Branson &usairways.
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usairways_vote_NO
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BoeingBoy said:
Lets see can't find an investor what do you think?
At that point, it becomes a poker game. Move too soon, and you pay too much. Wait too long, and you end up with nothing.BoeingBoy said:
Which is why, UVN, having no significant investor press releases doesn't mean as much as you think it does.
Glad you found that in the archives!!!! Wonder why many do not or will ever trust this current managment team!!! All are just a number and hopefully mine is high enough where I will be severed from this company as soon as possible!!!!
BoeingBoy
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Since Branson and Virgin America came up in this thread, there's this....
"Virgin America, the startup low-cost airline with operational headquarters in the Bay Area, likely won't get off the ground until 2006."
Virgin America faces delays
Jim
"Virgin America, the startup low-cost airline with operational headquarters in the Bay Area, likely won't get off the ground until 2006."
Virgin America faces delays
Jim
savyinvestor
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USAToday article says Branson is still planning to launch "Virgin America" and is seeking investors to overcome the 49% ownership rule. This may take place later this year or next. Savy
Bob,
He would not move IT, MTC or call centers to AL, until US cancels all the leases in bankruptcy.
They could pull another PIT shenanigans and file all the paperwork minutes before emerging.
But I would not put anything past this management group.
He would not move IT, MTC or call centers to AL, until US cancels all the leases in bankruptcy.
They could pull another PIT shenanigans and file all the paperwork minutes before emerging.
But I would not put anything past this management group.
BoeingBoy
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Heck, Bob, $100 mil would be a 25% premium over current market prices.
That said, though, Bronner would take over more than the $6 million or so in revenue (as mweiss & I discussed somewhere). He'd also take over between $4 and $5 billion of debt as it stands currently, counting such things as aircraft leases, etc as debt. Who knows what the number will be if or when we exit BK, but whatever it is, it won't be the 1 to 60 "investment to return" ratio it appears on the surface....
Jim
That said, though, Bronner would take over more than the $6 million or so in revenue (as mweiss & I discussed somewhere). He'd also take over between $4 and $5 billion of debt as it stands currently, counting such things as aircraft leases, etc as debt. Who knows what the number will be if or when we exit BK, but whatever it is, it won't be the 1 to 60 "investment to return" ratio it appears on the surface....
Jim
The real issue is not how much it would cost to acquire the outstanding stock -- this will likely be worthless after bankruptcy emergence. The big question is how much one would have to invest as part of a reorganization plan that will satisfy the company's creditors.
Absolutely. So how many cents on the dollar could a buyer get away with? The answer depends on:
- How many bidders there are
- How long the creditors are willing to hang on waiting for more bidders, and, related to that
- How much longer these net losses can persist.
PSA1979
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golden1 said:
I went to training for the British Airways wetlease in Merry Old England. Had a pub on every corner! Now that's my kind of training. My son did a six week college course there and they had a pub in the dorms. Now that is the only way to go to school!!!!!!!!!!!!!!!
