RE:Putting Lipstick On A PigSEDAR.COM
Full Prospectus is availble for you to study and research instead of opening your mouth and not knowing what your talking about.
This is not a fly by night "Let's open an Airlines'. Canada Jelines Ltd. (Before Jet Metal was ever in the picture) has been working for the last 4 years on changing the rules and regulations for allowing a ULCC to operate in Canada. Canada is the last of the G7 countries of the world to have a Ultra Low Cost Carrier in the market. Now that the law has been changed allowing for 49% foreign ownership by Marc Garneau, Canada's Transport Minister (Special exemption has been given to Jetlines); raising money is no longer an issue. Jetlines is planning on launching service in the next 6 months...routes and numbers of planes are all setforth in the Prospectus. The 6.8 million along with the cash they already had in hand will be used to immediately secure a leased 737 aircraft, which will be used to apply for a CTA license (4 months), after which they will be ready to fly. This is all laid out once again in the Prospectus.
So for all you mining investors still lurking around, SELL. This is no longer a mining company nor run by Jet Metals former ownership. This was a Reverse Take Over of Canada Jetlines Ltd., and is still run by the same board from Jetlines Ltd. (private company), all of which have 20-30 years experience in the airline industry and are not typical Miners that sit around collecting $15,000/month paychecks from Private Placements off the back of investors...Jetlines the private company and now the public company has put it investors first when it comes to every decision they have made including going public.
All mining assets will be sold off for cash, so forget about Jet Metal the mining company...it is dead and no longer pertains to the future of Jetlines Ltd. It's too bad the former shareholders of Jet Metal weren't better informed by the former ownership on the advanced stage Jetlines is at and the incredible investment they were very fortunuate to be merged into and a part of.