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-   -   PinnaColaba Bankruptcy soon (https://www.airlinepilotforums.com/regional/63929-pinnacolaba-bankruptcy-soon.html)

PinnacleFO 12-08-2011 06:57 PM

So with regards to renegotiating our asa's and aircraft lease agreements. How many Saabs and 200's do you guys think we will have after this?

FlyJSH 12-08-2011 07:07 PM


Originally Posted by 80ktsClamp (Post 1098851)
Exactly. Scope scope scope.

That was my battle cry in the DL contract 2012 survey. Let's hope there were many others.


Originally Posted by Skypilotsv1984 (Post 1098866)
Thank you! I hope all mainline pilots decide to take back scope.

If Delta takes all if its flying back, 80kts will need to come up with a new reason to spend time in the PinnaColAbba threads.

FlyJSH 12-08-2011 07:08 PM


Originally Posted by PinnacleFO (Post 1098870)
So with regards to renegotiating our asa's and aircraft lease agreements. How many Saabs and 200's do you guys think we will have after this?

Somewhere between 3 and 3000.

80ktsClamp 12-08-2011 07:10 PM


Originally Posted by FlyJSH (Post 1098874)
If Delta takes all if its flying back, 80kts will need to come up with a new reason to spend time in the PinnaColAbba threads.

I used to work at Pinnacle.... still have plenty of friends there.

However, I hope to have to come up with that new reason. :)

DeltaPaySoon 12-08-2011 08:27 PM


Originally Posted by Av8tion (Post 1098820)
Is anyone else tempted to buy PNCL at this valuation? I almost bought AMR at .37 last friday (put the order through but it didn't fill) and I still regret not getting in it (especially as it soared to 1.17) and after a 22% decline in a day it may be a tempting option...

Why would you buy stock at this point when it will be extinguished during their bankruptcy?

AMR will get to re-issue stock after the bankruptcy and all current holders will own nothing.

mjarosz 12-08-2011 08:33 PM


Originally Posted by DeltaPaySoon (Post 1098900)
Why would you buy stock at this point when it will be extinguished during their bankruptcy?

AMR will get to re-issue stock after the bankruptcy and all current holders will own nothing.

Volatility. Right now there are rapid swings in the stock price. The stock is cheap to buy, so you can pick up a lot of it at once. If it goes up, then dump it all and profit. I made a few bucks literally overnight just the other day. People are buying for easy money, not an investment.

DeltaPaySoon 12-08-2011 08:39 PM


Originally Posted by mjarosz (Post 1098903)
Volatility. Right now there are rapid swings in the stock price. The stock is cheap to buy, so you can pick up a lot of it at once. If it goes up, then dump it all and profit. I made a few bucks literally overnight just the other day. People are buying for easy money, not an investment.

I understand the concept but if you're trading for peanuts, in order to make it worth while you have to be willing to risk quite a bit on a volatile stock.

mjarosz 12-08-2011 08:42 PM

True, but the bigger the risk, the bigger the reward...

PinnacleFO 12-09-2011 02:05 AM

Maybe they will transfer some of our planes to go jet, it's the thing to do lately

XJT Pilot 12-09-2011 02:49 AM

If you guys agree to a pay cut...well let me just be nice and say, I don't wanna talk to you no more, you empty headed animal food trough wiper! I fart in your general direction! You mother was a hamster and your father smelt of elderberries!


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