RoNo : Strategically important. Will not be allowed to fail.

RoNo : A whole dollar! Cathie what should invest my moomoo dollar in?

RoNo : How so?

RoNo : The sec filing from spirit clearly states that if spirit is successful with a statutory settlement with bondholders that equity would be wiped out. Probably through dilution. If unsuccessful will explore other options ie ch7 or 11. Equity loses in all scenarios but keep buying I’ve got a few thousand shares I still need to unload

RoNo : I hope you got out on Monday. I left a little house money on table but not as burned as some. Good luck!

RoNo SKYWalkers : Hurts Tesla’s competitors more, that’s how. And the tariffs on Chinese ev’s! Huge! Not to mention the regulatory capture re:  self driving cars. It’s huuuuge! Confeffe!

RoNo : Shareholders are wiped out boys. It’s in the 12b. Ch11 or ch7

RoNo : Can you not read?
Spirit Airlines () announced that it had filed a Form 12b-25 with the SEC that is expected to be available on the SEC’s EDGAR filing system on Wednesday, November 13, prior to the opening of the market session. That form will contain the following disclosure: The company is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30 by the prescribed due date without unreasonable effort or expense. As previously disclosed, the company has been in active and constructive discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026 with respect to restructuring the obligations owed by the company to the Noteholders, as well as exploring strategic alternatives and other ways to improve liquidity for the company. The negotiations, with a supermajority of the Noteholders, have remained productive, have advanced materially and are continuing in the near term, but have also diverted significant management time and internal resources from the company’s processes for reviewing and completing its financial statements and related disclosures. If a definitive agreement with such Noteholders is reached and documented, it would be effectuated through a statutory restructuring that is not expected to impair general unsecured creditors, employees, customers, vendors, suppliers, aircraft lessors or holders of secured aircraft indebtedness, but, if effectuated, is expected to lead to the cancellation of the company’s existing equity. If a definitive agreement with the Noteholders is not reached, the company will consider all alternatives.

RoNo : Dusty what exactly do you read in that 12b that indicates anything other than equity wiped out?

RoNo : Any money losing tech company to that institutes layoffs get rewarded in the market. This is a good move to improve the bottom line. Still a risky bet on a horribly distressed asset but they are improving financial position prior to out of court restructuring and merger with ULCC

RoNo : What do you think of selling  secured Jan15 2027 $1 puts?

RoNo : Yep.

RoNo : I know you’ve been here since the failed merger. I hope you’re ahead and playing this with house money now. It’s still perilous . Good luck! Nov/dec calls are quite tasty!