Originally Posted by
Baa_Baa
What some people seem to be missing is that AIR have failed before now, spectacularly failed which wiped out their retail investors.
AIR relies in these circumstances on their creditors. Their creditor of last resort is the government. The government won’t let the national airline fail but they don’t care about retail investors.
This is a race to the bottom, when all else fails and the government converts their debt investment to equity at eye watering multiples, wiping out retail holders.
History might not repeat exactly, but it does rhyme and precedent is in favour of a poor outcome for retail investors, except those who buy at $0.21 like last time.
A very dangerous share and company right now for small investors, better maybe to cash out and wait for the buy in for the next cycle.
History is your friend, ignore it with this cyclical at your peril,