Quote:
Originally Posted by LAXOC
What I've noticed is that a lot of pilots or whoever you are Larry, have lots of inside "reports" when this is supposed to be private company knowledge that shouldn't be public. Maybe you should tell Great Lakes to let their shareholders know what's going on with the company.
I wonder how many employees actually own stock in their own company.
Lakes voluntarily de-listed their stock on the NASDAQ exchange a couple of years ago, saying that there was so little trading in it that it wasn't worth their time to do the required reporting. I believe they still qualify a publicly-held company, but with only a few shareholders.
Companies, like individuals, can make choices about what information they make public and what they keep private. Publicly-held companies are subject to various regulations about what information they
must make public, including audit results and reports required by law, regulation or as a condition of some business arrangement (loans, union agreements, etc). They can then keep any other information private, either because it is proprietary to them (like business plans) or just because they think isn't anyone else's business.
I am neither a pilot (for anyone) nor an employee of Great Lakes Aviation. As a trained journalist, I try to be careful about what is reported as verifiable fact and what is 'informed supposition.' The post above is a combination of somewhat relevant facts (ie: ADI's current fleet), and possible outcomes. There isn't much information being made public about GLA these days, leaving us to guess and make possible assumptions.