has no debt to bring to the table of lenders who want to make money and know there is no escape from risk, no matter what business they (lenders) are in and who they are giving loans to. There's more risk in the world than money.
About the 12% preferred. It was a deal made mainly by an individual. The terms also are such that shares may be convertible into common. So it's a toxic loan. Not good.
You said, "opinion is the absence of fact." In other words, opinion is theory. Will let me tell you my friend, every thing that exist and ever did exist started out first as theory before fact: Rome-New York-London-Berlin. So we shall see about this airline.
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