Honorable Judge Sean H. Lane United States Bankruptcy Court 300 Quarropas Street White Plains, NY 10601-4140
Mention this in you subject/ title: Spirit Airlines Chapter 11 Bankruptcy (Case No. 24-11988 )
Points to consider: 1) illgal agreement without shareholders approval. Most states disallow that. 2) unfair price and management get big money. 3) fraud from management’s communication. 4) It would set bad example shits can use UK law to wipe out US company.
File complaint to SEC, FTC as well. Though FTC is too shamefule.
For trading, there’s a rule 15c2-11 that disallow broker to help you trade until they did basic due diligence. So you need to check with you broker. Some do not let you expand position but you can sell/cover. Some allows but need to wait some time. Some just allow. Some requires ordering on phone.
I have other bankrupted shit Big Lots that judge issued order cannot trade. But I can place order normally… I’ll try again with SAVEQ next week.
Bottomline. The debtor taking over cannot be undone. The AMR was a special case, after fight, shareholders got 3.5% but still suffered a lot. Only institute who bought at bankruptcy price make money. Only thing you want from the court is money, money and money!
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RmacFL : sending it tomorrow morning
70040560 : where are you guys finding a broker to trade this?
Fidelity no
IBKR no
e*Trade no
WeBull no
Robin hood no
Public no
RmacFL : I have the shares but have not attempted to buy more or sell existing
MannyTrade : I'm trying to buy but it seems I'm not able to...what am I doing wrong
QMengColdJoke OP 70040560 : schwab today just allows.
topcing : tell judge he high on crack