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Old 18th Dec 2006, 01:42
  #219 (permalink)  
hawke eye
 
Join Date: Feb 2006
Location: queensland
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Roaming wolf & Lower lobe,
Do you really think cabin crew are going to put their tight fisted hands in their pockets to buy Qantas shares? Currently many crew have no clue as to the dire situation we are facing.

Even if they did there is no guarantee that there would be enough supporters of such an idea they would contribute and purchase shares. If not enough purchase shares then we do not achieve the 10 % required to block the sale then the effort used on organising that agenda has wasted valuable time that could be used to combat the sale by other means ie raising public awareness, opinion and support. If you do raise the 10% required meaning everyone has purchased shares at $5.00 plus whatwould those shares then be worth? If the sale is blocked the share price will drop.

My guess is the share price would fall dramatically. Its a nice pie in the sky idea filled with alot of ifs and plenty of pitfalls.
The main pitfall is getting cabin crew who were screaming at the loss of earnings due to forced LSL or the scream we hear when union fees are raised in getting them to contribute.
There is a shortage of Pilots around the world so in one form or other there futures have some security. Bearing that in mind I dont think pilots would support it.Unfortunately that is not the case with us.

Its good to come forth with ideas guys but keep em real and keep em coming. Oh lowerlobe , great restraint shown by submitting a post without bashing the FAAA.keep it up. You might start to get taken seriously
hawke eye is offline