Unfortunately any new contract with Pinnacle management looks farther and farther away.

Some of the latest company attempts to cover the CFO's auction rate securities that are coming due.....

1. Firing half the base management staff and forcing the others to work twice as much for less money.

2. Canceling 401k match to employees.

3. Furloughing mechanics and trying to find someone to finance their spare parts operation.

4. Forcing a 401k change from Diversified Investments to Fidelity, in the meantime the company is raking in the interest off the employees money everyday. (Anyone have money at Fidelity yet?) - Must be lost in the internet black hole somewhere...

5. Switching employee payroll to 'in-house' so they can keep the payroll funds another 5 days(gaining interest), which has been a debacle for the people trying to run the program in Memphis.

There is no way this management team is going to write a check for a new contract with big retro pay right now. Just the reality of what they are doing....

Hard to believe they got themselves sooo far down this road.