Norwegian Air Shuttle ASA (PK) (NWARF) News

you betcha!

Looks like lotto play is panning out!

LOTTO PLAY HERE FROM NOW ON AT 1.24 PPS !


BET ON IT


BOTTOMED OUT FOR SURE


A/S and Cap size is too large to go lower than a dollar.

$NWARF lottery play here. Slowly creeping up in price.

Looks like they got some state funding.

https://www.bloomberg.com/news/articles/2021-01-21/norwegian-air-says-government-is-now-willling-to-provide-support?utm_source=url_link

Next court hearing is on 1/27/2021 right?

Forgive me, converts to .0955 cents per share per-merger

I feel where it’s currently at isn’t even close to it’s upside, I invested $10,000 at .16 a share before the reverse merger, and have continued to buy on the upside day in and day out. Pre-merger converts this to only being about 10.5 cents a share. So I project this into the low to mid twenties at a stable point in the very near future

Not yet at TDA. How high do you think this one will run?

Holy smokes my etrade is clear

Same. TDA as well. I called. Could take a couple of weeks.

Reverse split still hasn’t fully processed with my broker TDA ?? anyone having same issue?

Shocked, but happy to see it

This beast is on its way up

Yup. New ticker coming

Reverse split happened last night already

still nothing on the otc finra daily list about a reverse split

Better than being delisted from the stock exchange. No R/S equal delisting.

MINUTE entry before the Honorable Andrea R. Wood: The parties' joint motion for clarification [32] is granted as follows. In light of the pending motions to remand [23] and to dismiss for lack of personal jurisdiction [17], discovery in this matter is stayed. The parties are not required to meet and confer on a proposed discovery schedule until the motions have been ruled upon unless otherwise ordered by the Court. The Court deems this approach appropriate in light of the possibility that the case will be remanded to another venue for further proceedings. The parties may, however, take appropriate steps to preserve evidence, including serving early requests for production pursuant to Fed. R. Civ. P. 26(d)(2). To allow the Court time to complete its rulings on the pending motions and, if necessary, for the parties to complete their Rule 26(f) planning conference, the telephonic status hearing previously set for 12/15/2020 is stricken and reset for 1/27/2021 at 10:30 AM. To ensure public access to court proceedings, members of the public and media may call in to listen to telephonic hearings. The call-in number is (888) 557-8511 and the access code is 3547847.

Maybe. That’s what typically happens.

Can’t see it.

They kinda need an RS in order to do debt to equity. And 1-100 is not good for shareholders

Could be possible they had a settlement I guess? If the hearing disappeared

Thanks. Something strange though is that the hearing disappeared from the daily schedule of the judge in charge.

https://www.ilnd.uscourts.gov/judge-info.aspx?BXN5dcjmkL3ZqHn5xeJqYA==

No idea what’s happening there. About the reverse split. They kind of have no choice. Oslo market ban stocks under 1Nok so they would be delisted without the reverse split.

As soon they file something I get notification. Their is no way of telling pal.
This could go either way. When I got in, I told myself this is lost money from the beginning.

The court hearing will determine some what of the future. Thursday and Friday are also big decision. If the do an R/S in my opinion and experience. It’s not good, hopefully the voters say NAY which means NO.

We need huge results today to cause a huge rally and bring interest. Allot of people were watching, they could’ve brought this to .40 and close to a dollar. But when they announced the R/S those idiots shot themselves on the foot.

Let’s see, best of luck to all of us.

Salute!

Yes. I’ll keep the board up to date

Do you have access?

Not sure if the link will give you access. I had to sign up on law360, please see the case details, only way to get the docket access and alerts.



[url][/url][tag]https://www.law360.com/dockets/download/5fabcf298c6de0768317c0cf?doc_url=https%3A%2F%2Fecf.ilnd.uscourts.gov%2Fdoc1%2F067124922493&label=Case+Filing[/tag]

Case Number:
1:20-cv-04108

Court:
Illinois Northern

Nature of Suit:
190(Contract: Other)

Judge:
Honorable Andrea R. Wood

Firms
DiCello Levitt
Hogan Lovells
Perkins Coie
Winston & Strawn
Companies
Norwegian Air Shuttle ASA
The Boeing Co.
Sectors & Industries:
Industrial Goods
Major Diversified
Services
Major Airlines

Where can we see this hearing?

DEC 15 NWARF VS BOEING $$1 BILLION SETTLEMENT CHICAGO US COURT


December of Reckoning for Norwegian Air

MIAMI – In the last few weeks of the year, Norwegian Air (DY) will have two days in court that could forecast the future of the company.

Having received a bailout from the Norwegian Government in the spring, the airline has been told that no further money will be coming.

December 7 – Ireland

Next week, DY will appear in court in Ireland, having filed for bankruptcy protection late last month. According to The Irish Times, the creditors for the Irish subsidiaries had threatened or have already taken legal action against the airline. The legal action was related to defaulted or late payments on the aircraft used by the Irish subsidiaries.

Interterm protection has already been granted from Ireland during the initial hearing, however, the airline will need to gain further approval on December 7. The protection granted will also affect the Oslo-based parent airline.

If longer term protection is granted by the court, this will give Norwegian the chance to have some breathing room to start planning and implementing the restructure of the airline. In the meantime, DY plans to operate domestic flights within Norway, using six aircraft from its fleet.

December 15 – USA

The second court hearing which will occur is scheduled on December 15 in Illinois, USA. Norwegian Air filed a US$1bn lawsuit against Boeing in the summer, at the same time they cancelled major orders with the manufacturer. The lawsuit is related to the losses incurred due to the grounding of the Boeing 737 MAX as well as issues with the Boeing 787.

Boeing wishes to halt the lawsuit, or preferably, have the case dismissed. The problems DY experienced stretch back to the Boeing 787 aircraft, where the aircraft was heavily impacted by engine issues. The Trent 1000 engines were problematic from the onset, including an incident in Rome, Italy, which required rework and replacement of the affected engines.

Norwegian Air had to take the Boeing 787s out of service in order to conduct repairs and replace engines, which affected flight schedules and offerings at the airline.

The shareholders will have to vote. The vote has to pass. Once passed they will determine the new value to the PPS

Their is allot of certainty that the price per share will adjust for the 100/1 split. Meaning 100@.12 would be the same as 1@$12. This is the assumption letting to ease, but it’s massively risky just alone the assumption. Only the vote will tell which direction. But maybe someone with more expertise could clarify here on the board. I know many that been in an r/s have had nightmares from previous experience.

But I was at MGEN SAME thing happened except the Split was to enter higher Nasdaq levers and company did not compromised the investors.

Here is the article which needs clarification

Came out on December 3rd? And the market rallied on this? Seems like weird action

It’s unclear if that split will affect NWARF. Is this ticker ADR? Regardless the vote is on 12/17. From what I understand NAS and NWARF are separate entities.

Hoping for shareholders to vote no. I believe shareholders are due extremely. Due to the voting of release of shares I believe back in January which dropped the PPS to below a dollar. So this could still go either way.

In addition BOEING HEARING IS NEXT WEEK ALSO I BELIEVE.

Thanks. That changes things a little.

https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=975807&messageId=1226957

Doing a 100/1 split Dec 17.

Some schwab vestors receiving the voting options already. Not sure which way this could go. Someone with intel. Would be much appreciated?

Where did you see that?

Is there going to be a reverse split on this?

Norwegian Air Shuttle ASA : (NAS) - New share capital registered
12/11/2020 | 03:59am EST
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Reference is made to the previous stock exchange announcement on 10 December
2020 by Norwegian Air Shuttle ASA (the "Company") regarding conversion of
perpetual bonds into a total of 253,970,846 new shares in the Company.

The Company has today registered the share capital increase pertaining to the
perpetual bond conversion in the Norwegian Register of Business Enterprises
(Nw.: Foretaksregisteret). The Company's new share capital is NOK 397,332,869.30
divided into 3,973,328,693 shares, each with a nominal value of NOK 0.10.

114,079,911 of the new shares shall be listed on the Oslo Stock Exchange and
admitted to trading when recorded in the VPS, which is expected to take place
today. The remaining 139,890,935 shares shall be placed on a separate ISIN, and
shall not be listed until a new prospectus has been approved by the Norwegian
Financial Supervisory Authority and published by the Issuer in accordance with
the EU Prospectus Regulation ((EU) 2017/1129), which is expected to take place
during January 2021.

For further information, please contact:
Tore Østby, EVP, phone: +47 995 464 00



Important information

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia) or in any other jurisdiction where such publication or
distribution is unlawful. This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act.



This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Been watching for months, this is a lottery ticket boys. This hasn't even started.

NWARF~.1175 ,67%% up,~buy volume 17,898,846 and sell volume 13,806,846

.1175,67%% up, Nice close, will rock tomorrow NWARF

NWARF~~https://www.marketscreener.com/quote/stock/NORWEGIAN-AIR-SHUTTLE-ASA-15040350/charts/#

Boom NWARF NHOD, gap tomorrow

NWARF~~66%% up,here we go .117 hits ,above all MA 50,100,200

looks like gonna break .1155 in little,wowza after https://www.marketscreener.com/quote/stock/NORWEGIAN-AIR-SHUTTLE-ASA-15040350/charts/#

NWARF getting better ,gonna break .1155 MA 100