Jet blue wants us now
06-30-2022 | 09:17 AM
#1853
Gets Weekends Off
Joined: Feb 2022
Posts: 385
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From: A320CA
Back to topic DH’s ( Decision Heights.)
06-30-2022 | 09:19 AM
#1854
Gets Weekends Off
Joined: Apr 2019
Posts: 159
Likes: 0
From: Yes
Seems obvious that frontier doesn't have the cash to compete with the B6 offer. Half of their last raise was financed by a loan from F9 to NK, which would then become debt. Ridiculous.
B6 have the NK BOD cornered.
B6 have the NK BOD cornered.
06-30-2022 | 09:36 AM
#1857
Line Holder
Joined: Jan 2015
Posts: 467
Likes: 70
Right, but that loan from B6 is being a paid in cash to NK shareholders. F9’s loan will become NK shareholders loan as well when they receive their 1.9 shares of stock as payment. The extra debt in theory will make the new stock shares less valuable. F9 just reshuffled the same amount of money. More cash value, less stock value, same total value. That’s my take at least.
06-30-2022 | 09:42 AM
#1858
Gets Weekends Off
Joined: Jan 2018
Posts: 2,839
Likes: 278
Right, but that loan from B6 is being a paid in cash to NK shareholders. F9’s loan will become NK shareholders loan as well when they receive their 1.9 shares of stock as payment. The extra debt in theory will make the new stock shares less valuable. F9 just reshuffled the same amount of money. More cash value, less stock value, same total value.
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