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Old 08-24-2014 | 12:53 PM
  #7053  
Nevets
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Joined: Dec 2007
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From: EMB 145 CPT
Default What's the Latest at ASA/Expressjet?

Originally Posted by Dunkin
Check again on what 9 figures means, ASA had at least $100 million in the bank which counted as part of Inc's total cash on hand when Inc woud report their numbers. They bought XJT for about a net payment of $26 M because of the liquid assets and cash on hand that XJT had at the time of purchase. It is not that hard to figure out but most pilots are so business illiterate that it does not surprise me you are having difficulties. Maybe your aviation forum time would better be spent getting an MBA so you could understand some of these things, it might even help with your plan B and C! Not knowing how much 9 figures amounts to is worse than not knowing how many syllables ACEY has.

So I can't count! Regardless, if ASA had $100M in some bank account, how much does ASA have now? The Q doesn't say. The fact is that Inc reports their assets, not ASA and XJT and SKW separately. The point being that ASA didn't buy anything. Inc bought ASA like they bought xjt. Again, if you believe that BH did this as opposed to Skywest inc BOD and CEO, and that the maneuvers by the attorneys was anything other than to try to show that our scope and holding letter didn't apply, then that's really is worse than thinking that Acey has one syllable. But seeing that both those beliefs come from the same person, it's irrelevant, like the 9 figure comment.