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So wtf is going on right now . Sorry guys I am so confused is there a vote on getting out of bk , will the shareholders get to keep their shares . I am really not getting the situation
Oh you are a chat bot working for whom bondholders
That would indicate that the commons will definitely be cancelled. Glad I dumped this POS when I did.
Disclosure statement approved by judge, voting taking place this month and confirmation hearing next month
I am going to BUY and hold to the end
got back my losses from yesterday....now we see. Thinking about taking my gains and running though.
Do not bring. False hope here did not pierce 200ma like aamrq
Nobody knows now 70 % chance nada
I am hoping for some gaining days ahead....head most of mine at .45 after I sold after the last big run up to .60's. Put money back in at .45 and now just added some at .26...praying this stock doesn't go to teens or single digits again.
Volume again!!!!
But UPLMQ didnt have a plan that wiped out shareholders
Wrong, UPLMQ was the same story, they had Billions in assets prior to filing Bankruptcy stock price plunged from 3.00+ down to .16 then when the company announced that it is emerging from Bankruptcy the price started to explode from .16 to 8.00+ always refer to historical events and facts..
Google it filed a motion on appral
Never heard of an ad hoc shareholders committee.
Sources?
Charts do not lie need to break 200ma to show honest accumulation
Key thing need to go above 63cts. Know some hedge funds think there is value on equity side. There is also a ad hoc committee for shareholders so think no cancels . Some posters here paid to advocate dif scenario forclients
I like your thoughts. I was hoping for that same thoughts when Kodak was going through bankruptcy. :(
But I was in aamrq. So for the chance to hit it once is always worth a little skin in the game. Up 47k% lol
I agree if the stock prices does go up. They could offer maybe a secondary. Bc there is so many little shares. That would create new money for the company. And the stock might pop even with a dilution bc this price is so under value compared to the cash on hand. And assets through planes.
Unfortunately, you won't get any cash out of your shares if they get cancelled.
That's in RAH proposal. Cancel all the shares (mean $0.00 to us) and then start fresh with a new company and ticker.
No provision for transferring existing shareholders to the new ticker. It's going to be a new different company.
The whole concept is behind the idea that shares are so worthless that it's not going to affect significantly a lot of people.
What usually happens at this stage is that shares lose value to sub-pennies and a results the entire value of the outstanding shares is so negligible that a judge can easily agree on a cancelling proposal.
What's interesting is that that scheme didn't quite work as planned because the value of the share went up quite a bit.
So I believe what everybody is hoping for is a denial by the judge who might think there's too much value in the share to make the cancel effective.
If Rjet had 1.4 billion cash, I assure you they would have had no reason to file BQ.
The last I saw was 150ml.
How can we get some of the cash when the plan cancels our shares?
Yea, I would love to see everything. The money manager we got tipped off on was calling this out when it got down to .08...didn't get to me until it was back around .10. playing with profits now, but I can see this surging and receding plenty before they announce anything. We shall see, been a bunch of fun which I haven't had since the 2014 Pot Stock craziness.
Agreed!! My brother is a pilot and uses a money manager who represents pilots specifically...turned me onto this stock and I've been in and out for great gains. This has buzz and great charts.
No problem at all. I'm just pointing out some stuff to speculate one way or another, for people to make their own decision. I've already made mine. I'll try to find the report I found with the 1.4 billion cash number.
He has a point, and this is not American Airlines...
Where are you getting the 1.4 billion number?
And I disagree. Ask the people that stayed in through the American Airlines bankruptcy if it was better before or after??? They made big $$$
I agree. All points lead to this becoming a huge play, which is my opinion and why I'm adding. There's no reason for them to cancel-and it maybe actually not be up to them! Watch for this to explode!
What is so very interesting about this stock is they only have 50 million shares afloat that's nothing. So to cancel 50 million and start over don't make any sense to me. most company's are in the upper 100's to a billion shares aflot
the time to buy is after Febuary 23 we need to see what the court approves. Those that own now could get very very lucky if the court does not let them cancel the shares GLTA
So as shareholders can we get together and file suit?
I thought they only have 150 million cash on hand?
The supplemental plan hasn't been filed, so you don't really have a way of knowing iqhats going on. It's speculative both ways, but there is a February date for the hearing on the plan. If you think you will "lose everything" , sell now and I'll buy them and you will be fine! I think this one is going to be restructured.
That cash is going to the creditors. We are being left out of everything
With 1.4 billion cash on hand, they could pay out on the BK stock. Last company had 4 billion, so maybe a quarter or third of what that one was?
Is there a ad hoc committee of shareholders if one good for shareholders seems one while they appealed something
You posting old doc's new doc's have over 400+ pages....
Most people keep saying a $23/share large reverse or some crazy number like that. They currently have 1.4 billion, not 4 billion. So IF they go through with keeping shareholders on board, the number would probably be....say $2 or $3 starting
Correct rjet will not be purchased by Delta. I can also confirm that the AE to Envoy situation will not happen either.
Rjet will only fly the E170 & E175 coming out of BK. Remember, staffing (pilot shortage) was part of their issue plus old liabilities (E145, Q400 etc)
To an earlier comment regarding rjet paying out these stocks like AAMRQ did; its hard to tell but rjet does not have 4B in cash like AMR did however they do have some cash.
Not sure I would expect these guys to pay out a bk stock but here is just me speculating. Anyone's guess is as good as mine there.
Make money until the very last day. Don't sell
No major airline would ever acquire a regional.
RJET may give them the planes to Delta and then become a staffing company for those planes, thereby having little to no assets.
Think it cant happen? Look up the old American Eagle (now Envoy). Thats what they did with American.
They denied us a shareholder committee. We have no rights
Prove collusion between management and creditor committee. Is there a shareholder committee?
This doc old not approved by judge
I'm in none of the classes. But if you own stock you are in one. Read and ask questions for your own knowledge
As I did.
So what is you're classes you in.....
Please read page 32-37 to find out what class you are. Then call one of the law firms above and ask them what class you are.
https://cases.primeclerk.com/rjet/Home-DownloadPDF?id1=NDk1MzE0&id2=0
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