Dont sell to low ballers. Keep it till a solid dollar and earn 1000% profit when thai, singapore airlines operational. International tourism is around the corner awaiting green light.
In short term, its business might not be good. Have to look for a longer period to recover. Price movement won't be good as well as nothing much to look forward at this moment beside some gorengs by operators.
if you are the creditors, does that make sense to you. i cant even sustain my business with those money. lol aa group hv to be liquidated also somehow to pay debts
Haiyo...many customer booked on covid period cannot fly...only address big creditor ah? minor creditor that bought ticket that refund cannot get refund how?get refund through credit account but expired already and company no extend the credit account expiry how? rent Tesla got money, advertising new born daughter in oversea got money, acquisition got money but no money refund to customer...can vote against kuat kuat ah? issue right issue larh and major shareholder have to subscribe it mah...hehe
well, the thing is the priority is the banks and the big creditors, we as customer are always the last. they have to be paid first according to the law
If I am the banker, I will not accept that 0.5% deal. That is like someone owe me 1,000,000 and I only get back 5,000? WTF. I rather see that person goes bankrupt than to accept that rotten deal. Someone dare say profit sharing once AAX makes profit in 3 or 4 years time, like WTF. When has AAX made a profit? When?
Let them drown, because if AAX goes down, so will AA and if I am the banker, that is killing 2 birds with 1 stone. Keep that 0.5%.
Precovid also losing money only, what make them so confidence can bring back the same revenue ?
"AAX also proposed that if it were to garner more than RM300 million in annual earnings before interest, tax, depreciation and amortisation, lease rentals and restructuring costs during its 2023-2026 financial years, all creditors except Airbus would be entitled to 20% of those earnings."
AAX need to be bankrupt..theres no way to revive this blackhole..it will only keep sucking investors and its customer money. 0.5% is an insult to all the creditors.
Tony is too arrogant in dealing with his creditors. he living a good life with his wife and new born baby, keep buying new businesses, enjoying his new Tesla leaving his creditors suffering on theirs own and now come out a 0.5% repayment to insult his creditors.
Everyone who bought AAX ticket or book tour with travel agent are now looking at only getting back 0.5% of what they paid to AAX is furious at TF for living a good life while they suffered.
With 0.5%, AAX is showing middle finger to every single creditor - the suppliers, the lessors, the passengers etc. Not even enough to cover any costs incurred. And profit sharing? Not sure how it works since AAX rarely make profits. With pandemic & travel restrictions rule, it is even more difficult to make profits in the next few years.
Again, that 0.5% - how to trust AAX with your money in the future? 0.5% is almost nil after taking into account the costs.
Wait, if I have credit account now, should I book ticket now for travel before the debt exercise date(mid nov) or still valid for travel after that date?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
YJay88
4 posts
Posted by YJay88 > 2021-10-11 11:37 | Report Abuse
careful