Replies to post #20611 on Priority Aviation Inc (PJET)

[ForReal]

The CEO could not take the debt with him unless the debt holder would give up conversion rights. That is not very likely. Debt holders are in the business of making a profit, not giving new owners a chance to become millionaires. It would violate the terms of those loans for the CEO to take the debt with him.

[dcsteve]

It's in the 10/12 PR.

"Mr. Minikes exercised his option under his employment agreement to acquire Priority One Jets.

Prior to the ceos departure, he settled all debt in February.

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