FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s): FLYLF

Industrials Aerospace & Defense

FLYHT Aerospace Solutions Ltd. provides solutions for the aviation industry. The Company's aircraft certified hardware products include Automated Flight Information Reporting System (AFIRS), AFIRS Edge, Tropospheric Airborne Meteorological Data Reporting (TAMDAR) and FLYHT-WVSS-II. AFIRS is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). TAMDAR system is a sensor device installed on aircraft that captures temperature, atmospheric pressure, winds aloft, icing, turbulence, and relative humidity. FLYHT-WVSS-II is an externally mounted aircraft sensor that detects and reports water vapor as relative humidity. The Company's wholly owned subsidiary, CrossConsense, offers skilled services to the commercial aviation industry.

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FLYHT Aerospace Solutions Ltd

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Comment by lavender1on Dec 22, 2016 9:38pm

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Post# 25638280

RE:RE:RE:4:30 Pm Calgary Time

Golf..

Many thanks for the thoughtful and informative response....enjoyed your overview..very realistic!!

Below is an actual excerpt from their most recent filing...using my simple math I divided the number of units issued by two and came up with the rough 17 million number for the warrants. If I'm wrong I accept the error of my ways.

On May 12, 2016 the Company closed a private placement, issuing 33,910,081 units at a price of $0.15 per unit, for total proceeds of $5,086,513. Each unit consisted of one common share and one-half of one share purchase warrant. Each warrant entitled the holder to purchase one additional common share of the Company for a period of 24 months from the issuance of the units at a price of $0.25. Finder’s fees totaled $317,275. A total of 2,115,167 finder’s options were also issued, exercisable into one unit at $0.15 per unit within 24 months from the closing date. A portion of the net proceeds were used to repay the debentures that were due in June 2016. All of the common shares and warrants issued pursuant to the private placement are subject to a 4-month hold period.

The use of the 'surreptitous' word was my choice ( not meant to suggest anything particularly devious on the Company's part). As you point out , the proposed consolidation is a matter of record ( for those who know the record ) but it is buried 2 years or so back. I'm confident that not everyone who gambles here is as meticulous as you may be with the 'facts'....and you may recall that at the time it was 'floated'...even many of the devotees here downplayed it as little other than a trial balloon that would never come to pass. I'll be more discerning in the future.

Merry Christmas and warm wishes to you ...it's been more than a few years.