Originally Posted by
OpieTaylor
No program is required.
When Atnt merged with someone forget who, Eric Holder threatened to sue to block it until Atnt agreed to phone plans for poor people out of their own pocket with no government funding.
He then dropped the suit. If the DOJ wants something JetBlue and Spirit will have a closed door meeting and DOJ will drop suit.
The DOJ can always maintain their current position, but they will likely see the potential outcome more clearly if they do.
JetBlue is obligated to appeal, and the DOJ can drop the suit and “force” Spirt on them if they think the winds have shifted.
Part of me thinks the hedge funds that have the largest position in Spirt are intentionally getting their wall street friends to hype the BK, so they can convince the DOJ of the urgency in appeal.
There is definitely an element of theatrics at play.
This is all heavy Wall Street moving, the Spirt price is $7.50 and the purchase price is $32.50 if and a slam dunk if DOJ drops the suit everyone is getting there people lined up for a payday. They are in control of a 15 minute 400% ROI.
The DOJ is figuring out how to buy 100,000 shares of Spirit without getting caught.
Vanguard and Blackrock combined own 18% of NK and 30% of JB. Someone at one of these firms didn’t pay the right people.