0NEWAIR0 From United States of America, joined May 2007, 934 posts, RR: 0
Reply 7, posted (2 years 10 months 1 week 6 days 12 hours ago) and read 1807 times:
Quoting rj777 (Reply 6): This was an attempt to scam a MAJOR company, and the number of comments is in the single digits.
This couldn't have gone anywhere because 1) he didn't have any funds (AMR would have found out long before any paper signing) and 2) he would have raised all sorts of red flags at the SEC if the deal started going through due to his past actions.
All that happened is that he violated the SE Act of 1934 and his actions manipulated the stock price of AMR. He's being prosecuted (...again...). The end.
"The future belongs to those who believe in the beauty of their dreams."
ckfred From United States of America, joined Apr 2001, 5038 posts, RR: 1
Reply 9, posted (2 years 10 months 1 week 6 days 7 hours ago) and read 1439 times:
Quoting wnbob (Reply 4): I mean comeon, nowadays, who wants to buy an airline (other than through acquisitions), air carriers stocks have gone nowhere since the Jetblue IPO, and that was a long time ago.
It's been attributed to various people from Warren Buffet to Sir Richard Branson the quote, "If you want to be a millionaire, start out as a billionaire, then buy an airline."
I did hear Buffet say on CNBC several years ago that whenever he gets the itch to buy an airline, he call "Airline Owners Ananamous." He says, "Hi, my name is Warren, and I want to buy an airline." Then, someone talks him out of it, and he then goes back to rational buying of stocks and companies.