[/quote]Bickering aside, does anyone know if this company was part of the deal:
Air Transport Group Holdings
Richardson is listed as President under management.
I can't seem to find anyone who knows just who bought Pace.[/quote]
I'm not sure if ATG is a backer or not. If you look at their SEC filings, Richardson left the group around January or so, and they listed a new president. Richardson showed up at Pace with a guy named Bill Rogers. Rogers was a pilot, then a DO at a commuter in AK (Southcentral, I think). Then some how made the jump into software and designed the coding system for Fedex packages. Other than that I have no idea what previous airline experience (management wise) he brings to the table.
Bickering back on the table, I'm not sure if they (previous management)were putting money aside for themselves or not, but the rumblings have been going through the company for a while. There was mention somewhere that we were profitable last year, but some how still showed a loss on the books. I think this all came up because someone got wind that the books were off, and the rumor mill went to full steam. We'll find out in a few weeks I'm sure.