Spirit Airlines Inc (CE) (SAVEQ) Options

What an idiot

I believe this will break out to a $1.00 plus

OTC Markets says that they have a market cap of about $21 million.

As of 30 Jun, they had $725 million in cash. They also have about $8+ BILLION worth in assets.

Seems a just a tad oversold to me.... LOL

Court filings can be found here:

https://dm.epiq11.com/case/spiritgoforward/dockets

Sound off - "buy" or "no buy" at $0.15?

SAVEQ isn't Spirit AeroSystems. 

SAVEQ = Spirit Airlines 
SPR = Spirit AeroSystems Holding

Two completely different companies. 

Both American Airlines (AAMRQ) and Spirit AeroSystems (SAVEQ) have faced major challenges that led them to file for bankruptcy, but the process is not the end of the road. While American Airlines successfully emerged through restructuring and a merger, Spirit AeroSystems also has a chance at recovery if it can restructure effectively, reduce debt, and stabilize its operations in the aerospace industry. The key similarity lies in their ability to use Chapter 11 bankruptcy as a tool to restructure debt and operations, but the specifics of their recoveries depend on their industry conditions, management decisions, and strategic directions post-bankruptcy.

$SAVEQ ~ This stock is not eligible for proprietary broker-dealer quotations. Sent to the expert market #RIP

https://www.otcmarkets.com/stock/SAVEQ/overview

Company states: "As a result of the chapter 11 filing, Spirit expects to be delisted from the New York Stock Exchange in the near term. The Company expects that its common stock will continue to trade in the over-the-counter marketplace through the chapter 11 process. The shares?are expected to be cancelled and have no value as part of Spirit's restructuring. "

NEXT PLAY COMING !!!!

Moved form .25 to .40......limit sell for 1.00 in case it rises

NYSE delists Spirit Airlines $SAVE

Trading in the Company’s common stock will be suspended immediately.

https://www.businesswire.com/news/home/20241118676433/en/NYSE-to-Commence-Delisting-Proceedings-Against-Spirit-Airlines-Inc.-SAVE

https://www.fxstreet.com/news/spirit-airlines-files-for-bankruptcy-to-delist-from-nyse-202411190511

SAVE changed to SAVEQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

Important to note they look like they already have a restructuring plan in place, that like most 11s, will wipe out current shares worthless. Having that in place already might hinder a dead cat. Although, it looks like short interests at about 34% looking to square, could alone pop it nicely if you can catch a nice entry on the drop.

Spirit stock shares will be canceled and have no value as part of the airline's restructuring, Spirit said in the release, following its delisting from the New York Stock Exchange "in the near term."

https://www.foxbusiness.com/markets/spirit-airlines-files-chapter-11-bankruptcy-protection

This halted until it gets Q'd up on the OTCC? Is there any set date for trading to resume on the OTCC? Or estimate..?

This set up feels like a multi bagger about to happen on a drop n pop, when trading resumes, before it fades away into the abyss.

Vultures circling.

There's always room for a dead cat bounce, too many shares short right now. It's gonna be a blood bath when it starts trading. 

Thank you, will the shares likely go up in the far future, if they indeed get back on their feet?

It'll be delisted from NYSE and a new symbol will be given and it will continue to trade on OTCBB until the completion on the bankruptcy hearings which will take a while. 

Did they change the symbol?

Don't know enough about the market to know if it's even legal: The shares are expected to be canceled and hold no value as part of the restructuring.
Like, no future at all.....just doneso.

The Fat Lady is singing

Halted .. #BK $SAVE

Giddy Up

They very well could go BK .. I find the pre BK plays are very good for a flip.

I thought they were going BK?

Back in at $1.20 $SAVE

OUUUUUUCH !😒

What happened???

A few little bullets never hurt anyone



Ec

More like 0.40

Nice momo on SAVE whoever bought under 3

SAVE......................https://stockcharts.com/h-sc/ui?s=SAVE&p=W&b=5&g=0&id=p86431144783

SAVE BREAKING TO 4 BUCKS ON THIS MOVE

my broker let me not buy an pink

I messaged about the other ticker in your inbox, that one has at bare minimum 8-10 cents, you don't get in, you will be kicking yourself.

SAVE no deal with JET BLUE
for jan 2025 -
330 pilots on leave and denote 120 captains

You need to see if LB will chill on the tweets then. Lol.

Yes this one will run again for sure, needs some news, I just had to sell to average down on another ticker that got bamboozled on SMC*I.

I’m following still. Still has room to rebound here. Was thinking 2.40 was where things got squirrelly.
Will keep a eye on it today

The momentum is gone bud. Sold this morning.

Very close to losing the bullish look. 30min is reset and getting oversold but no signs of a reaction to it.

Lost its momentum, if you believe they will can be stand alone company, you hold, if not better part away. High risk, high reward. There is slight chance they will get a buy out and that is big if.

what is going on with SAVE ??? short of share selling ???

SAVE will continue to go up everyday with a few sideways, but it looks like we will see 6-7 dollars late November. Hold with an iron grip.

It looks like SPIRIT is going to be standalone company for now, still aiming for the teens mid term. Up on until this that article below, I surely didn't think a squeeze will happen, but since they are going to be standalone company, I now think we will get a squeeze at some point. SAVE can come from behind and surprise everyone.

https://apex.aero/articles/spirit-apex-expo/

https://www.nbc4i.com/news/local-news/columbus/spirit-airlines-adding-flights-to-2-new-cities-from-columbus/

$SAVE

It will get there again. Just needs patience, few months. There is no reason why this should not be a 2-3 billion market cap in 6-9 months.

That’s four years ago!
Wow 70. Must have made millionaires.
SAVE

I love Lithium plays, this one should go to all time high, give it a couple of months,

I know you like those Lithium plays…tomorrow I’ll get to it too!!
SAVE

I am out of SAG. Needed to load on ATLX.