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Saturday, June 19, 2010 4:49:46 PM
This company appears to have no assets beyond four old airplanes registered to Atlantic Aviation, and we have no clue as to whether or not they are owned free and clear, or are under lien.
There may or may not be a pile of obsolete helicopter parts originally manufactured for military export which would be ineligible for installation in U.S. registered aircraft.
Yet we are led through what amounts to really nothing more than heavy hints, that they have been able to offer enough Triple A rated securities to secure well more than a quarter billion dollar loan? While the O/S steadily grows during the all the time, just about to happen, already happened, continuously ongoing share buy-back program.
I mean, this just doesn't pass the smell test.
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