RE:Anyone...Banjo, stop with the people attacks and focus on business.
Jetlines reversed merged into a Venture shell and went public because they could not (after years of repeated attempts) raise the necessary capital from the private markets. Same horse, different trough.
History
On February 28, 2017, Canada Jetlines completed a business combination with Jet Metal. Until then, Canada Jetlines was a private company that had raised money over three years with the goal of becoming a ULCC. Jet Metal Corp. was a publicly listed company that was previously involved in mineral exploration, but had raised capital in 2014 to search for a new business opportunity. An IPO process is quite lengthy and expensive, so it is common in Canada for private corporations to obtain a public listing through a corporate transaction with an inactive listed company. A public listing was sought as it provides greater access to capital given the increased liquidity compared to a private corporation. The common shares of Canada Jetlines trades on the Toronto Stock Exchange – Venture Exchange (“TSXV”) with the ticker symbol “JET”, as well as on the OTCQB with the ticker symbol "JETMF".