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i ain't getting rich at all been watching this since .20 and finally tried to buy today at .82 but effing scottrade made me call it in and the doofus on the line kept taking forever repeating my order back to me. "ok so 5000 shares at .82" shoot! now change it to .84! "ok so to confirm..." finally got some at .98 but i don't know wtf is going on here and i'm on pins and needles. Why couldn't i have bought $10k worth at .20?!!!!
I hadn't even looked at jal untill the BK news. The funding for the bridge loans is good news for them. Recovery is not only possible, but almost assured with financing.
The more and more I read about JALSY- I want to jump in as well.
JALSY is being turned around so we have time to make some cash here.
State company backed by state owned bank= $$$.
"Enterprise Turnaround will borrow a total of 355 billion yen ($3.9 billion) for six months starting on Jan. 28 as it prepares bridge loans for Japan Air. The Tokyo-based carrier filed for bankruptcy last week as part of a 900 billion yen turnaround plan backed by the fund and state-owned Development Bank of Japan."
I think that JALSY may have more share price apprciation potential than Mesa Air.
Mars Bodo
Mizuho Said to Be Largest Lender for Japan Air Turnaround Fund
By Chris Cooper, Kiyotaka Matsuda and Takako Taniguchi
Jan. 26 (Bloomberg) -- Mizuho Financial Group Inc. will be the biggest lender to the Japanese state-affiliated fund helping to restructure Japan Airlines Corp., said three people with knowledge of the matter.
Enterprise Turnaround Initiative Corp. of Japan last week agreed to borrow money from a total of five banks in its first request for funds, said two of the people, who declined to be identified as the discussions are private. They didn’t say how much Mizuho will lend. Most of the money will be used for restructuring Japan Air, said one of the people.
Enterprise Turnaround will borrow a total of 355 billion yen ($3.9 billion) for six months starting on Jan. 28 as it prepares bridge loans for Japan Air. The Tokyo-based carrier filed for bankruptcy last week as part of a 900 billion yen turnaround plan backed by the fund and state-owned Development Bank of Japan.
Masako Shiono, a spokeswoman for Mizuho, Japan’s third- biggest bank by market value, declined to comment. An official at Enterprise Turnaround, who declined to be named, declined to comment.
Enterprise Turnaround earlier this month asked 39 local and overseas banks to bid in an auction to provide government- guaranteed loans. The fund is arranging 600 billion yen in bridge loans for Japan Air with Development Bank. It is also providing 300 billion yen in capital to the carrier.