Initials
For me that is the call that me formation leader gives when he has taken me to the place where I am on my initial point for final to land. We may wazz around doing a run and break but in reality it is probably my first opportunity to orientate myself with the ground features and runway....
up to that point my entire focus has been keeping station with Lead....
Lead needs good situational awareness - for if he experiences engine failure, I do expect him to tell me where we are before he plummets towards terra firma. I'd expect us to be on or near track but have no idea where we are!!
Stik