Republic after the contract

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01-15-2016 | 12:17 PM

#241

SandyDobbs1

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Joined: Nov 2015

Posts: 34

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Quote:

Originally Posted by Skyvector

The Vice President of Republic dumping all his stock last week may or may not mean anything. It certainly can't be a good thing.

The VP sold 6,000 shares of 26,000. A lot of lying and misinformation is being posted. last time I looked BK was influenced by profits or lack there of. Not the price of the stock !!!
If some here are intent on seeing this company file BK. wait for several Quarters of REALLY BAD numbers. And you MAY have your wish

01-15-2016 | 02:20 PM

#242

flapshalfspeed

Gets Weekends Off

Joined: Dec 2010

Posts: 977

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Quote:

Originally Posted by fastback

If you think the company won't go bankrupt, then you might get the deal of a lifetime. Be real careful here though. I think Republic brought in the same consultant that Mesaba used to declare (a sham) bankruptcy right after signing a great contract for its pilots. Can anyone confirm or elaborate?

Yes Seabury Group, Barclays Capital, Delta, and Davis-Polk engineered the post-contract sham bankruptcy of the merged Pinnacle/Mesaba/Colgan Corp.

They essentially paid out 66% of cash reserves to the CEO and VP, then gradually started booking costs for things like the new contract, Q400 losses, contested training reimbursement from Delta, etc..

Basically, Delta sold Mesaba to Pinnacle, ran us into a sham BK, used the cash to payoff execs and Colgan victims, then DAL bought us back outta BK for pennies on the dollar--and now that company is called Endeavor.

Basically a leveraged buyout...aka legal money laundering/theft.

01-15-2016 | 04:01 PM

#243

fastback

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Joined: Jan 2012

Posts: 212

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Thanks flapshalf, that all sounds familiar. When a company WANTS to declare bk, it can happen quickly.

Sandy, I don't want to see Republic go bk, but if a pilot on here thinks that he can buy the stock and have his investment survive a bankruptcy then I'm going to educate him.

01-15-2016 | 05:19 PM

#244

TurbineTime

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Joined: Dec 2007

Posts: 273

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From: Emb 170/175 FO

In other news... It would appear that we have finally gotten our extended overwater exemption and will be doing flying into Mexico and........ Costa Rica. Interesting development.

01-15-2016 | 05:22 PM

#245

Taylor814ce

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Joined: Apr 2015

Posts: 196

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Quote:

Originally Posted by TurbineTime

In other news... It would appear that we have finally gotten our extended overwater exemption and will be doing flying into Mexico and........ Costa Rica. Interesting development.

Are those over nights fun?

01-15-2016 | 05:30 PM

#246

cf105

Gets Weekends Off

Joined: Nov 2013

Posts: 323

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From: Piloto

Quote:

Originally Posted by SandyDobbs1

Finally someone who seem to understand how company works. It is mind boggling to see people with the education level of pilots posting endlessly about BK based on stock price...

01-15-2016 | 05:46 PM

#247

KC135

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Joined: Jun 2015

Posts: 699

Likes: 14

From: A-320

Quote:

Originally Posted by SandyDobbs1

That VP you speak of is the Chief Accounting Officer and that is never a good sign selling 23% of position few weeks before earnings. I might have to dump my shares also but waiting for an up day.