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Wednesday, 05/02/2018 3:12:57 PM

Wednesday, May 02, 2018 3:12:57 PM

Post# of 31087
Here's my take on the recent filing. Great, great, great news! This was huge in my humble opinion. It shows that Johan Eliasch isn't the boogeyman, he's here to grow the company while being mindful of the shareholders and capital structure. Per the 8K, this is an Emerging Growth Company, hello?

Also, Johan Eliasch's position is not harsh in any way. Yes, he has a security interest in all the aircraft, but this isn't any different from what a bank does, even the best companies have debt that is structured this way. When a company has a working capital line or a revolving line of credit with a bank, the bank has ties to receivables, inventory, and commercial real estate. Basically, they have ties to all the assets of the company. Not only that, the bank will slap on restrictive covenants to boot. It's no different from what Johan Eliasch is doing. In fact, Johan is being generous. I still can't believe this stock isn't up more.

Finally, the L-1011s have the ability to increase revenue by not just a lot, but a whole hell of a lot. Not only that, the margins will increase tenfold because the planes were purchased with equity and not debt. How can you not be excited about this company right now that currently trades under $0.20? I haven't seen an opportunity like this in a long time. This isn't about pumping the stock, I'm just excited for the future. Obviously, we need to win contracts, but at least we're starting to see the light at the end of the tunnel. Will there be more obstacles to overcome, of course there will be, but they'll get through it.

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