KD out at WU
05-23-2023 | 07:44 PM
#11
Gets Weekends Off
Joined: Aug 2014
Posts: 269
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I had listened to some of those All Staff calls, starting with the Star of the show announcement; "And now our CEO, Kenny Dichter, Dichter!" I had never heard such "doublespeak" and management catch phrases in my life.
06-02-2023 | 12:27 PM
#13
Gets Weekends Off
Joined: Dec 2017
Posts: 2,014
Likes: 1
From: Retired NJA & AA
WU avoids stock delisting via 10/1 reverse..
https://www.ainonline.com/aviation-n...ource=hs_email
They did a 10 to 1 reverse stock split to avoid being delisted on the NYSE. The stock has traded for less than $1 for most of the year. The stock recently closed at 0.26.
They did a 10 to 1 reverse stock split to avoid being delisted on the NYSE. The stock has traded for less than $1 for most of the year. The stock recently closed at 0.26.
06-23-2023 | 12:38 PM
#14
Gets Weekends Off
Joined: Dec 2017
Posts: 2,014
Likes: 1
From: Retired NJA & AA
I posted more details in the Part 135 forum but the stock at WU is crashing again, even after the 10-1 split to keep them from being de-listed. Stock went from $3.13 to $1.24. Rumors that WU has consulted with a law firm that specializes in bankruptcy restructuring.
WU new HQ will be ATL and a retired Delta Exec will run it. Delta owns 20% of WU via the merger with Delta Private Jets. Should Delta take over WU they'll be on the hook for $1B in prepaid flight hours.
https://www.ainonline.com/aviation-n...ource=hs_email
WU new HQ will be ATL and a retired Delta Exec will run it. Delta owns 20% of WU via the merger with Delta Private Jets. Should Delta take over WU they'll be on the hook for $1B in prepaid flight hours.
https://www.ainonline.com/aviation-n...ource=hs_email
