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Msg ID: 2575468 PHI +1/-0     
Author:Big Al
6/6/2019 7:55:17 PM

Word is Big Al put in his 2 week notice today 



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Msg ID: 2575470 PHI +1/-1     
Author:Not surprised
6/6/2019 8:02:54 PM

Reply to: 2575468

Not surprised considering the loan sharks in the banks own PHI anyway and the stock is worth only pennies



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Msg ID: 2575484 PHI +7/-1     
Author:Strategery
6/6/2019 9:16:18 PM

Reply to: 2575470

Was this part of that strategy they were telling us about? Big Al stepping back, debtors taking ownership, and selling us to the highest bidder? Or am I missing something again and everythings going to be fine? 

Think I might polish that resume just in case 🤔



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Msg ID: 2575488 PHI +1/-0     
Author:not 2 weeks
6/6/2019 9:57:36 PM

Reply to: 2575468

2 months!



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Msg ID: 2575489 PHI +1/-3     
Author:Yeah
6/6/2019 9:58:08 PM

Reply to: 2575468

his buyout package is tree fiddy million.



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Msg ID: 2575502 He Gone +3/-0     
Author:Judge Judy
6/6/2019 10:48:24 PM

Reply to: 2575499

Read the court Doc’s he got

kicked the **** out WOW



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Msg ID: 2575509 He Gone +1/-0     
Author:What court docs. ??? Wow us
6/6/2019 11:40:30 PM

Reply to: 2575502

Please with your lack of info



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Msg ID: 2575517 He Gone +2/-0     
Author:Paid him $132.5 mil to retire
6/7/2019 3:04:29 AM

Reply to: 2575509

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-06-05/phi-nearing-deal-with-creditors-lawyers-tell-bankruptcy-judge



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Msg ID: 2575520 Not really. He got booted out with nothing +12/-0     
Author:Do the math.
6/7/2019 6:16:41 AM

Reply to: 2575517

He owned 72% of the company stock Pre filing. PHI was always a private company masquerading as a public one. Big Al ran the show with no checks and balances. At many points in the past the company was worth as much as 750 million. He also turned down many offers to to sell out Over the years. Shortly before the filing he borrowed 75 million and put 130 million of his own money into the company in an effort to hold on. His relationship with his creditors was contentious at best. At one point he was offered two seats on the board, a piece of the company and a presence in the new org going forward. He refused. He was given his 130 million back and shown the door. Net effect is he walked out with a net of zero. Stubborn is as stubborn does. All public info. Read, learn, post less BS.



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Msg ID: 2575578 you are not making sense in your business +2/-0     
Author:synopsis
6/7/2019 4:10:41 PM

Reply to: 2575520

You say he owned 72% and refused to sell.   So, how was he "shown the door" if he owned the majority?  And, if he put in $130-million of his own money, then it tells you he was more committed to the company than any outside investor could ever possibly be (just ask Frank Borman about Frank Lorenzo)



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Msg ID: 2575675 When you declare BK +1/-0     
Author:Anonymous
6/8/2019 2:36:03 AM

Reply to: 2575578

You don't get to call the shots any more. The Judge decides. Thanks for playing.



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Msg ID: 2575691 c'ept, the judge doesn't change ownership (can't) (NT) +1/-0     
Author:judge ensures creditors aren't neglected
6/8/2019 9:31:36 AM

Reply to: 2575675


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Msg ID: 2575525 PHI +6/-4     
Author:remember he saved the company
6/7/2019 7:29:13 AM

Reply to: 2575468

20 years ago,

yellow and black is a little black and blue right now from the beatings, but will be just fine!



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Msg ID: 2575529 Ha. +1/-2     
Author:for those...
6/7/2019 8:20:45 AM

Reply to: 2575468
not in the know dont be surprised if the company ownership stays under the same "flag." The key here is " who" are the unsecured creditors? Plus PHI didn't get this far since 2000 because the head shed was lacking in business skills. Its been known for years the owner has been looking to leave since the 76 accident. As the rotor turns....


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Msg ID: 2575576 Ha. +4/-0     
Author:For Sale
6/7/2019 3:58:38 PM

Reply to: 2575529

This looks like a big For Sale Sign by the creditors, they will sell this in a heart beat after the bankruptsy is complete to get their money back, may the new potential owners start lining up.



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Msg ID: 2575587 So... +1/-0     
Author:who are...
6/7/2019 4:59:13 PM

Reply to: 2575576

these creditors?



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Msg ID: 2575603 So... +2/-1     
Author:Seen
6/7/2019 6:21:42 PM

Reply to: 2575587

The ones with the big For Sale sign that will be on the PHI property soon.



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Msg ID: 2575606 So... +3/-0     
Author:For sale
6/7/2019 6:24:09 PM

Reply to: 2575603

 I worked for PHI for over 25 years I’ve never seen it like this through the good and the bad it was never this bad I feel sorry for people currently employed with this company I would be brushing up my resume if I were them 



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Msg ID: 2575613 You people... +2/-1     
Author:still don't...
6/7/2019 6:53:32 PM

Reply to: 2575468
get it. A lot has to happen before there are new owners, if any. As I've inquired above who are the unsecured creditors? You seem to have a lot of hype but no pertinent facts. You wouldn't happen to be that non-voting share holder who cried to the SEC to sell the AMG side side so you could get your "three-fiddy" back? You'll look more the a** by calling out the for sale signs.


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Msg ID: 2575713 Read the filings +2/-1     
Author:New owners are here
6/8/2019 12:07:29 PM

Reply to: 2575613

unsecureds bought it. Former CEO is out for good. Again read the filings, he was shown the door hard. Walked away with nothing, zero, zip, nada, not a single penny for a single share in the company, because there are no old shares in the company, all flushed with the stroke of a pen. Up to the new owners how many or if any shares will be issued at all. And who will get them.



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Msg ID: 2575777 be careful.... +2/-1     
Author:what you wish for...
6/8/2019 7:16:54 PM

Reply to: 2575713
Big A didn't leave empty handed and the original management team was left intact. And the compant has not been dissolved in these proceedings. So what's your point again? Don't be surprised if the new PHI doesn't gobble up a few other operators in there near future.


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Msg ID: 2575869 be careful.... +5/-1     
Author:Frazier
6/9/2019 12:00:59 PM

Reply to: 2575777

Gobble up who.....they can’t pay their own bills much less buy somebody.....quit drinking the PHI coolaid ya big dummy



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Msg ID: 2575882 be careful.... +1/-0     
Author:Companies don't buy other
6/9/2019 1:22:46 PM

Reply to: 2575869

companies with their own money.



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Msg ID: 2575915 Bristow... (NT) +1/-0     
Author:...!
6/9/2019 6:34:57 PM

Reply to: 2575869


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Msg ID: 2575916 How do you... +1/-0     
Author:think Bristow...
6/9/2019 6:41:47 PM

Reply to: 2575915
got bought by Air/ Offshore Logistics back in the 80s? Air Dog fresh out of Ch11 turned around and bought the big pinwheel and changed their name. Wouldn't it be grand to have PHI do the same and change the pinwheel to yellow and black! Papa Suggs would flip in his grave as Alan Bristow would scream bloody murder. Ad for those who weren't around, Suggs and Bristow had a "friendly" rivelary over civil helicopter world domination a few decades ago. As I said becareful what you wish for. Perhaps you need a shot of coolaid yourself!!!☺


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Msg ID: 2575959 You may be on to  +1/-0     
Author:Something here
6/10/2019 6:55:52 AM

Reply to: 2575916

only it will be the other way around, 180 out



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Msg ID: 2576724 How do you... +1/-0     
Author:Timeline is off
6/13/2019 7:05:05 PM

Reply to: 2575916
Olog filed bankruptcy in the mid '80s. Olog and a bank bought Bristow in the mid '90s. The two companies were not merged until roughly ten years later under the Bristow name due to a pesky problem with the SEC. Official reason was that Bristow had a better name recognition.


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