Avantair CFO Resigns

[G4dude]

I wonder if Piaggio is thinking about buying it.

 

[Gone Soaring]

The latest rumor is that Santo will be leaving on or around 4/15. If you go to their SEC filings, you will see that Lorne Weil is now the lead director and has a huge position in leases to Avantair, the terms of which favor him and not the Company.

 

[CALRepublic]

I wonder if Piaggio is thinking about buying it.

The Italians are broke my friend. Their economy, political establishment, labor system, pretty much everything is a mess

Piaggio will not be coming to the rescue

 

[jonjuan]

The latest rumor is that Santo will be leaving on or around 4/15. If you go to their SEC filings, you will see that Lorne Weil is now the lead director and has a huge position in leases to Avantair, the terms of which favor him and not the Company.

500,000 shares purchased at .60 and 2,000,000 purchased at .75. Stock currently at .15. Ouch.

 

[crewfoodmonkey]

Maybe he'll put his son Luke in charge.

http://dealbreaker.com/2007/06/born-classy-luke-weil-goes-to-jail-camp/

 

[AftCG182]

*deleted*

 

[Capt. JD]

Maybe he'll put his son Luke in charge.

http://dealbreaker.com/2007/06/born-classy-luke-weil-goes-to-jail-camp/

I flew him back from a bird hunting trip in Old Mexico to Teterboro about 3 years ago with some of his rich friends! They were getting there party on first classy all the way, he should run VNR forsure! With papa's permission of course...

 

[crewfoodmonkey]

So, any truth to the rumors some employees who were expecting a paycheck today were told they might get paid next week?

 

[chief9404]

Check out www.fractrade.com. Look at all the Avantair owners trying to unload.

http://www.fractrade.com/private-jets-for-sale

 

[sshrae]

Wow, not good. I hear pretty much all the FO's are leaving or gone already.