Republic, another AMR or a jive turkey
#11
Line Holder
Joined APC: Nov 2015
Posts: 34
Let me clarify, The "AD HOC committee of shareholders of Republic Airways" who currently have a lawsuit against the Delta Agreement and a lawsuit against the United Agreement and will file a lawsuit against the American Airlines Agreement.
#12
Gets Weekends Off
Joined APC: Nov 2014
Posts: 304
From the latest 8-k filing...
For those of you looking to gamble your hard earned cash on this, you'll likely end up with nothing.
It does sound like a BK exit plan is coming in September, so thats nice for the RJET folks.
The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Company cannot predict what the ultimate value of any of its securities may be and it remains too early to determine whether holders of any such securities will receive any distribution in the Debtors’ reorganization. In particular, in most cases under Chapter 11 of the Bankruptcy Code, holders of equity securities receive little or no recovery of value from their investment.
It does sound like a BK exit plan is coming in September, so thats nice for the RJET folks.
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