Saturday, July 22, 2006

Sun Country Deal In Limbo?

We suspected that this item had a more meaningful connection with the equity sale and it appears to be true. Stevens claims to have preemptive rights under his shareholder agreement. The question is whether he actually has the rights or not and if so, will he raise the money. The bottom line, however, is that Sun Country appears to be in line for a relatively small equity infusion, we just do not know from whom it will come.

1 Comments:

At 12:13 PM, Blogger Zort! said...

I hope everything works out for Sun Country! Anybody know what happpened to CQ Air?

 

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