#1
RichardMEL , Nov 6, 2001 6:15 am
Mar 3, 2024That's how many GR points are out there, according to the administrators. wowwee.
Must be all those Diners club points.
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RichardMEL, UA 1K
A Star Alliance Member.
Must be all those Diners club points.
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RichardMEL, UA 1K
A Star Alliance Member.
#2
Richard, how did you find this out?
70 billion points at, say, 1c per point, is $700 million.
So, would you say that, long before they called in the administrators, they had no chance of honoring these points?
70 billion points at, say, 1c per point, is $700 million.
So, would you say that, long before they called in the administrators, they had no chance of honoring these points?
#3
RichardMEL , Nov 6, 2001 8:10 pm
An ex-AN staffer I know told me the Marks had released that stat, but I can't find a media version of it anywhere.
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RichardMEL, UA 1K
A Star Alliance Member.
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RichardMEL, UA 1K
A Star Alliance Member.
#4
Clement Lowe , Nov 7, 2001 1:59 am
It was in the Sydney Morning Herald on Tuesday.
Quote:
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MukMuk:
So, would you say that, long before they called in the administrators, they had no chance of honoring these points?</font>
Interesting speculation. Wouldn't it be possible to charge Toomey and others with some form of fraud in that case?<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MukMuk:
So, would you say that, long before they called in the administrators, they had no chance of honoring these points?</font>
One thing that would be important to know though: How many of those points were actually worth anything under the Global Rewards scheme?
GR had so many signup offers and bonus points with Etrade, one of the phone companies, etc, that I know many people with less GR points than could be redeemed for a flight.
If the GR scheme was re-constituted, those points would still be worth nothing, at least in the short term.
GR had so many signup offers and bonus points with Etrade, one of the phone companies, etc, that I know many people with less GR points than could be redeemed for a flight.
If the GR scheme was re-constituted, those points would still be worth nothing, at least in the short term.