I don’t have it all figured out nor have I made such a claim. I’m also not running around thinking about this and making emotional arguments and appeals to authority. Btw, I caught that you had to edit to get a couple of zingers in. Very mature.

The naďveté to assume that any large business transaction is completely on the up and up is GMAFB territory. You probably think that accepting a merger proposition without soliciting any other offers, turning down a vastly superior unsolicited offer on the front end and not using that offer to seek a better one from the original suitor constitutes the BOD doing it’s fiduciary responsibilities.

 

This is the narrative Ted Christie is spinning. Let's see how it plays out. Seems like there are some shady tactics going on with both sides.

 

BS, I didn’t edit any “Zingers”. Have a Mod look at my edit history……

 

vastly superior offer is subjective. From where I sit it’s not. Capping my share price at $30 which could take many months to years to actually receive doesn’t sound too sexy to me. If your cost basis is say $28 then waiting around to receive $2.00 premium doesn’t sound so exciting. Based on a hypothetical 1000 shares, at todays prices a $30 price is only an $8,000 premium. ULCC only needs to be in the $15-$16 range to make this an even offer. That’s hardly enough for me to be pro B6 with the disruption to personal QOL. And how do we know our BOD hasn’t asked F9 to sweeten the pot? Notice who’s been absolutely silent. Indigo. If this proxy vote is a no, then perhaps indigo has some spare change waiting in the wings to sweeten the pot and put it up for a vote agin? Indigo is many things if not shrewd. Their silence is almost telling. Letting the carnival barkers over at B6 making all this noise could be playing right into Franke’s hands. We go straight up F9 he gets it at the original price. We say no, perhaps they up it. Sitting idly by and letting their dream deal go down without a fight seems implausible to me.

 

Purchase price of a share of stock has nothing to do with when you should sell. You don’t sell a stock based on its value when you bought it, you sell it based on its current and future value. A 50-100% premium to today’s price is a “good” deal (otherwise the price of the stock would inherently be higher). If you want to make an argument that you think ULCC/SAVE are severely undervalued at their current share prices and SAVE will be higher than $30 (or equivalent if F9 merger happens) 1-2 years from now, that’s a valid argument, but basing a vote on an expected 50-100% ROI in 12-24 months is a bit aggressive, especially with the headwinds this industry/economy is facing.

 

Uh huh. That’s why your original post ended at “seeing how this all plays out” and when I quoted it to reply there were suddenly some jabs added at the end. Bad enough to be a jerk. Go ahead and own it.

 

I completely disagree. Imagine both of our surprises?! When you sell a stock is an individual and personal decision. Me, personally am not selling a stock at $30 I bought for $28. I buy stocks to invest in a company that i Believe will
Climb much higher and therefore make me Money. If that’s $1000 profit or $10,000 profit that’s up to the individual investor. You May think that $8000 is a ‘good deal.’ And perhaps it is . For you. But what do you have to give up personally by going the way of B6 to Harvest that profit? $8000 is 1/2 month or less for most captains. Simply not rich enough for me. I’ll gladly take the risk in owning more shares of ULCC and see where that gets me in 5 years time. I’m a buy and hold type of investor. I stipulate not everyone is. Throw in the $30 isn’t an instant payout then Definitely count me out. And if there’s so many headwinds ahead then why is B6 offering such a ‘premium’ and basically over paying for Nk?

 

lol you mean the part about calling you an “SEC Investigator” 😂😂. Not sure that qualifies as a “Zinger”. Anyway, here we all are going back and forth over something we unfortunately have zero control over, kinda pointless……. Inshallah

 

Dont forget monkeypox.

 

agreed. And I don’t like our mismanaged management