IFlyForFood

Mucho grassy-ass on the suggestions!!! I'm sorry if I hijacked this thread, but JetJock's posts sparked the interest in what I was already contemplating.

I think XJT will eventually turn itself around, going to take some time and reorganization and lots of hard work......and then JetJock will be having a "ha ha told you so" party some time down the road. Goodluck, Man....hoping it pays off for you.

JetJock16

No, I had these exact intentions in mind when I started this thread. I wanted good communication between investors & potential investors, on tips and ideas, in hopes of gaining a little more info or insight so that we aren't completely blindly investing.

Someone might have a great tip that could lead to more opportunities for most all of us.

dba74

Once you make a few more posts you can send/ receive private messages. I'll send you or anyone the link to the website I use. I started in April and have never paid 1 cent of fees or commissions. They make their money from margin accounts (borrowing), which I don't do. It's kind of like credit cards with no annual fee that you pay in full each month.

waflyboy

Buying ExpressJet right now has more characteristics of a gamble than an investment.

They will be loosing significant sources of cash as the branded goes offline. As mentioned earlier, they will at the same time experience large cash outlays.

It only takes a single default to cause a BK filing. I haven't seen their 2Q financial yet.... so maybe I'm way off base here.

newarkblows

"They will be loosing significant sources of cash as the branded goes offline."

it was operating at a loss

DeltaPaySoon

JetJock,

Just keep in mind that most companies, airlines included, usually re-issue stock if many issues at the current time are found "unacceptable". This renders previous issued stocks void.

If my memory serves correct, United did this about 5 years ago or so.

Good luck!

JetJock16

Delta did the same. That's what happens when you emerge from BK.

Yes it’s a gamble, that’s why I'm only investing what I'm willing to lose.

waflyboy

No doubt. But it was also throwing liquidity into the hoppers, slowing the depletion of the bank account.

JoeyMeatballs

I agree 100% with you that enough is enough and we need to draw the line, however I will also tell you that if the company does not get 5% from us now, they will be looking for much more in bankruptcy court. We can all act like we would rather see the place burn down then give up 5% but we need to handle this very carefully. As an MEC member I am not going to tell anyone how to vote, but just want to caution everyone that it could get very very ugly...

It is unfortunate that the BOARD signed a deal with CAL that literally is a going to make us lose money, but it is what it is and the company needs a way to reduce costs. If the pilot group wants the company to look elsewhere I am 100% behind them, and will stand behind them, just want to warn everyone that Bankruptcy will cost us a lot more then 5% our pay. If the group decides to give up anything, any money that is made will come back to the Pilots, I can guarantee you that

TonyWilliams

Haven't I heard this line from every airline CEO over the years ? Never seems to quite work out... for the worker bees.