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Old 03-24-2021, 05:31 AM
  #11  
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Originally Posted by gsaviator View Post
For what it’s worth, I read several articles that said the ticker symbol was going to be “FRNT”.
That was the symbol in the previous IPO filing.

https://www.nasdaq.com/market-activity/stocks/ulcc
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Old 03-24-2021, 06:04 AM
  #12  
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So...

In terms of being an employee, I take it we're offered stock purchase just like the regular public? No preferred way to buy or 401k options?

I didn't see any stock discussion in the contract but maybe I need to go back and reread...
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Old 03-24-2021, 06:05 AM
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I don't think anything is official yet regarding employee options
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Old 03-24-2021, 06:58 AM
  #14  
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Originally Posted by dracir1 View Post
So...

In terms of being an employee, I take it we're offered stock purchase just like the regular public? No preferred way to buy or 401k options?

I didn't see any stock discussion in the contract but maybe I need to go back and reread...
The odds of Bill Franke selling his shares of Frontier at a discount to employees, are virtually nil. It appears that 50% of the shares being sold are his, the other 50% is new issuance equity by the company. The latter, most likely paying off the covid loans acquired last year. They need to get that CASM back down.

If we want to buy ULCC stock, it'll be on IPO day with the rest of the masses.
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Old 03-24-2021, 07:01 AM
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Originally Posted by PulledBreaker View Post
The odds of Bill Franke selling his shares of Frontier at a discount to employees, are virtually nil. It appears that 50% of the shares being sold are his, the other 50% is new issuance equity by the company. The latter, most likely paying off the covid loans acquired last year. They need to get that CASM back down.

If we want to buy ULCC stock, it'll be on IPO day with the rest of the masses.
I think you are right. Kind of hard to imagine any other scenario
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Old 03-24-2021, 05:29 PM
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Originally Posted by Aero1900 View Post
I think you are right. Kind of hard to imagine any other scenario
Why? I’m not suggesting it’ll happen but it wouldn’t be the worst idea, as an owner, to have your employee group financially tied to the succes of the business.
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Old 03-24-2021, 05:32 PM
  #17  
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Originally Posted by PulledBreaker View Post
The odds of Bill Franke selling his shares of Frontier at a discount to employees, are virtually nil. It appears that 50% of the shares being sold are his, the other 50% is new issuance equity by the company. The latter, most likely paying off the covid loans acquired last year. They need to get that CASM back down.

If we want to buy ULCC stock, it'll be on IPO day with the rest of the masses.
I’m not sure we used any of the government loan money.
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Old 03-24-2021, 05:35 PM
  #18  
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Originally Posted by docav8tor View Post
Exactly what I was thinking. It's the perfect symbol for a merger of two ULCC.
We aren’t merging. This is a great way to increase the number of hits Frontier gets on a Google search. If you search “ULCC” today you might get hits on NK, G4, F9 or even SW depending on the current news cycle. The longer this goes on the more often that search is going to put www.flyfrontier.com as the top hit.
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Old 03-24-2021, 06:41 PM
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Originally Posted by Xdashdriver View Post
I’m not sure we used any of the government loan money.
That’s what BB said at some point, maybe December or so
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Old 03-25-2021, 07:11 PM
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Originally Posted by Powderkeg View Post
Why? I’m not suggesting it’ll happen but it wouldn’t be the worst idea, as an owner, to have your employee group financially tied to the succes of the business.
You can’t be serious? Are you? Nice thought but that’ll never happen.

There wont be any type of employee discount stock purchasing during the IPO. There won’t be any type afterwards either.
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