It would be a very smart move if they follow American Air. But if they are going to give the Union retirees the 35% stake in the company, then it looks like it will be in new stock. I'm not sure if there is a case to where this happened where a union was given this percentage of stock AND they kept it intact.
So my thinking is new shares. BUT, they should do the right thing on top of the 35% to the retirees and issue new warrants for existing holders. If they did that, then I would say this has a good chance of climbing up to $3 to $5 range, similar to American Air. The next question will be, how much of the new warrants to existing holders get. Will they do a 1 to 1, or for everyone 2 shares of old, you only get 1 in the new company. So we're not sure what it will be until it's pretty much at the end. Still got the rest of the year and I still believe this will start climbing higher and higher. Will take a little while, but it will get up there once this moves along better. Not sure what spiked it up last week, but it should start moving up again. We just need to quit having the pump and dumpers blowing it up. I knew some people who jumped in and then sold the next day and made their 10 to 20%. Of course when they all did that, it just plummets the price, and that's what we have now. But something started it and these others jumped on to make a quick 10 to 20% and crashed it. Someone bought a lot of shares and only a fraction actually sold. So someone is still holding on to a lot of shares. Not sure if they know something we don't, but I would think if someone bought as many as they did at a higher price, its bound to do something
AI
