FLYHT Aerospace Solutions Ltd V.FLY

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

[lavender1]

Golf...

With regard to your thoughts on future 'dilution'....may I draw your attention to this excerpt from their 3rd Quarter filings...I'm confident you've read it!!


Given a large portion of the funds raised in Q2 2016 originated from a one-time sale of intellectual property, for the Company to continue as a going concern longer-term, it will need to attain profitability and may require additional financing to fund ongoing operations. If:

•  general economic conditions in the industry or the financial condition of a major customer deteriorates, or

•  debenture holders do not convert their debenture units to equity, when the debentures mature in December 2016;
  
  the Company may have to scale back operations to create positive cash flow from existing revenue and/or raise the necessary financing in the capital markets. It is the Company’s intention to continue to fund operations by adding revenue and its resulting cash flow as well as continue to manage outgoing cash flows. If the need arises due to market opportunities, the Company may meet those needs via the capital markets. 

Now ...I fully realize there are several caveats in there...as in 'if'..'or'...and 'may'.

The point being that it is there and very clear for everyone ( who's willing or cares ) to read through the documents.

I rather doubt it's just there to fill a page ...it just leaves the door open...no one can ever say they weren't forewarned.

To suggest it's just posturing, puffery or academic legalese would suggest that someone could likewise  put the proposed share consolidation in the same realm.

I like to consider all options.....Cheers.