the company and its allies were buying the stock at 2 cents three cents, five cents each, to gain majority control and eliminate the need to do anything for common shareholders.
Dave, Seba, Endoptions, John Deere and whomever else you are today, your analogy is ridiculous. Common stock holders fall in line behind lenders, bond holders, and government as to who gets what in these situations. Majority rules, and since the senior lenders are the one's most hurt, when the spoils get split up, they benefit the most. It's just the way it is, we can and will get NOTHING in this deal.
they said they had fixed 71% booked at $59,000 per day, which is 5% down from Q1
I still have 37,000 shares so those are toast. Wasn't worth the gamble, as I heard last November this was the end game. Made money overall on shorting this dog, gave some back on the chance it would go the other way.
Seanoise, it is in fact an equity wipeout, as has been warned many times. Seems like shareholders are stuck. lol
It's only a matter of time before it goes under $1 and probably as low as 60 cents again. First quarter results were disastrous, leadership fails to motivate the troops, once again. I'm staying short and loving this action today.
Bingo....you hit the nail on the head here.
bs, you are not shorting 4.25 million worth of anything. no friggin way
you are living in a dream world. this stock is toast it's going to $338. no way you are making money trading this unless you are against.
same thing in Tacoma, Lacey, and the other 12 States we have in our survey. It's even worse than what I projected, and April is another meltdown. This stock is going to $338 no questions asked. Just hope it gets there by September.
you are bs. all full of it, that's so easy to spot, bragging about your trades when you were long 50 points ago. what a laugh.
Close on the revenue number but how did they not loss more than $50 million?
This stock should get hammered on the huge revenue miss, but will probably move up on the beat off their $1 per share loss. The chance of me making money on this going to $338 has now been reduced.
You get what you pay for, for me, I'm glad I bought this stock last Thanksgiving at around $36. It's a GREAT airline, and only getting better.
Cerberus is a major holder in one of my favorite oil trading stocks, DHT for double hull tankers. Shipping company that owns a bunch of vlcc's that are making good money and paying 16% dividend. Great stock to trade between $5.50 and $6.25 for the past 9 months. DHT check it out.
So you say they lose $204 million? Side bet?