PinnaColaba Bankruptcy soon

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12-08-2011 | 06:57 PM

#101

PinnacleFO

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From: CRJ Captain

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?

12-08-2011 | 07:07 PM

#102

FlyJSH

Day puke

Joined: Feb 2006

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From: Out.

Quote:

Originally Posted by 80ktsClamp

Exactly. Scope scope scope.

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

Quote:

Originally Posted by Skypilotsv1984

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.

12-08-2011 | 07:08 PM

#103

FlyJSH

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From: Out.

Quote:

Originally Posted by PinnacleFO

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.

12-08-2011 | 07:10 PM

#104

80ktsClamp

Da Hudge

Joined: Oct 2006

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From: Poodle Whisperer

Quote:

Originally Posted by FlyJSH

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.

12-08-2011 | 08:27 PM

#105

DeltaPaySoon

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From: Stage Left

Quote:

Originally Posted by Av8tion

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.

12-08-2011 | 08:33 PM

#106

mjarosz

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From: DHC-8 100/300 CA

Quote:

Originally Posted by DeltaPaySoon

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.

12-08-2011 | 08:39 PM

#107

DeltaPaySoon

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From: Stage Left

Quote:

Originally Posted by mjarosz

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.

12-08-2011 | 08:42 PM

#108

mjarosz

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From: DHC-8 100/300 CA

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

12-09-2011 | 02:05 AM

#109

PinnacleFO

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From: CRJ Captain

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

12-09-2011 | 02:49 AM

#110

XJT Pilot

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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!