Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Seriously, do your DD and you'll be fine.
Here you go, BRAND NEW INFORMATION! See on USGlobal.com/excutive team
Mr. Clements has been in the aviation industry for over 40 years with extensive experience including Executive Vice president of Flight Operations, Vice President of Operations at Cayman Airways; a Founding Director of Virgin America; Director of Training and Fleet manager at AirTran Airways; and Director of Fleet Management, Chief pilot, Director of Operations, and Captain in the B747-400 with National Airlines.
Steve has been instrumental in several Airline certification projects including the only US based FAA approved 14 CFR 121 passenger carrying airline to serve Afghanistan in support of US troops and the Department of Defense. He has extensive knowledge of regulatory, safety, and operational airline requirements. Mr. Clements holds numerous aircraft Type Ratings on Transport Category aircraft with extensive domestic and international operating experience and has served as an operations Check Pilot, Simulator Instructor, and Simulator Check Pilot.
Nope. I am very honest about the huge information that has come out since over 25+ years.
You can find it yourself.
See...told ya...huge information just came out today...very excited.
No, you haven't.
HUGE information is about to be release tomorrow...stay tuned! Very exciting moment!
No. That is a terrible assumption.
Check out the Latest Update on www.usglobal.com
Wrong. They know what they are doing.
Wrong. They have a plan. It has been reveal to us several months ago.
Is the deal dead? Did you bear witness? Or did they tell you over the phone? See my point?
Really...you must not agree with my e-mail.
What makes you think that they'll need another extension? "Because of the past?" That would be a very dumb reasoning.
They have already shown Aerline Inc that they have the money to buy Songbird, as that 15 day period is up, otherwise the deal would be dead and we would already know it.
There is no reasons to extend, otherwise they would have established a agreement to do so, which they have not. Last thing they want to is to extend because they will have to pay the penalty. Which is clear that they don't want to do that.
Since we have not heard that they dropped the deal...all points to that they are going to close the deal, and I'm guess by this coming Friday.
Glad you agree.
That makes zero sense.... what is important is the Songbird deal, nothing else.
No, that's been there for quite a while.
The first aircraft that they are currently in process of getting from Songbird is the 737-400.
The second aircraft that they plan to get in sometimes in 2018 is the 767-400ER.
Both are planned leased aircraft that has not yet come into USGlobal's possession.
A simple google search will lead you to it. https://m.planespotters.net/airline/USGlobal-Airways
I believe it. October 23rd. That's all I have to say.
Not really. It took Eastern Airlines less than a year to fly.
I have read this message last week and have been thinking about it. I honestly do think you're right.
I was in Quality Assurance and I wouldn't pass anything off until a job was completely done and it could be passed right at the last minute prior to shipping.
It is possible that everything is up to par and Tony didn't want to complete the audit until right up to the closing of the deal to include all transaction, to prove to the world that this is the real thing.
It's all about Tax write off, and an audit would allow that.
I think you're right, Redsky7.
"Jeeez, Baltia robomutt, don't you find it most embarrassing to post the same 'best week' BS all over again every single week?"
NOPE! Because there's a lot of truth to it.
Going to be the best week of the month. Hold on and enjoy the flight!
How so?
There is something that you can really do instead of asking this very question on the board...ask it directly to him, John Lampl. Straight from the horse's mouth as they say is the best way to get the answer you are seeking for.
You could keep going in cycles about this very topic if you are going to nitpick on everybody's thoughts on this, "blackout phase."
Ask him for clarification, simple as that. Here's the website you can go to and fill out the contact us form. https://www.usglobal.com/
I think you are just reading wayyyyy too much into those words.
While those thoughts have validation and can be backed up based on their experiences, nobody is perfect.
We know that USGlobal Airways has stated that they are in blackout phase as per the e-mail communication with John Lampl. Nowhere it stated that it's a requirement and others are using comparison based on their experiences of what it could mean.
Let it go. All will be revealed after October 31st.
I do not understand why you would think others say it's a requirement...who said it was a requirement? It's more like a request by the CEO to go in a blackout phase, and it's understandable when a deal is being worked on, at a time like this. You can still get response from the Communication Director, but nothing about the ongoing development of the Songbird deal.
There is nothing malicious about this move. They have said that when they have something to post, they will do so do by the means of www.usglobal.com or SEC Filings. So...they are not breaking any rules.
The CEO and any members of the executive team are not selling. It's just pure speculation, and if they were doing so, then they would have filed as you stated.
Just what I thought! A buy signal has been issued today based on today's performance.
Next week is going to be AWESOME. Indicators of the charts are pointing to up!
You nailed it, Rocker. One of the great thing that I have learned from USGlobal is that they have potential customers waiting to fly with USGlobal Airways. Thanks to Micheal Jordon for making this happen.
I personally see that the moment they close the deal, they could start making revenue within 3 months, so starting flights in the 1st Quarter 2018 is very doable. If they manage to get it going within a month...okay, but I'm not going to hold my breath for that. It'll be a great relief to see this moving forward.
I like your thoughts...thank you for that.
Nobody said it was illegal. The company choose to go in the blackout phase. This is not a first time a company has done this while an ongoing development of a deal is being worked out.
There is nothing malicious about this. When the company is ready to reveal the details of the deal, it will be after they 1) close the deal or 2) abandon the deal. Not during.
They are currently in the closing period of October 15th - 31st. Today's the 20th. There's still time. If it goes pass the 31st, then by all means, demand an update.
And it will happen.
You will do very well in the coming weeks.
Good to be right. BOOM!! CLOSES AT .005. Certainly a great week. Next week will be the best.
Big order coming up this afternoon...going to be one of the best week to date.
Okay. It is totally okay for you to feel that way. Meanwhile, a lot of buying today. Don't miss out.
Yes it will.
Certdog and flylowj is correct in the matters of how employees resources are used in the airline industry. Those regulations are meant to keep the pilots and passengers safe while flying.
From the business of saving costs point of view, it would make a lot of sense, but you're talking about a government agency that oversees the safety of airspace. So such concept of easily switching over one company to another, regardless of who's the parent company, if there is one, doesn't exist.
I used to work for Spirit Aerosystems and I was on 4 different programs, the 737 NG, 747-8, Cessna Columbus and 787 Dreamliner, and every time I moved to a program, Boeing had to shut down my account for the 737 NG to move on to the 747-8 and I had to take training courses for the program. It's like a company within a company within a company. They don't want Engineers switching over one program to another in a short amount of time for a lot of reasons.
If a pilot was to fly a 737-4xx, then the pilot will have to be trained for that type aircraft. IF they were to move to the 737-8xx, then the pilot has to go over the training for that type. It is a expensive process, but per FAA regulations, it has to be done. 737-4 and 737-8 are not "similar" to each other. Sure, to a typical person, one can see that -4 is shorter than -8. However, one is heavier than the other, center of gravity is off, operations of flight is very different, and so on.
On the 787-8,-9,-10, I worked on the flight deck and NWW and eventually the entire aircraft, the flight deck on all three variants are pretty much the same...but it's programming is different. On the NWW and MWW...the walls of the shell is thinner than the -9 and -10 because of load impacts.
I could go on and on, but since I'm not a pilot, I do know that Certdog and flylowj are right.
Songbird may not have a lot of employees right now, but that's not a problem...USGlobal will start the hiring process pretty soon. But it's not easy as just picking someone from the street...they have to meet a lot of FAA regulations to be employed by an airline company.
That's a good question. When I spoke to John back in August, he said that the audit should be done before the deal of the Songbird. But it is sure taking a hell of a long time.
Nope. They were working to September 15, and it was a target date, but now it is establish for October 15 to 31st. That is where the penalties are impacted if changed
There are penalties when they do extend it, and I believe they want to avoid that. Tony has let the shareholders well ahead of time if something was to change, ie, the July 30th Lease, to be postponed until 2018 for good reasons...to focus on acquiring Songbird. Tentative shareholder meeting in April was moved to May 11th, and we were informed of that ahead of time. And, moving September 15th to October 15th, and informed us 2 weeks before the date arrived.
If they were to move it, both parties have to agree to it in writing, and I believe penalties could be involved and I believe it is not desirable.