Old 08-09-2012 | 12:29 PM
  #10  
ShyGuy
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Pinnacle BK jeopardized by greedy investor
Pinnacle has been jeopardized by mismanagement of the Phil T era. Don't blame these investors for what they are trying to do. For the first time, someone is trying to hold fire under Pinnacle's feet to actually demand accountability.

Pinnacle has already been jeopardized by the economy, price of oil, Delta's new TA, and a large 50 seat RJ fleet. No one was lending money to Pinnacle, only Delta came to the rescue to finance money and became the debtor-in-possession. Honestly, I wouldn't take out any frustration or anger on the investors trying to hold Pinnacle accountable and for them to try and get their money back. More power to them. They got taken along with the ride and screwed. If they only knew how badly Pinnacle underbid the ATL 900s and the Colgan Q operations, then maybe they wouldn't have invested as much as they did.
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