Their bankruptcy says assets $500,000 to $1,000,000, while liabilites are $10,000,000 to $50,000,000. First question what assets do they have? They got none!!!! Other then an escrow account for sold tickets???
Liabilities $10,000,000 to $50,000,000?? WTF!!! That is kind of a wide spread , how are you possibly unsure whether you owe $10,000,000 or maybe I owe $50,000,000!!! Right now ORH can affford to take a chance on another public charther or airline (Vision), unless it is a publicly traded company that we are feel secure with their finances and are willing to buy a ticket.
Does anyone have any doubts that the escrow account will be our of money this week and that there will be millions owed to actual "ticket" holders , not "voucher" and "membership" holders. Dont worry thought we have a $200,000 bond to help the. $200,000!!!!! A bond of this amount was a drop in the bucket...
In the short term, we need Allegiant desperately!
WRRB/Telegram District City Council Forum 10/18
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This forum is for all district council candidates; all candidates are here
today. Format: 14 total questions, 4 questions across districts (for all
candida...
6 months ago
2 comments:
the spread of dollars is standard when filing initial form.
There completed form is here they just checked the corresponing boxes.
http://assets.bizjournals.com/buffalo/pdf/DirectAir_Bankruptcy_Filing.pdf
Anonymous
I stand corrected. I looked at the link that was referenced and there simply is a box that say 10-50 million for liabilities that is checked off as part of the initial filing.
I should actually delete this post since it makes no sense now? But I will leave it up.
Sorry!...
Bill
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