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Here is what you can do.

$Spirit Airlines (SAVEQ.US)$ write to the judge to this address:
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.
you can refer to this page Epiq 11.
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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CFA, FRM, P-Quant。然而自己投资并不量化…个人投资观点,不代表供职的银行或客户(反正我看不到)。不提供投资建议。
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