the big question that needs to be answered

[Chuck Schalk]

Can anyone, I mean anyone tell me what the dollar amount we are suppose to get in the equity stake?
 
do not throw stock numbers at me,  tell me what the dollar amount should be?
 
there is a formula they are using correct?
 
Note:  granted the amount may differ a little between the M&R group but just give me a ball park figure based on the formula
 
Overspeed.......you seem to be well versed, please jump in here

 

[screwed again]

Oh boy. Good luck.

 

[Realityck]

Can anyone, I mean anyone tell me what the dollar amount we are suppose to get in the equity stake?
 
do not throw stock numbers at me,  tell me what the dollar amount should be?
 
there is a formula they are using correct?
 
Note:  granted the amount may differ a little between the M&R group but just give me a ball park figure based on the formula
 
Overspeed.......you seem to be well versed, please jump in here

I think you're asking the wrong guy.  Why don't you ask Local 591 President Peterson since he was on the Negotiating Committee, a member of the Equity Committee, and toured the System answering questions about it (unless you just don't want to embarrass him).  

 

[Chuck Schalk]

I think you're asking the wrong guy.  Why don't you ask Local 591 President Peterson since he was on the Negotiating Committee, a member of the Equity Committee, and toured the System answering questions about it (unless you just don't want to embarrass him).  

you don't know?     overspeed silent.......WTF
 
I did ask and the international was asked that question and no response
 
 BTW, I am not the only by far who has asked the same question and no one has the answer,  just one simple question and no answer

 

[DFWFSC]

Chuck, are you asking about the formula used to determine how much you got, or M&E as a whole?

 

[DFWFSC]

Chuck, I just sent you a PM.

 

[1AA]

You have a better chance at asking Peyton Manning what "OMAHA" means. :huh:

 

[swamt]

HAVE YOU GUYS HAD ENOUGH YET???

 

[Realityck]

you don't know?     overspeed silent.......WTF
 
I did ask and the international was asked that question and no response
 
 BTW, I am not the only by far who has asked the same question and no one has the answer,  just one simple question and no answer

 
I don't know either but like you, I wasn't a member of the Negotiating Committee or the Equity committee like Peterson was.  Again, why don't you ask your Local President for the information?  

 

[Bob Owens]

Well first of all the only member of the Negotiating Committee that had anything to do with the equity in negotiations was Don Videtich, those talks took place in secret high level negotiations that the company only admitted to in Bankruptcy Court when they asked to have me removed from the courtroom.
 
Overspeed seems to have Dons ear.  Maybe he can get out of Don what he expected.
 
That said a letter was put out with all the information that's accessible to the Locals, its on the 591 website, and what it says is we really wont know the exact dollar amount we will be getting until after the 120th day.
 
If people want to focus on something that may have some lasting benefit they should focus on the USAIR mechanics negotiations. They should really think long and hard about going on field trips or working OT if that work is going to involve USAIR aircraft and ask themselves if they think the few hours of OT is worth screwing not only the USAIR mechanics but themselves. We should focus on preparing to assist USAIR mechanics by any means necessary.  We need for them to obtain a raise that will bring their rates above Deltas. If you want to know what's in it for you consider that in less than two years the mid term wage adjustment will kick in, if management is still jerking the USAIr guys around each and every one of us loses several dollars and hour, every hour, every week. Each dollar translates to at least $2080 a year.  So if USAIR doesn't get their contract and they bring the average between the three comparator airlines down by $3/hr  we each will lose around $7000 a year. So in addition to essentially being a scab, its costing you a lot more to help the company screw those guys than the company is paying you for that help.

 

[Overspeed]

Can anyone, I mean anyone tell me what the dollar amount we are suppose to get in the equity stake?
 
do not throw stock numbers at me,  tell me what the dollar amount should be?
 
there is a formula they are using correct?
 
Note:  granted the amount may differ a little between the M&R group but just give me a ball park figure based on the formula
 
Overspeed.......you seem to be well versed, please jump in here

 
Chuck I went to one of the equity Q&A's and understand it was a two step process. First was the value was based on the TWU BK claim and then the second part was determining distribution. Gary P was on the equity committee and the appeals committee. The appeals committee has made decisions on distribution so they must have the formulas. 
 
Appeals committee report.
 
http://www.twu.org/Portals/0/Appeals%20Committee%20Report%20Memorandum.pdf

 

[Chuck Schalk]

 
Chuck I went to one of the equity Q&A's and understand it was a two step process. First was the value was based on the TWU BK claim and then the second part was determining distribution. Gary P was on the equity committee and the appeals committee. The appeals committee has made decisions on distribution so they must have the formulas. 
 
Appeals committee report.
 
http://www.twu.org/Portals/0/Appeals%20Committee%20Report%20Memorandum.pdf

I don't need the formula, I need the number in dollars from the equity due to us.....can someone answer a simple a question, apparently NO,  
The shares are not the important issue, the amount of money we are suppose to get is the base line.

 

[AANOTOK]

Well first of all the only member of the Negotiating Committee that had anything to do with the equity in negotiations was Don Videtich, those talks took place in secret high level negotiations that the company only admitted to in Bankruptcy Court when they asked to have me removed from the courtroom.
 
Overspeed seems to have Dons ear.  Maybe he can get out of Don what he expected.
 
That said a letter was put out with all the information that's accessible to the Locals, its on the 591 website, and what it says is we really wont know the exact dollar amount we will be getting until after the 120th day.
 
If people want to focus on something that may have some lasting benefit they should focus on the USAIR mechanics negotiations. They should really think long and hard about going on field trips or working OT if that work is going to involve USAIR aircraft and ask themselves if they think the few hours of OT is worth screwing not only the USAIR mechanics but themselves. We should focus on preparing to assist USAIR mechanics by any means necessary.  We need for them to obtain a raise that will bring their rates above Deltas. If you want to know what's in it for you consider that in less than two years the mid term wage adjustment will kick in, if management is still jerking the USAIr guys around each and every one of us loses several dollars and hour, every hour, every week. Each dollar translates to at least $2080 a year.  So if USAIR doesn't get their contract and they bring the average between the three comparator airlines down by $3/hr  we each will lose around $7000 a year. So in addition to essentially being a scab, its costing you a lot more to help the company screw those guys than the company is paying you for that help.

Nope Bob, I want to know about the "equity"

 

[AANOTOK]

More good news!
 
http://www.twulocal513.org/docs/Equity%20Reserve%20Update%20Jan.%2021,%202014.pdf
 
To me, the agreement was 5%...anything above that would be stealing from the members. How about our own class action against the TWU.

 

[Overspeed]

I don't need the formula, I need the number in dollars from the equity due to us.....can someone answer a simple a question, apparently NO,  
The shares are not the important issue, the amount of money we are suppose to get is the base line.

 
Ask Gary P or Sean Doyle. One of them should know.