214ST is a rugged and reliable work horse, known for its multi-mission capabilities and impressive power. Originally designed for operations in the extreme heat and elevations of the Middle East, the aircraft’s “hot and high” capability provides the Bell 214ST with significant power and impressive payloads at lower elevations. Its versatile interior is designed to accommodate multiple mission profiles with rapid configuration capability, ideal for military applications. The Bell 214ST, a descendent of the Bell UH-1 Huey utilized in support of the U.S. Army in Vietnam, was the first Bell aircraft to be equipped with many of the safety features standard on Bell products today. Erickson has proven the Bell 214ST is a reliable aircraft through supporting the Department of Defense in the Philippines, Afghanistan and the Central Africa Region.
Performance Specifications:
The Bell 412EP (“Enhanced Performance”) is the next generation in medium twin helicopter technology. With a state-of-the-art avionics package, increased reliability, and improved performance from earlier Bell 412 models, the Bell 412EP is truly an industry leader for multi-mission capable aircraft. Known for its versatility of mission profile, the Bell 412EP has a long history in EMS and SAR environments, with more aircraft flying in this arena than any other medium twin helicopter of its size. High reliability is further enhanced by the utilization of avionics developed from many years of supporting the offshore industry. Erickson currently utilizes the Bell 412EP, providing MEDEVAC services for the Department of Defense in Hawaii and Alaska.
Performance Specifications:
The BO 105 was the first light twin-engine helicopter in the world to enter commercial service in 1972. Today, the BO 105CBS 5 features more powerful engines and an enlarged fuselage for the purpose of improved EMS capabilities. Known for its extreme maneuverability, it is also used in law enforcement and offshore transport. Erickson uses this aircraft in passenger transport and contracted mail delivery in remote Alaska.
Performance Specifications:
The Puma is perhaps the most successful European-built medium-lift helicopter ever manufactured, and is used in both the military and commercial markets. Erickson currently uses the SA 330J in support of the Department of Defense in Afghanistan, providing vertical replenishment to US Navy vessels at sea.
Performance Specifications:
The four-bladed twin-engine Super Puma is an enlarged and re-engineered version of the Puma, and is used primarily for offshore oil rig support. It boasts 1,700 shp Turboméca Malika turboshafts, a larger fuselage, composite rotor blades, and new avionics. The Super Puma family has flown over 4 million flight hours.
Performance Specifications:
This five-blade, twin-engine heavy helicopter is a civil variant of the United States Navy’s SH-3 “Sea King” helicopter. The Sea King was originally developed for the United States Navy as an amphibious anti-submarine warfare (ASW) helicopter, capable of detecting and attacking submarines. Today, Erickson uses the S-61 primarily in support of our South American oil and gas work.
Performance Specifications:
While Erickson is primarily known as a rotorcraft manufacturer and operator, our fleet also boasts a number of fixed-wing aircraft, each of which serves an important role in supporting our customers’ needs, particularly in the transport of people and products.
The 19-passenger twin-engine turboprop Beechcraft 1900D was designed as a regional airliner, and can be used for corporate transport, as a freight aircraft, and in government and military operations. This airplane can take off from relatively short runways, as well.
Performance Specifications:
Erickson’s CASA 212 is a capable and extremely versatile aircraft specifically designed for maximum maneuverability at low speeds. The aircraft’s wide, high wing, large cargo area, and wide rear ramp make the CASA 212 the ideal aircraft for skydiving, passenger and cargo transportation, Short-Takeoff and Landing (STOL) and Low Cost Low Altitude (LCLA) airdrop operations. Erickson has proven this aircraft with past and current performance providing services for the Department of Defense around the world.
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