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@BiotechC Can you elaborate on the floor value?

$Gogo Why director Charlie purchased $2.54m (largest when combined 11/19/25 purchase $7.03) The spectrum buy-sell GOAT- dialed absolute exclusivity nationwide 800899Mhz, FCC revalued bandwidth, and Sprint all in Grain spectrum takeout w/exchange locks floor value $ATEX $AMZN

@mcshmooty @scbower @LayinProps I read this like netjets has the option to install $GOGO but I don’t see any firm commitments or saying they “will” install it. Are the 600 netjets planes that are getting Starlink separate/mutually exclusive from the ones getting new $GOGO equipment?

@manateeman12 @scbower @LayinProps Starlink didn’t steal anything. $Gogo still on NetJet fleet with 10 year deal signed last year. NetJet looking to offer Starlink on some jets - healthy competition.

“no customer accounted for more than 10% of our revenue in 2024” $gogo

@scbower @LayinProps ir.gogoair.com/news-releases/…

@scbower @LayinProps Think it’s more about the datapoint that Starlink stole an incumbent relationship that should have been $gogo Can u help me understand how this relates to this prior agmt with netjets from 2024? Seems like the 2024 agreement was an “option” that netjets is not going to exercise?

@scbower @Oceanus23686454 @Bprew7 CEO Chris Moore down 50%+ on his buy at $12 and Charles Townsend down a quick 20% / $300k on his recent purchases. Thanks for playing 🤡🤡🤡

@manateeman12 @Oceanus23686454 @Bprew7 It just dipped to $5.70. I'm already overweight and was too stunned to do anything.

$gogo. This slipped by me entirely. Apparently the market caught on first thing this AM, hence 10m shares traded. I'm blowing out of gogo position. Perhaps I always underappreciated this risk (obviously?). Tough L for me, had a chance to exit at a double quite recently.

@Oceanus23686454 @Bprew7 I’m just speculating. in my experience these things take time to put together — legal docs getting turned, terms being negotiated, etc. I would imagine $GOGO mgmt and BOD had at least an inkling / very well-educated guess as to what was going on with netjets a few weeks ago

@manateeman12 @Bprew7 How would he know ? Care to expand on that ? Knew they would not renew?

@Oceanus23686454 @Bprew7 And why did board member Charles Townsend just buy like $1.3 million of shares in the open market like two weeks ago when this fact would have almost certainly been known by him? I can’t imagine he just willingly enjoys lighting money on fire. But maybe he does 💁🏻‍♂️

@Oceanus23686454 @Bprew7 Serious 1 - How does this relate to this gogo/netjets deal announced back in 2024? Did Netjets now elect to install Starlink instead of gogo? ir.gogoair.com/news-releases/…

@BluthCapital Unfortunately he is still underwater on his 2018 insider buys seven (7!!!) years later 😭😖 I’m feeling so jaded towards $GOGO haha. Mentally preparing for underwhelming 2026 guide. Maybe they’ll shock me

The guy obviously feels his free options aren't enough $GOGO

@mdmourges @BluthCapital I have been in and out of $GOGO and following for about 5 years since the pre-CA spin-out and I rage-sold a big chunk of my shares yesterday. Now the share price will certainly go back up…probably 2-3x in the near future because I sold. Happy to take one for the team 😂

@mdmourges @BluthCapital I was just looking at this MS note from late 2022 where 5G was supposed to go live in Q4 2023…which was a delay vs. the previously estimated timeline. Now here we are after another incremental 2+ years (!!) of delays

$GOGO at about 10x FCF, 2026 guide will come out above $150 FCF making it stupid cheap.

@Bprew7 @mustang_cap23 Perhaps he was part of the Satcom synergy plan? The $30m of savings has to come from somewhere and a good chunk was always going to be headcount. May have been highly paid, redundant, and too expensive to keep around. Just speculating

@mustang_cap23 And finally, per the 8k itself departure not linked to "...company's financials, operations...". One would think a major 5g setback would be considered significant part of operations and thus preclude that exact language. Or am I too naive?

Adding modestly to $gogo position today. Down sizably on no obvious news and I perceive momentum to be building for the business. If this is on COO departure, seems like overreaction to me given he was 10+ year gogo employee and SD team is clearly driving the ship.

@russellgates_ @Bprew7 IMO perception of terminal value has been the issue…the market is pricing it like Starlink eats their lunch and they never grow again…equity value is at like 8x 2026 FCF. It has been incredibly frustrating that the story has always been “next year will be great”…

@Bprew7 Think it can be tough with insiders own 30% float, and 30% float is short. Leaves a fairly thin stock that for a lot of reasons market or idiosyncratic can lead to you seeing a stock dislocate from news etc. But id agree the terminal value of the business has increased

$gogo opened May 8th @ ~$9.50. Since, both Galileo products got PMA, HDX got nearly a dozen STCs. Strongest sign yet 5G will succeed in June w/ successful call completion announcement. Ahead of every guidepost WRT leverage, FCF, EBITDA. And every purchase since 5/8 is underwater.

@Bprew7 Then they said "we have really great data about why we are losing ATG units online" and then didn't provide anything else meaningful...crazy that they didn't think to prep for that question better.

@Bprew7 ATG units online has been going backwards for the last ~18 months and this was a pretty significant incremental stepdown. AVANCE penetration is strong, but they fumbled the question on AOL really bad...just sputtered around and said "uhhh...we're not losing any to Starlink..."

$gogo again trading for roughly 11-12x next year's FCF. Same thesis, with more clarity than it had 3 quarters ago. Still have to prove it out in terms of getting new products on customers planes in good numbers. Valuation gives little credit for that outcome, time will tell.

@BoringBiz_ you often come across as a LARP-er. Vehicles are delivered free and clear. any vehicle lease expense (principal & int) in p&l is going to 0 under new buyer. Whether you need recurring maintenance, new/replacement vehicle spend in OpEx or capex is a different topic

Worst type of EBITDA adjustment I keep seeing recently are companies adding back any lease expenses on their facilities or vehicles The explanation is that company could have technically bought the asset and depreciated it over time, which would be added back to EBITDA Makes absolutely no sense because they don’t actually own the asset and they do need to make cash payments towards those leases Amazing that bankers and accountants alike are just letting their clients get away with doing this

@mustang_cap23 @IncomeDummy123 I still don’t fully understand why they got involved in the first place…their investing mandate is to invest in PRIVATE companies (they are a private equity firm after all)…strange that they buy a minority stake in a public co and sell it years later

@IncomeDummy123 Was never a reasonable thesis

GTCR monetizing a quarter of its investment $gogo sec.gov/Archives/edgar…

@ive_m5 Maybe I am being dense — what do you mean by this? Couldn’t GTCR theoretically sell their entire share in the open markets whenever they wanted to?

@manateeman12 I think it’s just updating registration rights. They have first dibs.

$GOGO Airplane mode...