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$3600 but flipside is sellers have dried up in this price range for now I guess. Lets see what happens...
And for those reasons the stock is trading where it is....
I agree with you Cert. Highly respect your opinion and analysis. I guess thats the bet. If they do succeed it will pop and too late to get in. If they dont then outside fence sitters win. Actions in print right now send a signal to me that they are not going to throw in the towel. For sure I would love to know what they are doing but whatever it is my bet is doing everything they can to win. Lets see in the end.
Exactly! The other underlying point I look at is..... there is so much money from big investors in this that imo those guys will support funding because they ultimately know if they succeed the stock will rally and so will their portfolios.
Another point is..... if they were dead, why pay Michael a 12k salary a month? Why have Michael there leading the effort with his contacts and resume? This is not a decision a dying business would make. Why not hire a CFO and pay them peanuts a month just to say someone is there a body in that role?
Lets see what their up to, time will tell.
I dont think its over just yet :)
Glta
Go get it Tony!!!!
BB in there today. Trips lets see what happens I will b there :)
1 Michael is CFO
2 Cheaper buy
3 Merger possible
4 New investor or investors to bridge the gap
5 New possible funding
6 Guys like me not knowing cash was issue maybe willing to help
So many options
My worry was they might start all over again, from losts article shared that is not the case. Their chances are much greater to be successful ( compared to very slim ) if they do surpass the cert process.
As I said imo the next PR will be bad news the financials along with good news an executed plan not a path to a plan. The path was read between the lines announced in Nov 30 PR.
Lets see what happens...
The one line about surpassing the starting all over again certification process to looking at certified airlines as a result.
Good point.
However because no mention of other issues doesnt necessarily mean there were none. Author or John for reasons maybe did not share every detail. I was interviewed many times by newspapers re the RE market in the past, when I read what I said , only a fraction was shared or at times twisted a bit differently. Its really up to the author. I do believe it it was a cash issue but I dont think we know the whole story. But good point Anvil re cash flows etc.
Now that I know in print they are not starting all over again which imo is a waste but are looking at the buy a certified airline path, I will be adding to my position.
GLTA
Ya the news shared by lost pretty much reiterates what I read in the Nov 30 PR about a path. Now I have it in print, they already had the path in place PR the execution of it along with the financials.
If indeed the sole reason was not enough money, why not make installment payments or Songbird takes back a portion of the unpaid amount as a loan? In business terms can b negotiated. I am guessing there was more to it that was not in the article. Ideally I would like to hear Tonys side of the story. Me personally, have been involved in vendor take back mortgages to close the gap on any shortfall to get the deal closed. I dont think we know the whole story.
Maybe Tony did walk because another airline op was more fruitfull for shareholders or Songbird some surprises surfaced that could not come to terms.
Lets see what happens..
Insider shares held, I got this from Barrons. Shares outstanding per Barrons is 9.44b, maybe the financials when released can shed some real time numbers. There is also many pp shareholders, cant find those numbers anywhere and in any sec filings.
John A. Drago 1.03B 04/20/17
Estate Of Igor Dmitrowsky 846.91M 04/20/17
Vick Luis Bolanos 646.26M 04/20/17
Anthony D. Koulouris 121.96M 04/20/17
Walter Kaplinsky 71.71M 04/20/17
Daniel J. Buckley 26.84M 05/8/17
Sheryle A. Milligan 10M 04/20/17
This was on Yahoo
ACQUAVELLA FRANK A.
Officer
Acquisition (Non Open Market)
Apr 21, 2016
217,820,100
CLARE BARRY
Officer
Acquisition (Non Open Market)
Apr 21, 2016
447,003,998
THAL RUSSELL
Officer
Acquisition (Non Open Market)
Apr 21, 2016
386,254,600
Total 3,804,758,698 I can recall Igor stating that these shares with the exception of Drago are restricted and can only be sold once the airline is certified.
Low volume trading sideways love it! Lets see where we close.
Yes but they have legal counsel so its just not for this, its for alot of other things they pursue.
Relevent to me it tells me there is a cash source or cash on hand to pay a lawyer
A lawyer showed up on behalf of Blta.... wonder how lawyers get paid:) If in a cash crunch self representation no?
Another development on the cash front.
If they had no money would this be settled?
1. CFO Salary increase $12000 mth
2. Lawsuit terminated
So far so good.
I agree with you Lost....as I said b4 it is my opinion it is the best for shareholders for Tony to release the terrible news financials with great news on one PR. Lets see what happens....
" Our team will continue to pursue a path that we firmly believe will yield a thriving business." Dec 29 release.
" Our executive team has embraced a culture of discipline and fortitude, which has enabled the ability to identify when more attractive opportunities may exist. With your interests at heart, and so much at stake, we will not take any action if we are not 100% confident it is best for the company and for you. It is this frame of mind that motivated our decision to pursue an alternative to Songbird." Nov 30 release
" Board of Directors met yesterday and unanimously decided to move forward with our revised approach. Due to the confidentiality of the relevant parties, we cannot go into more detail at this time. " Nov 30 release
" Mr. Jordan shall be entitled to receive a monthly salary of $12,000. "
" Mr. Jordan, 55, has 20 years of experience in the financial services industry with a focus on global capital markets. Mr. Jordan has served as an independent consultant to the Company since June of 2017 in connection with its efforts to obtain an institutional financing. " The 8k
The above statements from Tony caught my attention. Lets see if they can execute. GLTA
Ya I was in there at open another 2 mill added some .0024 majority .0026 betting all negative is behind us. Time will tell....
Same here. Lets see what happens...
Ya the 8k told me alot. Companies with no funds on hand, no plan or plan in place to get funds do not increase salaries they save every dollar, consolidate positions, walk employess out, some top mgmt work for free.
A salary increase is not something a company on the verge of bankruptcy would do. Common business sense. My guess is that they are keeping their mouth shut because in the past they put out a path to a goal only to not overcome obstacles. Read the Nov 30 PR imo they already have a plan. My feeling is the next PR re plan wont be a path to a plan but an executed one. Glta
Thats ok Mitt, the 8k with the salary increase tells me they are not heading to close the doors, hopefully in the right direction. Time will tell.
Obviously a sentiment shift here off the 8k. Low volume gradual uptick I love it.
Seems like the market likes the 8k lets see what happens....
Lets see what happens.... I would rather read salary increase than no increase that would send me a negative message that they are strapped for cash with no plan re funding. Also it could have been a pr that they are closing shop so to me its positive.
Re the 8k..... when a company is downsizing, is in need of cash or close to closing their doors, they dont increase salaries, they reduce to a $1 ( work for free ) for the newly appointed position or consolidate roles if they legally can, they are in cost savings mode looking to save every dollar out of their cost base. When a company increases salaries then that tells me something else.
This 8k tells me some very positive things that maybe in the making and that they are not closing their doors as some here thought.
Lets see what happens.
understood
Who cares we already know they screwed up. The financials are terrible. In the past they admitted they cant rely on them.
Exactly and this is why I have bet 50+ million shares that they will not be out of business and that the news cant get any worse! Lets see what happens....GLTA
Songbird maybe on its knees, never think that a revised deal is not possible. Anything is possible in business.
You should be on the board of directors! Adding opinion, guidance, value.
Too quiet Mitt. Either something is brewing or nothing! Time will tell. I think all the negativity is priced in here but no one knows. Time will tell.
I agree
Mitt what would you do if you were Tony? Would you release terrible news financials and nothing else or would you package terrible news with good news together? We already know the financials are terrible. Lets see if he does what I am guessing he will. No one knows his motivation but I do know its just too quiet.
Like I said alot of negativity surrounds the stock right now. You can either take it as its dead or as things can only get better. I am thinking we have bottomed out on negativity and things can only get better but just a guess. Lets see what happens in the end. One side will be right one will be wrong.
I dont know. it was said in an earlier post.
This is possibly on the table. Lets see what happens....
Defaulted payment to Drago and others are the least of their worries imo.
1. Financials
2. Certified airline
3. Path to certification
4. Capital to get there
Those are probably more important at this time.