FLYHT Aerospace Solutions Ltd V.FLY

Interesting

[ARIMA11]

This morning Flyth email...

 

Transaction Detail

Under terms of the agreement, FLYHT (through its wholly owned German subsidiary formed as part of this transaction) will acquire all of the outstanding securities of CrossConsense. The purchase price was within industry norms for revenue multiples of private companies. This agreement is subject to approval of the German Government and the TSX Venture Exchange and to be effective January 1, 2022, with a transaction close as soon as possible after those approvals are received.

News Release
https://ceo.ca/@accesswire/flyht-agrees-to-purchase-shares-of-crossconsense-adding

Transaction Detail

Under terms of the agreement, FLYHT (through its wholly owned German subsidiary formed as part of this transaction) will acquire all of the outstanding securities of CrossConsense for CAD$1,250,000 in cash and 1,900,000 common shares of FLYHT. The shares will be held in escrow and will be released equally in 1/3 increments at 4, 16 and 28 months following issuance on the transaction's closing date

 

At what price will the shares be issued at? :)

 

[ARIMA11]

Assuming the cost is zero (free share) at an average price of $0.75 *1.9M shares = $1.42M + the $1.25M in cash would be $2.67M for the cost of acquisition. Total price will depend on the share price going forward and how it vest.  This is difficult to evaluate if this is a good deal.There is no financials provided on CrossConsense because its private. Anyways...  The purchase price

[RayDonovan78]

Probably not, no numbers from CrossConsense and more dilution from Flyht

[Coffeeme]

This is looking like a good deal for Udo as CrossConsense does about $2M a year in revenue from what I can tell. 20 employees for $100K per employee in Europe does not seem like enough to be profitable on its own. There has to be a huge multiplier with their special software to make this valuable. Not bad for a guy that was selling used aircraft parts a while back. I am going to change my

[RayDonovan78]

Hear...Hear...In my opinion they have already gone back to the trough having to issue 1.9 million shares to close this deal. The market was so impressed it rolled right back today. They love chasing guppies instead of getting the big kahuna. How many shares are outstanding now ??? Time for another consolidation !!!  Thylor was this the secret sause ?

[uberlious]

RayD.... Curious...Why do you post here?. Have you invested in FLY?   Have you lost money ? Regards Uber

[RayDonovan78]

Lol.....I have answered that tooooo many times. The real question is why do you continue to post here when nothing has changes for the last 20 years except the downward share price ? You post "what a pivot"  Are you for real ????  Either the dreamer posting here are all one of the same or they are smoking the same S@IT !!

[ARIMA11]

Financing is an integral part of the venture market. Even blue chip stocks do it! :) What matters is the terms and why the money is raised for. There's nothing wrong with raising money to make acquisitions. Especially if its going to drive net revenues going forward.

[RayDonovan78]

As the shareholder get diluted once again..........

[ARIMA11]

Cry me a river. :)

[uberlious]

Ray.. As a shareholder if your not happy, you can sell your position and take your money elsewhere. Instead you cry like a baby.. Regards  ..Uber

[RayDonovan78]

Crying ??? Who is crying, just the truth my rosy friend...  Uber go back into hiding and wait another 10 years for the next "PIVOT" ....Lol   I feel for you die hards !!!

[RipCrackle]

hey uber, good to see you back here again

[uberlious]

Thanks Rip...nice to be back.  Flyht has made what I feel  is a very nice pivot here. We now have offices in Germany, The US and Canada. Hopefully we've weathered the worst of Covid and the industry will get back up and flying.  Regards..Uber

[ARIMA11]

Regardless of if it is or not a "good deal", the market seems to like it. That's what's important here. Potential synergies are clear AMOS support, Business Intelligence, Consulting (Data Migration, Hosting, and specific product (Aircraft Fleet View, AviationDW and ACSIS Predictive maintenance). Does not take too much effort to see a fit there. :) https://www.crossconsense.com

[RayDonovan78]

Really and how did the market like it ??? YEAH the huge share price increase and share volume speaks volumes !!

[ARIMA11]

Did the stock go down? :) - You should type less and watch the price! :)

[RayDonovan78]

Yes it did, the following day it droped back to 74 cents....Wow today it's up 2 cents.....Keep drinking the Kool Aid !!!

[Thylor09]

Ray   Flyht customers buying patterns have changed dramatically due to Covid and this will make all the difference going forward.     I think you will see a mediocre 4th qtr which I have always said and a very good 1st quarter which will be the start of Flyht's revenue recovery. Remember my work shows them exceeding the approximately 22 million they did in 2019 when

[Givmeabreak]

1. No they haven't 2. Your analysis is worth nothing!

[Thylor09]

"Your analysis is worth nothing!" interesting comment How would you of all people now that lol

[Thylor09]

Givmeabreak is the worst person on this board constantly saying things that are just not true. While I sometimes disagree with Ray , he makes several good points and adds value

[Thylor09]

I was going to wait till 4th qtr came out before sharing some things with this board but I will do so now. To start Lets assume 4th qtr is mediocre and similar to 3rd qtr That would make the year come in at approximately 12 million So 2019 approx 22 million stock 1.80 2021 approx 12 million stock 0.75 (it deserves to be at this level based on these results) So the base is 12 million Based on

[RayDonovan78]

Dont buy it, they have huge debt, huge expences and diluted shareholders too many times to count. All these small IF IF IF deals are not even close to showing proffits on the bottom line. Amazon ?? I highly doubt it for obvious reasons. They could can not sign a large North Ameriacan commercial carrier or large couriers over the last 10 years, what makes you think Amazon ??  China China China

[tannin]

How wrong can a person be.......read Ray D. I'm a long time holder, suffered some, but still here...like the tec, the management, the progress....and new acquisition

[RayDonovan78]

You should read......nothing I said is wrong Tannin,  Please explain before disappearing !!!

[RayDonovan78]

Tannin, Please expain how wrong I am on the post below.....

[tannin]

Ray, FLY is a successful company....you don't seem to understand that. Later to real profits than we expected, yes. Could 'we' sell it for...a multiple of it's current value....wouldn't surprise me, and if not now, certainly on the way. Operating in an international mkt, in a scrutinized industry, a true global player....Bill and team have achieved big stuff....I'll back

[RayDonovan78]

You still have not answered my question, tell me how I am wrong !!!  I am not talking about the future posibilities.....And how do you define a successful company ??? A company who has struggled to make a proffit for 20 years and continues to dilute shareholders ??? And a share price that has delined 90% from its high's ???

[Thylor09]

You might be missing the point Ray, there are about a dozen amazon size deals out there to go after for the first time maybe ever. Like I said Covid 19 has changed Flyht potential clients buying patterns. I am actually assuming Flyht wins none of these big deals, the more likely scenario is they get 1 or 2 of them. As to profitability I think that starts first quarter Ray, we will see who is

[Thylor09]

It takes new plane quite a long time to be certified this is why the Comac C919 order will not me material in 2022.

[Givmeabreak]

Ouch. Thank god for Ray!

[RayDonovan78]

After all these years I'm starting to feel loved....Lol

[RayDonovan78]

Covid is just an excuse, the $1.80 you speak of is really 18 cents pre consolidation and a 90% decline in share price from the high's beck in 2007/2008. And as I have said before I dont care to do any further research because it will not make any difference. I do notice you wording has changed over the last 6 months, not as confident as before ??? You once said "if they dont deliver in 6

[Thylor09]

Ray Think you misunderstood my timeline or I did not explain it properly I will wait till the end of 2022 before deciding anything on my stock holdings I don't care what the stock was years ago. I did not own it then I bought in originally at 75 cents on the deal and I am hoping to make money from there ps I am more confident now given the several company was published several wins pps

[Thylor09]

Sorry for  typos i am more confident now since the company has press released several new wins