Oct. 29 at 10:21 AM
$AZUL
recent negotiation led to an 30reals/azul4 stock valuation.. which is trading above 6 for now!!!
don't sell yourself short here, as they grow to \Brazil numero uno... look at
$LTM
1) TAP Portugal still owes them money aka $ 200 mils
2) Gov funding for 5 Billion reals were just made available to airlines Brazil if needed
3) did they tap into Azul CARGO business equity for funding?? they didn't say.. but that's available as well.
per recent debt to equity deal, azul had to raise additional $ to enforce the 3B exchange for 100 mils Azul4 equity
https://www.otcmarkets.com/filing/conv_pdf?id=17884725&guid=zHL-kqHKGkOPGch
approximately R
$3 billion and, in exchange, will receive up to 100 million new preferred shares of Azul
(AZUL4) in a one-time issuance
