Originally Posted by Happyflyer

Institutional investors, section 6 is a real process, they can't just write it off since they're managing large funds of other people's money. They'll eventually look to invest in a company that doesn't have labor "problems".

IMO early negotiations are a total waste of time and create pilot fatigue and help the company.
The pilots expect progress prematurely, and the company is allowed to yak about scope and set expectations for a whole year.