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Thats what i was afraid of.
I haven't found anything that would make me think commons will survive. So if you find a link to something please post it.
I believe Buttonwood told me. I'm not quite sure as it's been a while since i've played BK plays.
Where did you hear that???? got a link or just a "lil birdie" type thing.
Pilots, Pinnacle Airlines Close In On Labor Agreement
Court Issues Section 1113 Decision Regarding Pilot Cost Savings
Tue, Nov 20, 2012
Pinnacle Airlines said late last week that, in accordance with Section 1113 of the United States Bankruptcy Code, the United States Bankruptcy Court for the Southern District of New York has issued a ruling providing Pinnacle Airlines and the Air Line Pilots Association (ALPA), the legal representative of the Pinnacle Airlines pilot group, a clear path to a consensual agreement.
The Court noted three "very limited exceptions" that prevented it from granting Pinnacle's motion at this time, characterizing them as "relatively easy to fix." The court concluded that significant modifications to the CBA are needed.
"(The) ruling gives Pinnacle a brief opportunity to reach an agreement that will provide the savings we need," said John Spanjers, president and CEO of Pinnacle Airlines Corp. "Although the Court did not approve our proposed modifications in full, the Court gave the parties a clear road map to arrive at cost savings necessary for Pinnacle to emerge from bankruptcy as a viable, competitive company. We are hopeful that the Court's decision will facilitate a consensual resolution, and we will continue to devote every effort to that goal. Pinnacle continues to face severe financial challenges requiring urgent cost savings, but we now believe there is a path to achieving a competitive cost structure necessary to survive in our challenging industry."
http://www.aero-news.net/index.cfm?do=main.textpost&id=9aa754a0-9e47-49df-bd9c-361d994719e1
Interesting play here. Heard the commons will be re-instated?
We could see Dollars here!
Buttonwood. Reposted a link to your iBox.
Could be Stock of the Century!
I think you are wrong. You should of got your shares earlier this week. You going to have to pay higher prices from here. Quite bashing on this board.
Nice use of exclamation points, caps lock and repetitive posts. Did you perchance go to the H.T. Drought, Jr. school of pvmping.
No problem, and it would appear the someone on this board was tryiing to get cheap shares but they are going to have to pay .0245 and .0249 and ,025 to get them.
Because of their statements the .024 to .03 range was setup with shares to sell.
Amazing how some people make false claimes for their agenda.
Simply more amazing that others fall for it.
Thanks for posting L2.
lol, nothing wrong with cheap shares imo. I agree though. He likes cheap shares.
Have a look at Thanksgiving!!!!!!!!
Hold fine! But it'll get Crucified tomorrow
PUMA @ .016 Caution! He always Devours!
I am not sure where you are getting your information, but I would recommend you read the Board Moderator Manual.
http://ihwiki.advfn.com/index.php?title=Handbook
Thank you.
Posting the same thing over and over is against the rules. Please read the rules regarding posting. Thank you.
Yes! Hearing MASSIVE Sell-Off Tomorrow!
??? Major sell off already occured over the last year. This is the bottom.
Have you looked at the chart at the accumulation and distribution?
Because I called the company and asked what the status was in regards to the commons and that decision has not been made. There are also other things in the works that could put a whole new appraoch to what they are currently doing. Looking at alternatives to the usual way of conducting Chapter 11.
As you know there are many private insitutions and investors who assist in these types of deals if the numbers make sense and the business model that is being developed makes sense.
Weak bid support .03 clogged Holiday! Yes! Selloff
Check L2 .03 Clogged Thanksgiving! .01 This week!
He just wants cheap shares, next week is time to fly.
Buttonwood trying to get some cheaper shares. Lol
What makes you think that?
Why tomorrow? They up to no good in the mile high club?
Watch tomorrow! big Big BIG Selling!
25% close here. Good day.
Here comes the selling!!!!!!
MASSIVE SELL OFF VERY LIKELY IMO
HUGE SELL OFF COMING THIS WEEK
Pilots, Pinnacle Airlines Close In On Labor Agreement
Court Issues Section 1113 Decision Regarding Pilot Cost Savings
Tue, Nov 20, 2012
Pinnacle Airlines said late last week that, in accordance with Section 1113 of the United States Bankruptcy Code, the United States Bankruptcy Court for the Southern District of New York has issued a ruling providing Pinnacle Airlines and the Air Line Pilots Association (ALPA), the legal representative of the Pinnacle Airlines pilot group, a clear path to a consensual agreement.
The Court noted three "very limited exceptions" that prevented it from granting Pinnacle's motion at this time, characterizing them as "relatively easy to fix." The court concluded that significant modifications to the CBA are needed.
"(The) ruling gives Pinnacle a brief opportunity to reach an agreement that will provide the savings we need," said John Spanjers, president and CEO of Pinnacle Airlines Corp. "Although the Court did not approve our proposed modifications in full, the Court gave the parties a clear road map to arrive at cost savings necessary for Pinnacle to emerge from bankruptcy as a viable, competitive company. We are hopeful that the Court's decision will facilitate a consensual resolution, and we will continue to devote every effort to that goal. Pinnacle continues to face severe financial challenges requiring urgent cost savings, but we now believe there is a path to achieving a competitive cost structure necessary to survive in our challenging industry."
http://www.aero-news.net/index.cfm?do=main.textpost&id=9aa754a0-9e47-49df-bd9c-361d994719e1
Likely major sell-off this week!
What indications or verification (better-best) of fact, >> that PNCLQ will retain its original symbol verses simply open, if public, into another start up company with a completely new symbol and share structure? Just as all other, and or 99.9% of Q >> BK stocks have done in the past?
Chart showing bottom! Ruling Issued!
Ruling` Clear Path to Consensual Agreement
DM Great DD VERY Nice Share Structure!
New! COMTEX Nov 19, 2012 OTC MARKETS
The OS alone puts this in a category of itself to see where the PPS should be marked accordingly. I see huge beginnings here.
PNCLQ I will be buying and holding this stock for the long haul. When opportunities this rare come along, they shine very bright above others.
After reviewing new developments, it's clear that this company is doing everything it is able to do to create a fresh start, and a newly confirmed plan of action for it's shareholders as well as it's employees.
PNCLQ looks to have everything you want in a company. I see some major developments taking place.
PNCLQ looks to come out of Bankruptcy within the next 4 weeks according to the news article.
Pinnacle Airlines is a company doing $1.23 Billion Dollars in Gross Revenue with a net of $112 Million dollars between Net assets of $1.54B and Debt of $1.42B.
Current PPS is not indicative of the true value of the stock.
Estimated pps based on the net value of $112M is $4.72 per share diluted.
http://www.bizjournals.com/memphis/news/2012/11/19/pinnacle-airlines-close-to-deal-with.html?ana=yfcpc
Pinnacle Airlines close to deal with pilots, possible exit from bankruptcy
Memphis Business Journal by Andy Ashby, Staff writer
Date: Monday, November 19, 2012, 11:39am CST
Andy Ashby
Staff writer- Memphis Business Journal
Email | Twitter
Pinnacle Airlines Inc., a wholly-owned subsidiary of Memphis-based Pinnacle Airlines Corp., has a taken a step closer to reaching an agreement with its pilots, which could help the company emerge from bankruptcy.
The U.S. Bankruptcy Court for the Southern District of New York issued a ruling providing Pinnacle Airlines and the Air Line Pilots Association (ALPA), the legal representative of the Pinnacle’s pilot group, a clear path to a consensual agreement.
The court noted three “very limited exceptions” that prevented it from granting Pinnacle’s motion at this time, characterizing them as “relatively easy to fix.” The court concluded that significant modifications to the CBA are needed.
“Today’s ruling gives Pinnacle a brief opportunity to reach an agreement that will provide the savings we need,” John Spanjers, president and CEO of Pinnacle Airlines, said in a statement. “Although the Court did not approve our proposed modifications in full, the court gave the parties a clear road map to arrive at cost savings necessary for Pinnacle to emerge from bankruptcy as a viable, competitive company.
“Pinnacle continues to face severe financial challenges requiring urgent cost savings, but we now believe there is a path to achieving a competitive cost structure necessary to survive in our challenging industry.”
Pinnacle Airlines Corp. (OTC: PNCLQ), a $900 million airline holding company with 5,250 employees, is the parent company of Pinnacle Airlines Inc.
Flying as Delta Connection, Pinnacle Airlines operates 197 regional jets on 1,000 daily flights to 131 cities in the U.S. and Canada. The company has hub operations in Atlanta, Detroit, Memphis and Minneapolis.
PNCLQ Share Structure according to the May 2012 10K.
A/S = 40,000,000
O/S = 23,694,305
Beneficial Ownership of Common Stock by Directors and Executive Officers
Name of Beneficial Holder Common Stock Unvested Restricted Stock Total Percent of
Class (1)
Edward M. Christie, III. 5,402 0 0 5,402 *
Brian T. Hunt 23,949 20,569 55,906 100,424 *
Peter D. Hunt 68,094 0 0 68,094 *
Sean E. Menke 11,285 121,497 0 132,782 *
Robert K. Muhs, Jr. 9,437 0 14,360 23,797 *
Douglas W. Shockey 75,533 0 0 75,533 *
John G. Spanjers 3,291 10,431 0 13,722 *
Philip H. Trenary 187,833 (2) 0 578,715 766,547 4.0%
Directors:
Donald J. Breeding 14,111 4,561 36,268 54,940 *
Susan Coughlin 6,344 4,561 8,481 19,386 *
Ian Massey 8,606 4,561 13,110 26,277 *
James E. McGehee, Jr. 84,561 4,561 21,668 110,790 *
Thomas S. Schreier, Jr. 20,611 (3) 4,561 39,168 64,340 *
R. Philip Shannon 15,261 (4) 4,561 39,168 58,990 *
Alfred T. Spain 7,344 4,561 8,481 20,386 *
Nicholas R. Tomassetti 15,111 4,561 16,416 36,088 *
All directors and executive officers as a group (16 persons) (5) 556,775 240,103 831,741 1,628,618 8.3%
Total Owned by insiders = 1,628,618
Current Institutional Investors as of May 2012
FMR LLC
82 Devonshire Street
Boston, MA 02109 2,803,674 14.8% (2)
Nantahala Capital Management LlC
100 First Stamford Place, Second Floor
Stamford, CT 06902 1,879,232 9.9% (3)
Wayne King, Ryan J. Morris, Meson Capital Partners, LP, Gregory Gerst and Gerst Capital Partners, LP, as a Group
c/o Frederic Dorwart
124 East Fourth Street
Tulsa, OK 74103 1,868,979 9.9% (4)
Apollo Capital Management, L.P.
One Manhattanville Road
Suite 201
Purchase, NY 10577 1,639,695 8.6% (5)
Total Shares owned by Institutional Investors = 8,191,580
Percent ownership of the company shares = 34.57%
Balance of shares for Market Trading = 13,874,107
The 13.8M shares are what are available in the Market minus the shares accumulated today = 237,627
Total estimated FLOAT = 13,636,480
I will be looking into the RegSho and the current Reg 4320 violations and posting that as well.
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Pinnacle Airlines Corp.
http://www.flypinnacle.com/site/our_company/aircraft.php
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Filing Date | Form | Description | Filing Group | Downloads |
11/13/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
10/25/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
10/04/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
09/26/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
09/18/2012 | CT | CT ORDER | Current Reports | |
09/13/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
09/07/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
08/31/12 | 8K | Report of unscheduled material events or corporate event | Current Reports | |
08/28/12 | 8K | Report of unscheduled material events or corporate event | Current Reports |
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