ExpressJet Announces Reverse Stock Split - Page 3

JhAZ · 09-06-2008, 08:27 PM

Answer this for me....

If we are about to do this then why did Kelly P on the BOD just buy 56k in shares out of his own money. This is not through a direct buy program from the company. According to the SEC filing Kelly bought these shares on the 29th of Aug.

Now why in the world would a BOD do this with a pending reverse split??? Makes no sense at all.

Maybe something else is going on, something bigger, some better.... who knows.

Boondocker · 09-06-2008, 08:31 PM

Quote:

Originally Posted by JhAZ

Now why in the world would a BOD do this with a pending reverse split??? Makes no sense at all.

Because anyone that owns stock before the reverse stock split will still have the same amount in cash as they did before the reverse split.

JhAZ · 09-06-2008, 08:39 PM

Quote:

Originally Posted by Boondocker

Because anyone that owns stock before the reverse stock split will still have the same amount in cash as they did before the reverse split.

Yes your are correct but it just means that the stock has to go up MORE for more of a ROI......

Its better for the stock to go from .20 to .99 for that guy then it is for the stock to go from 2.50 to 3.00.... you have less shares thus less return

captainChet · 09-06-2008, 09:00 PM

Quote:

Originally Posted by philw

more importantly.... is there any way to make money on the stock split and then it going down. if the facts are inevitable, then how can the pilot group make money as well

Sure, just sell SHORT, for the current price after the reverse split. It it goes down, you make money, it it goes up, you lose.

JhAZ · 09-07-2008, 12:11 AM

what needs to happen to get off the naked short sell list? or is the "list" open for every company out there now? Sorry I dont know how this whole thing works......

If we could get away from this we might see a rise in stock, this would keep the Hayman cocck boys from driving our stock lower and making bucks off our ( pilots, employee's ) backs.....

Anyone know how this works? or does it?

HB Pilot · 09-07-2008, 10:42 AM

A reverse stock split of any ratio is not a good sign of a company's viability or financial management. 10:1 reverse stock split is a sign of a company gasping for air. Sorry guys, there's just no way around it.

livingthedream · 09-07-2008, 05:58 PM

Quote:

Originally Posted by HB Pilot

A reverse stock split of any ratio is not a good sign of a company's viability or financial management. 10:1 reverse stock split is a sign of a company gasping for air. Sorry guys, there's just no way around it.

no??? really?

For most of the pilot group, they'll just keep drinking the kool aide....I've heard some real bull **** lately like, (1) Everything is allright (2) The company doesn't want any concessions from the pilots (3) I don't care if there has been furlough letters, no one is getting furloughed (4) We are not losing money

No matter the evidence I present to these said individuals, they won't / don't believe it. Ignorant, retarded, fools, living in a dream world, etc.....How can you argue with press releases and furlough letters....seriously? I thoroughly believe most pilots are very stupid and are out of touch with reality

Oh, and I have some Ocean Front property in Arizona, for those CLE Captains that are interested

FLflyer · 09-07-2008, 08:17 PM

Quote:

Originally Posted by livingthedream

no??? really?

For most of the pilot group, they'll just keep drinking the kool aide....I've heard some real bull **** lately like, (1) Everything is allright (2) The company doesn't want any concessions from the pilots (3) I don't care if there has been furlough letters, no one is getting furloughed (4) We are not losing money
I thoroughly believe most pilots are very stupid and are out of touch with reality

I completely agree with you. So many of the Sr. CA's I fly with just don't get it...the other day I had to listen to this guy try to convince me that CAL is about to buy us, and we're all going to be on one list. This is an 86xxx guy who turned down a job at CAL, by the way. I wanted to rip my friggin ears off. And then there are the guys who think we're making money right now, and the guys who keep telling me that they're so glad they didn't leave for CAL 6 years ago, because we have much better work rules. Earth to Captain, here's a thought...Work rules at XJT won't mean squat if we aren't around to abide by them. It gets really old listening to these 8xxxx CA's giving their "expert" opinion on our "profitable' company.

Nova · 09-07-2008, 11:12 PM

You think it's just the captains? The same can be heard from the right seaters as well.

reset-jet · 09-08-2008, 01:21 AM

Quote:

Originally Posted by FLflyer

I completely agree with you. So many of the Sr. CA's I fly with just don't get it...the other day I had to listen to this guy try to convince me that CAL is about to buy us, and we're all going to be on one list. This is an 86xxx guy who turned down a job at CAL, by the way. I wanted to rip my friggin ears off. And then there are the guys who think we're making money right now, and the guys who keep telling me that they're so glad they didn't leave for CAL 6 years ago, because we have much better work rules. Earth to Captain, here's a thought...Work rules at XJT won't mean squat if we aren't around to abide by them. It gets really old listening to these 8xxxx CA's giving their "expert" opinion on our "profitable' company.

We have some high time people in mx with the same mentallity. They have a strong loyalty to cal. Last time I checked, CAL's the reason why we're in this mess. This company needed to diversify and have other options other than cal. Although we were loosing money with branded and delta, the stock was worth more because xjt was working on making other options/flying for the company's long term future.