Most of Asher's sixth and final note has been bought out, and the company will make this known next week when they file their quarterly fins. Asher could have started converting #6 on November 3 and there was only one day since that date where large blocks went off on the bid, and nothing for the past six trading days, which in not the pattern of Asher dumping when compared to previous conversions. The company has repeatedly made it known that they were going to somehow deal with this note, through conventional refi to straight up cash buyout. To the best of our knowledge and belief over at the AAVG board, there are no more convertible notes due and the company has PRd in the past their ability to obtain more conventional financing. mgmt expressly states in their DOT response filing that they are using current operating capital to refurbish currently grounded aircraft.
twin air calypso be upgrading its website to allow internet-based flight booking which I believe is a requirement of possessing DOT Air Carrier status. So that something else to look forward to.
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