FLYHT Aerospace Solutions Ltd V.FLY

the new insider

[CF105]

CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) -- Further to the press release dated July 22, 2021, the following insiders of FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) subscribed of Common Shares in the non-brokered private placement:

• Alana Forbes (an officer of the Company– 66,667 Common Shares)

• Bill Tempany (an officer and director of the Company) – 133,485 Common Shares;

• Brent Rosenthal (director of the Company) – 333,333 Common Shares;

• Darrel Deane (officer of the Company) – 40,000 Common Shares;

• Paul Takalo (director of the Company) – 33,334 Common Shares;

• Derek Graham (officer of the Company) – 33,333 Common Shares;

• Doug Marlin (director of the Company) – 33,333 Common Shares;

• Mary McMillan (director of the Company) – 41,666 Common Shares;  

• John Olcott (director of the Company) – 16,667 Common Shares);

A newly created insider of the Company (Michael Kellen, being the decision maker for each of The Ellen-Maria Gorrissen Trust I U/A Dated 06/03/1993 and The Ellen-Maria Gorrissen Trust 2 U/A Dated 06/03/1993 (who each subscribed for – 2,083,333 Common Shares and collectively now own greater than 10% of the outstanding shares of the Company) (subject to final approval of the TSX Venture Exchange).

These may be considered “Related Party Transactions” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, however the Company will rely upon available exemptions from the minority shareholder approval and valuation requirements set forth in that Instrument (the fair market value of these subscriptions being less than 25% of the Company’s market capitalization (exemptions found in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions)).  The actions disclosed herein were approved by the board of directors of the Company via written resolution, signed and approved by all directors.

https://financialpost.com/globe-newswire/flyht-adds-information-regarding-insider-participation-in-private-placement

 

[Givmeabreak]

All bought with hard earned shareholder money. Exciting stuff!

[Coffeeme]

I always worry when the sales guy (VP) doesn't ever buy any stock! Probably the most important guy in any successful company and likely collecting great commissions, but does he show faith?? Good to see that the PP fund forced the management and board to belly up in the offering. If things are going great, it would be good to see them cash in some "in the money" options as well.

[tannin]

Office boy didn't buy any either, or the mail delivery gal.......I will check to see why the pizza delivery dude didn't buy any....scumbag.

[Givmeabreak]

Well, we know the pizza delivery boy aint buying, because the average daily volume is non existent. Sad state of affairs indeed! 

[Coffeeme]

Scumbag?  Wow, tough room. Must have struck a nerve... Sorry Tannin, didn't know you were so sensative. I will just leave it at...Fix the team = fix the company.

[RayDonovan78]

Tannin is probably frustrated because he thought the recent run up would last. Stock is currently down 25% from recent $1.14 high in less that 4 trading days. It will be interesting once the 4 month hold expires !!

[Givmeabreak]

21 + years of the same old, same old. How much of that $6.6 mm isn't already spoken for. Zero interest in the stock. Absolutely pittiful... 

[Thylor09]

The 6.6 was fully taken up, in fact over subscribed. Quit posting rubbish

[Givmeabreak]

True dat, but look at the financial statements if you can read. How much debt is do this year????? There's three reports that investors need to know how to read if they want to be successul: 1. Balance sheet 2. Income statement 3. Cash flow statement Good luck!

[Thylor09]

Thank You Captain Obvious

[RayDonovan78]

Lol. Means absolutely nothing. Wait until the hold period expires!! Just do me a favor buy another million like you said so I can FINALLY get my sell order filled!!

[Thylor09]

Ray You confuse me You claim to be an owner of fly, but you disparage the stock at every opportunity. This is counterproductive and illogical to maximizing your personal net worth Something does not add up with you Ray

[RayDonovan78]

Yes I am a owner for over 15 F@CKING years so I know the stock and the company very well....The good old days before the desasterious decision to consolidate I traded this times and made very good money so I am basicly holding free shares.....Again, I know the stock and company and it makes me laugh when new people post here on how great things are. No sence selling what I have at this level

[Thylor09]

Ray I never said things were great at Flyht. they are actully very poor at the moment.  I still think that my initial entry at 75 cents was a good price based on future risk/reward. It is were stock is in 2 years that matters to me and other long term investors.   I will only add to my initial Fly position based on the company achieving certain goals over the next 12-18 months

[Givmeabreak]

Ever heard of a zombie company? I suspect not!

[RayDonovan78]

Not angry at all, just the facts. Its the same old same old noise with this company...."Next quarter will better" " next year will be better" The best is when they thank shareholders...And how do they do that ?? by DILUTION...Lol

[Givmeabreak]

Let's prtend that this 10/1 reverse split never happened by quickly issuing 10x more shares. Maybe knowone will notice!