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PinkBu
The trend looking familiar to AAMRQ will see...what happens going long and strong I need more lollipop:)~~~~
What's up pinky we need more lollipop:)~~~~~~
Hey Yo-Yo, nice little run here. Not in it for long haul because shares will eventually go to -0-
RJETQ, Sold 80k shares with 100% gains and leave 70k shares to run! So Sweet!!!
Its all wiped out on march 8. Chatrooms are pumping this yet again
Sweet gains just in 1 day! RJETQ, go, go, go!
RJETQ, good run. Bought tons at $0.12-$0.14 yesterday, now 100% gains!!!
What's going on here? Besides the one day boom Tia and congrats to all in
Going long and strong!!!!!
The storm before the comeback hmmmm!! Let see what happens here!!!!!
The storm before the comeback hmmmm!! Let see what happens here!!!!!
Axar has sold 100% of their position.
Solus finished selling us out in that filing. Look at the check box where it says that they are no longer a 5% holder
The storm before the comeback hmmmm!! Let see what happens here!!!!!
The trend looking familiar to AAMRQ will see...what happens going long and strong I need more lollipop:)~~~~~
RJETQ: Axar Acquisition Corp. 10% Owner 7.3 M. to 6.11 M. Chief Acquisitions Office, Wiegenfeld Yoad: 1.19 M.100% etc...
http://www.form4oracle.com/company/axar-acquisition-corp-aumau?id=16436
Confirmation of hearing will be on March 16?
Not gonna lie. I'm taking this as a slightly positive note. I am assuming my shares might drop to zero. But the fact that they didn't go in and just approve the proposal means maybe there is something happening in the background.
Trying one more run at the pump and dump before shares are cancelled
that "Full report" fails to mention the bit from the POR that states that common shares will be cancelled.
Republic Airways Holdings Inc. : What Does it Mean for Shareholders if Republic's Reorganization Plan is Accepted
com/REPUBLIC-AIRWAYS-HOLDINGS-26533157/news/Republic-Airways-Holdings-Inc-What-Does-it-Mean-for-Shareholders-if-Republic-s-Reorganization-Pla-23718853/
Full Report!
I'm curious why the author of this story completely ignored the fact that RJET seeks to cancel all common shares.
Republic Jet: Ready for Take Off?
Republic Jet is about to emerge from bankruptcy. The shares are skyrocketing today. Could RJETQ finally enjoy blue skies?
Republic Airways Holdings, Inc. (OTC: RJETQ), a regional airline company focused on serving domestic short-haul flights on behalf of major airline carriers, is about to formally emerge from bankruptcy some time in 1Q 2017. The Company recently announced a reorganization plan in December. An omnibus hearing was scheduled for January 18, 2017 to settle pretrial motions and questions of procedure prior to the important confirmation hearing scheduled for February 14. Despite its bankruptcy, the Company recently released operational results for October and November that suggest operational profitability and cash inflow (prior to any settlement with creditors).
RJETQ shares on January 18, 2017 were soaring over +60%, though remain down over -50% since October and -75% from a year ago (prior to the Company’s bankruptcy filing).
Possible Drivers of Future Share Price Performance
Future factors that might drive RJETQ stock performance could include:
(1) Will the confirmation hearing in US Bankruptcy Court on February 14, 2017 result in terms of the reorganization as unchanged? If not, what modifications will be made? (2) How much will current shareholders be diluted by new shares issued to creditors? To what extent does the current share price reflect dilution (or is there risk if the reorganization falls through)? How long will the new creditor shareholders hold the stock before selling? (3) Can RJETQ execute successfully on its strategy to streamline and operate profitably and effectively?
RJETQ History and Recent Developments
RJETQ is a passenger air carrier focused on short-haul domestic flights between large cities served by the major US airlines and smaller cities. Prior to the Company’s bankruptcy last February, RJETQ had served nearly 1 out of every 5 domestic flights for Delta (NYSE: DAL), UnitedContinental (NYSE: UAL), and American (NASDAQ: AAL).
The Company faced a crisis entering 2016 which ultimately led to its filing of bankruptcy in February of that year. In spite of industry profitability being the highest in years, RJETQ suffered from a number of factors that compelled it to seek shelter from creditors (including aircraft lessors and pilots’ union). Too
many old planes, pilot shortages, and disputes with pilots and large airline customers eventually took a toll on liquidity.
RJETQ negotiated a series of settlements with its major airline customers as well as lessors Embraer and Bombardier. In exchange for debt forgiveness, RJETQ is issuing shares to its creditors, who will gain control of an estimated 72% of the new Company. Additionally, RJETQ won $50 million in higher payments from its airline customers to offset the equivalent in higher wages offered to retain its pilots. RJETQ also will have consolidated its fleet solely to smaller E170 and E175 jets while breaking leases on older models.
2 major hedge funds (Axar and Man/GLG) filed 13D’s in December after their sales of major positions in RJETQ.
Review of Earnings and Operating Metrics
The Company released operational data for November 2016. In spite of the Company’s bankruptcy, operational metrics (before interest expense and restructuring charges) appeared reasonable.
Revenues amounted to $96 million in October and $94.2 million in November. Most of RJETQ’s revenues are based on fixed fees agreed to with its major airline partners.
Operating margin amounted to 17.9% in both October and November 2016. RJECT indicated that arrival completion on controllable flights amounted to over 99% for full year 2016. Operating income amounted to nearly $18 million both in October and November 2016.
Cash Flow & Balance Sheet
RJETQ had $160.1 million of unrestricted cash and marketable securities at the end of November 2016, stable compared to October. Gross debt of $2.1 billion at November 30, 2016 was stable from October and subject to downward revision pending confirmation of the reorganization plan.
Shareholders’ equity as of November 30, 2016 was a deficit of negative ($110 million), though showed a slight improvement from ($120 million) as of October 31, 2016. Cash recorded positive inflows of $24 million in October and $11 million in November 2016
As of 3:39 PM on January 18, 2017, RJETQ shares surged +68.5% to $0.58 on heavy trading volume of 10.42 million shares. Market capitalization on January 13, 2017 was $29.6 million using Fully Diluted Shares of 50.96 million. Price to Sales (Annualized October and November) is 0.3x. The current RSI is 70.0.
file:///C:/Users/Usuario/Downloads/RJET-Analyst-Review%20(1).pdf
Wow, guess I hadn't had my coffee yet. When are the shares going to be cancelled and why would it have run up to 60¢ a share after this article was put out?
Incorrect, that article is from December (2) months ago. All shares will be cancelled per filing.
The article was written and posted on December 14, 2016.
This article is over a year old. They have already gone through Bankruptcy and are on the road to recovery.
Republic Airways Holdings Inc. PLAN of Reorganization: ***ALL shares will be cancelled!!!
http://bankruptcompanynews.com/republic-airline-bankruptcy-12-14-16/
Republic Airways Holdings filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement.
According to the Disclosure Statement, “The Plan provides for the substantive consolidation of the Debtors other than Liquidating Debtors, the reorganization and continued operation of the Consolidated Debtors, and the liquidation of the Liquidating Debtors.”
In addition, “The Plan also provides for the classification and treatment of all claims against the Debtors and the cancellation of all equity interests in RAH. Subject to the specific provisions set forth in the Plan, priority claims will be paid in full, secured claims will be unimpaired, and holders of Allowed general unsecured claims against the Consolidated Debtors, will, on account of and in full satisfaction of their claims receive either (i) cash in an amount equal to 45% of the Allowed amount of its claims, up to a maximum distribution of $225,000.00, or (ii) New Common Stock to be issued by the corporate parent – Reorganized RAH. Holders of general unsecured claims against the Liquidating Debtors, if any, and holders of equity interests in RAH, will receive no distribution. In addition, Republic Airline and Shuttle will merge and operate under Republic Airline’s air carrier certificate, to the extent that such merger and consolidation has not already occurred.”
Post-emergence, the three airline codeshare partners will own about 63 percent of the restructured business. creditors the other 37 percent. current equity (shares of common stock) will be canceled and have no value upon emergence from bankruptcy.
What happens on the 14th
???? Are we out of the woods or we wait till the 14th for confirmation!!!!!
HOLY. This thing actually took off!
They know how to dump shares.
Someone knows something
I agree. Huge dumping. The party is over.
People who jumped in at $0.05 and sold made their 400%+ and now they're gone.
Hoping the same pattern is going to repeat itself is really hanging on a fine thread.
Someone knows something? Definitely, insider trading happens every single day but those traders already left.
GLTA
Yep large dumping...
That means Dumping when volumes increasing while going down big.
Its funny how Volume increase continues. I think someone know something
Jump out now, there will be a slow continuation downward until 0
Most pump and dump artists are on yahoo mnkd and ihub
A once proud airline is now a worthless penny stock to be manipulated by pump and dump con artists until it is cancelled forever in a few weeks
Exactly how is what I said a false statement?
Check balance sheet do not let emotions interfere
False statement like 80% on ihub
No sir.. I am just a regular guy that used to work for RJET. I personally saw how management ran the company. They don't impress me at all.
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Republic Airways Holdings Inc. (Nasdaq:RJET) is an airline holding company and owner of Republic Airlines and Shuttle America. The Company is headquartered in Indianapolis, Indiana.
Our airlines operate a combined fleet of more than 250 aircraft and offer scheduled passenger service on over 1,300 flights daily to more than 110 cities in the U.S., Canada and the Bahamas through fixed-fee flights operated under airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express.
Our business strategy was developed by an experienced team of senior airline executives and incorporates sound business strategies and insights for the development and management of airlines operating throughout the United States.
We are more than 6,000 professionals for whom flight – and the business of flying – are equal parts art and science.
OUR PARTNERS:
Mission
Together we provide a safe, clean and reliable flying experience.
Culture Statement
We believe that every associate, regardless of personal beliefs or worldview, has been created in the image and likeness of God.
We seek to become stronger from our diversity. We seek personal respect and fulfillment from our work.
Most of all, we seek to recognize the dignity and potential of each member of our Republic Airways Holdings family.
View the Route Map below (click to enlarge) for our Republic Airways Flying.
We partner with American Airlines, Delta Air Lines, United Airlines and US Airways. Our airlines Republic Airlines and Shuttle America operate more than 1,300 daily flights while serving approximately 52,000 customers a day who are flying to many destinations in North America.
To learn more about traveling with us and our partners, click the appropriate link below. We look forward to having you on board!
Republic Airways does not perform any reservation or ticketing functions. Instead, these are provided by our partners. To book, check-in, reserve seats or look at flight status, please visit one of our partner’s websites below. By viewing our Destinations page, you can see our route maps that show you which of our partners serves a specific city to which we fly.
*Because carriers make frequent changes to their websites, it is possible that these links might not work. If you cannot find what you are looking for using the above links, please go directly to the ticketing carrier’s website.
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