Originally Posted by
BenS
I mean, we definitely weren't in the boardroom.. we can't say with certainty that neither happened.. we have no idea what the lenders seen.. if we have an IOI, if we're in late stage merger talks, anything really.. there was nothing that required public disclosure..
If "neither happened" is exactly what was going on the in boardroom, I suspect the lights would've been shut off Saturday night..
I disagree. There’s risk to the investors as NK continues to lose money. You’re right, none of us were in the board room but there has been zero purchase offers, just AA buying two gates. Operationally, NK continues to lose lots of money. Is the $50M an opportunity to see how paycuts will affect the bottom line? Maybe. Frontier is not in a good financial position and their pilots are frustrated in contract negotiations. The lack of $100M tells me that investors are not completely convinced of success but essentially will give NK another month with half the cash. Hoping it will be a successful month with no speed bumps. If not, I think the cash stops.