RE:RE:New Press Release - Firan Technology Group Corporation to Acquire FLYHT Aerospace Solutions Ltd.Agreed,
Impressive in their ability to use Firan stock as part of the payment , up to two thirds of the payment.
FLYHT also has tax losses to harvest .
Maybe three years ago I had a diastrous discussion with a junior executive ( all the senior people being busy somewherelse) with FLYHT that stopped me from investing in the company ; maybe that was good luck for me. I can't remember the details of the call but the technology wasn't my concern ; it may have been the size of the company and the reliance on a few customers.
It'll be interesting to see what a very good management team with much better industry connections can do here. $13.2 million in cash or shares is not a lot to risk here