Jet blue wants us now
05-18-2022 | 11:52 AM
#591
Line Holder
Joined: May 2015
Posts: 490
Likes: 41
Either way I think it puts paid to F9 buying NK any time soon.
If even half of what JetBlue has put out is true, they are going to trigger a stockholder class action lawsuit alleging the BOD has failed in their due diligence and is enriching themselves at stockholder expense through a sweetheart deal with board members. That will almost require that a restraining order be put on the buyout until the case is settled.
If JetBlue can’t back up their allegations, they can be countersued.
My guess?
Either
1. The NK BOD finds some fig leaf to hide their embarrassment (like the $3 a share differential) and reverses themselves and goes with B6
2. F9 SUBSTANTIALLY upgrades their offer.
If even half of what JetBlue has put out is true, they are going to trigger a stockholder class action lawsuit alleging the BOD has failed in their due diligence and is enriching themselves at stockholder expense through a sweetheart deal with board members. That will almost require that a restraining order be put on the buyout until the case is settled.
If JetBlue can’t back up their allegations, they can be countersued.
My guess?
Either
1. The NK BOD finds some fig leaf to hide their embarrassment (like the $3 a share differential) and reverses themselves and goes with B6
2. F9 SUBSTANTIALLY upgrades their offer.
05-18-2022 | 11:56 AM
#592
Perennial Reserve
Joined: Jan 2018
Posts: 14,253
Likes: 257
The option to reverse their vote and decide maybe the JetBlue proposal IS a superior option is MOST DEFINITELY in the BOD’s hands right up until the vote itself.
05-18-2022 | 11:56 AM
#593
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
05-18-2022 | 12:00 PM
#594
Line Holder
Joined: Dec 2021
Posts: 47
Likes: 0
THIS IS ABSOLUTELY UNTRUE…. JETBLUE PILOTS CAN DROP THEIR ENTIRE SCHEDULE DOWN TO ZERO VIA THE TRADE BOARD. I keep hearing all of this garbage info that isn’t true. If you have questions, ask someone employed at jetblue about our contract instead of your internal message board. I blocked 160 hrs last year and made more money than a NK pilot in the same range as me. I spent less than 20 nights on the road.
05-18-2022 | 12:04 PM
#595
That/It/Thang
Joined: Aug 2020
Posts: 3,502
Likes: 368
"The Spirit board of directors unanimously recommends that the Spirit stockholders vote “FOR” the merger proposal, “FOR” the compensation proposal and “FOR” the adjournment proposal, if necessary or appropriate, including to solicit additional votes for approval of the merger proposal."
If you think for a second the Spirit BOD is still in play, you're wrong. The entire 14A is the NK BODs statement on why people should vote for the merger.
05-18-2022 | 12:05 PM
#596
Line Holder
Joined: May 2015
Posts: 490
Likes: 41
good.? they vote no without shareholder input then no good ? Lawsuits ensue.? How about a proxy vote by shareholders and let them decide ? Oh wait… that’s what’s happening ..
05-18-2022 | 12:07 PM
#597
Line Holder
Joined: Dec 2021
Posts: 73
Likes: 0
Dumping every trip on my schedule into open time is much different than having to find someone to pick it up. Both groups have some good and bad in their CBA’s.
I’m just shocked at lol “pilots” are voting because they own stock. Most are armchair quarterbacks, lawyers, economic/retirement gurus amongst other professions. Now we airline merger experts. Jesus help us. How bout the proxy requirement require a explanation of why you voted as such. Dumba$$ reasons get thrown out. Kinda like the guys that ask about beards in a town hall. We are all f’d.
I’m just shocked at lol “pilots” are voting because they own stock. Most are armchair quarterbacks, lawyers, economic/retirement gurus amongst other professions. Now we airline merger experts. Jesus help us. How bout the proxy requirement require a explanation of why you voted as such. Dumba$$ reasons get thrown out. Kinda like the guys that ask about beards in a town hall. We are all f’d.
Exactly what im thinking... If any Spirit pilots that live in FL vote down F9 merger so they can cashout there 2,000 shares of Spirit stock at $33. Enjoy your commute to JFK/BOS to sit reserve as a junior CA when you could have just upgraded in FLL in a much quicker time with 500 airbuses on the way with F9. I wonder sometimes about people. But heyy, i made $5000 on my stock yay!! but I love my crashpad in JFK with 7 other dudes farting all night long while i try to sleep for my 5am show. Silly people!! LOL
05-18-2022 | 12:07 PM
#598
Perennial Reserve
Joined: Jan 2018
Posts: 14,253
Likes: 257
Except for the part that every shareholder was sent a 14A today where in bold letters it says
"The Spirit board of directors unanimously recommends that the Spirit stockholders vote “FOR” the merger proposal, “FOR” the compensation proposal and “FOR” the adjournment proposal, if necessary or appropriate, including to solicit additional votes for approval of the merger proposal."
If you think for a second the Spirit BOD is still in play, you're wrong. The entire 14A is the NK BODs statement on why people should vote for the merger.
"The Spirit board of directors unanimously recommends that the Spirit stockholders vote “FOR” the merger proposal, “FOR” the compensation proposal and “FOR” the adjournment proposal, if necessary or appropriate, including to solicit additional votes for approval of the merger proposal."
If you think for a second the Spirit BOD is still in play, you're wrong. The entire 14A is the NK BODs statement on why people should vote for the merger.
It ain’t over until it’s over
05-18-2022 | 12:08 PM
#599
Perennial Reserve
Joined: Jan 2018
Posts: 14,253
Likes: 257
So the only way you support the BOD is if they vote yea to JetBlue? So if they turn around and vote yea without shareholder input then all
good.? they vote no without shareholder input then no good ? Lawsuits ensue.? How about a proxy vote by shareholders and let them decide ? Oh wait… that’s what’s happening ..
good.? they vote no without shareholder input then no good ? Lawsuits ensue.? How about a proxy vote by shareholders and let them decide ? Oh wait… that’s what’s happening ..
05-18-2022 | 12:10 PM
#600
That/It/Thang
Joined: Aug 2020
Posts: 3,502
Likes: 368
Possibility exists for almost anything to happen, doesnt mean you need to take up that stance just for arguments sake.
Thread
Thread Starter
Forum
Replies
Last Post
