RE:RE:RE:RE:RE:RE:Under 2 bucksI havent been on here in a long time but felt like I needed to sign in here to deal with the mis and simply lack of information being spread on stockhouse about GlobalX.
GlobalX board have already stated they have been contacted by many of investors about funding the spinco which is why this is happening. It didnt happen before with Canada Jetlines due to many factors but lack of transparency and lack of belief in the senior mgmt group was a big factor. Canada Jeltines was able to secure some funding through Inharv group and SmartLynx but it wasnt the required $50m.
Currently all Canada Jetlines assets are dead in the water and the only reason in my opinion we are even part of GlobalX now is they needed a shell company to launch on the TSXV and thats where Canada Jetlines came in. Whats the material value? A few manuals that were sent in for the Air Operators Certificate and a website?
This spinco is good news no matter how you look at it. 2 Canada Jetlines shares for every 1 GlobalX is a GREAT deal for all involved. Canada Jetlines will be flying GlobalX airplanes, quite literally a win win scenario.
Canada Jetlines will NOT BE a regional carrier. More involved on levels like SunWing on charter vacation destinations. With plans to launch in Jan 2022 (likely delays), the airline sector turnaround will be the biggest story of the latter half of 2021.
This chat on stockhouse is dead. if anyone is looking for a credible discussion head to the board at CEO.CA JET.
As always, DYODD