Although I mostly agree, I believe they genuinely were looking for a deal with NK. Watching NK management from the outside over the last couple year, they seem to be in serious denial or at least experiencing one or more "hazardous attitudes". Their first bankruptcy was Einstein's definition of insanity. They didn't structurally change anything with the airline, just screwed the shareholders. I remember reading about their "bloodless" bankruptcy wondering how they expect anything to be different when they exit. NK looks to be on at least plan "C" or "D" on how to exit, and it's not looking good. Good luck to everyone there and I always think "but for the grace of god I".