The coming events for EK is very crucial to its future.
On Wednesday, February 20, 2013, Judge hears the motion to extend the filing of the POR til May 31, 2013. This is a very important event because others can comment on why should EK be granted an extension when the period is over and they have a better solution going forward.
The funding of the exit financing deal starts on February 28, 2013. This exit funding extends the maturing of existing loans and also brings in more cash.
The year-end financial report & 10K have yet to come out. This is one of the most crucial event for EK going forward. This sets the stage for the POR much like a press release. I believe the deadline for this reports is March 31, 2013. We get to find out why the Consolidated Cash is increasing.
I hope everyone gets on board on the PROXY STATEMENT FOR 2013. The PROXY STATEMENT FOR 2013, lets us know who the BOD are and who are has a majority stake in EK. The entity that has a majority stake in EK would want to control or have the reins going forward.
The Shorts are trying to say that they can control the destiny of EK when EK Consolidated Cash Position is increasing. EK Consolidated Cash on exit of BK is expected to be around $1.3B.
A lot has been done for EK to exit BK. One of the most important events is scheduled for Thursday, February 28, 2013. Its the start of the exit financing deal which brings in more funds and extends existing loans.
Also coming out next week is the MOR which will give the amount of Consolidated Cash for January 31, 2013. As more funds comes into EK, more strategies can be develop to exit BK.
Shorts are still trying to take EK to ZERO, with EK having $1B in its checking account.
Looks like tomorrow there will be some fireworks in the Court room There are some powerful parties out there that are not happy how the BK is going. They are objecting to the extension of EK for another 90 days.
How this plays out may be what is at stake for EK going forward.
The only idiots that are not happy how the BK is going are the LOSER LONGS and the NUTS forum idiots. Everyone else with any common sense is not surprised at all. Enjoy your tide to ZERO jughead - HAHAHA!!!
Now instead of tap dancing for the employees and stockholders, AP is trying out his soft shoe on the people loaning him money so he can keep betting on horses. That "win" is always a missed commitment date away and this guy has the audacity to ask for a bonus for this fiasco???