RE:RE:How terrible is the buyout deal ?IMO... "scorched earth", I get that.
At this point, also voting no.
Am looking to take shares, FLYHT should begin to affect FTG's SP early in 2025.
My understanding is that I would receive .0495 FTG shares for each FLY share if FTG SP is no higher than $6.83. If the FTG share price moves up, I would receive fewer shares with the value of them remaining the same.
Open to hearing other interpretations. Clarification by management is a necessity. Multiple examples should be included in the mailing along with a shareholder's outcome for the three offerings.
Out there...
What would FLYHT's reaction be to receiving a large purchase order before voting takes place and/or before December 31st? Would we hear about it?
Other offers? A single person or small consortium could afford to buy FLYHT at this price. What of L3H, Collins, Teledyne, even WestJet? What about privatizing?
It was only weeks ago that management believed turning the corner was imminent. What happened since then?
Overall, in a word, disgusted.
Of course, each must take their own measure of the situation.