There is at least one investment group that has agreed to assume ALL of Pace's debt and pay a significant amount of cash to Mr. Rogers. The roadblock is that allegedly, Mr. Rogers has sold 50% of the company stock to Mr. Lee Booth who assumed 50% of the debt. Apparently, Mr. Booth wants to play "hardball". I'm on the outside looking at this kinky drama unfold, but it appears that Rogers and Booth have little, if any, bargaining power and this group of investors is too smart to pay these clowns more than $ 1.50 without 100% ownership of the company and it's assets.

My opinion, and I'm just a tea leaf reader, is that the investor group will just wait until the N.C. Dept of Labor (along with federal authorities) have conducted a full and complete investigation of Pace Airlines; Mr. Bill Rogers; Darrell Richardson; and Stuart Carney and then they can buy the remains at a "fire sale", bargain basement price after legal action has been taken.

The unfortunate aspect of this melodrama is that a lot of good people will loose their livelihood because of the arrogance, ignorance and egos of a few individuals that seems to put themselves above everyone else. It's unfortunate that one individual can gain control and then destroy a company all within 100 days.

G'Luck to everyone at Pace