RE:now i believe AIM will eliminate dividends instead of mingzhu wrote: cutting 70% in wake of earlier senior notes redemption on June 9. It shows the intention of managemnet to pay down debts in order to survive. It will still pay dividends to prefs ABC. That the prefs price hardly moved indicates market believe so, unlike sharp down of common shares. AIM now have 2 options:1, go back to the negotiation table to have a deal with AC, 2, ask or beg AC have freindly take over. AC already showed them who is the master by pushing down AP 75%. There is no alternative in canada to have an airline to join them. WestJet has its own program. AIM' s only long term value is 49% ownship of primier Club valued as 500 m. But it has debts to pay. If AC plays hard ball to bankrupt AIM and then pick up pieces, well, that is possibility. AC just can afford to sit and see what will happen. AC will publish cost of setting up new system in september. If the cost is more than cost of taking over AIM, then AC will consider the takeover. So let's see how much it is the cost , then determine how much AIM is worth.
I don't see you to mention Nectar; this is alone north of $4 per share!