You really need to read all the filings, not just the ones associated with HP.
You should know by now that what is "presented to the west..." is hardly more than propaganda.
You may wish to try to be more objective, something lacking from the "west contingent" here.
With the Fed note due and "profits" like a grain of sand on the beach, HP was due to go down quickly.
Here is a question for you. Who put up the "down" to complete the Lakefield loan, you know, the one that kept HP from going under?
I am actually very objective. I just threw out some flamebait to see if you would bite, (and to try and get the subject off seniority integration),you did not and your response was well tempered, good for you.
The propaganda presented on both sides is an attempt at managing our expectations.
I do not recall the fed note being due in entirerty, unless certain triggering circumstances happened. HP was showing profits,however small for 3 consecutive quarters, however they did have a large loss in the quarter prior to those three that took like a third of their cash and scared us all out here. You can limp along indefinitely braking even, but you can not loose half of everything and survive long. But we were not as dire as you make out, you might recall we attempted a purchase of ATA prior to the AA deal.
I do not know who put up the "down" you refer to. The way I remember it was HP announced we were talking to AA. we need like 1.3 billion to make the deal happen. 1.3 bil minus our 400 million means we need to come up with 900 million and we were close, With many investors contributing. I would have to do research to come up with exactly who and how much, but I do recall Airbus putting up like 250 million, Air wisconsin and Mesa Air Group are onboard, et al. Then the next thing we hear is the investment community likes the deal so much that we have raised over 1.6 billion and the deal is for sure on, but with the extra investors onboard the HP stockholders will now own like 38 percent of the new company instead of close to 50%, but still the largest single block of stockholders.
So here are my questions for you.
How much stock do the former AA stockholders own in the new company?
Where is Lakefield now, where is corporate headquarters now, and in what state is LCC incorporated? I'll give you a hint on that the last, LCC is the new company and the state begins with the letter DE.
And finally,
Q. What is the difference between an East Pilot and a West Pilot?
A. One of them thinks they are right!
