FLYHT Aerospace Solutions Ltd V.FLY

How terrible is the buyout deal ?

[TechOne]

They are not even paying 1 time projected annual revenue..  the Backlog of orders have no values.  Or none of the patents and hundreds of STCs etc. etc.. All for free.. 

Management should be ashamed..  Since they only have 24% of insiders' votes committed to the offer, let's see if rest of he share holders support the deal when it comes to vote.. They need at least another 43% votes to do the deal.. 

5 FTG shares will buy you a small cup of coffee at Timmy.. 

FWIW

[howlong]

In addition, the maximum  cash buy out is $4.3 million.  So if you want cash for your shares instead of FTG shares only 4.3 million is available.  With 39 million shares outstanding times .34 cents per share would be  the $13.2 million amount quoted.  So in effect Ftg purchase is 4.3 million. And not 13.2. Maybe I'm missing something?  But at this point I'm

[PeterPiper]

"The Consideration will be subject to maximum aggregate cash consideration of CAD$4.3 million and 1,300,000 FTG Shares." Maximum Aggregate means that whatever the split is between cash and FTG shares the total value will be $13.2 million . I was a bit confused at first, so I did a bit of research. Piper

[CF105]

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

[tannin]

Deal undervalues FLY and offers me a lot of 'meh' FRN shares...let's stay independent - make some changes to our BoD, and move forward.

[RayDonovan78]

From the GURU......Tannin, the management team you kept stroking over the years gave you the SHAFT !!! How much MONEY will you LOSE ???  You should have listened to me !!!

[Givmeabreak]

What a horrble end to a poorly managed company. Be thankful you got this measly handout. Lick your wounds and move on.

[tannin]

Not thankful at all; prefer independence for at least another year and willing to fund if funds reqd. Voting NO, as are many others

[tannin]

Otherwise stated......you want my assets, pay me a fair price, or pLss off.

[tannin]

Naw, not worth getting upset about. An offer is an offer; we're in play; higher offers please. The board can't ask for that; we can.

[tannin]

Most often, prenegotiated offers with insider support, win....this one likely will as well. It could have been much worse, as our many naysayers have noted......which doesn't change the fact that Firan are getting the sort of engine they need to show real growth and profitability, at a drop dead ghastly low price..

[Givmeabreak]

There will be no "higher" offers. Lucky to get this one. Time to move on!

[PeterPiper]

Yes, Flyht is not allowed to look for other bids. They will, however, have talked to potential candidates earlier  (Teledyne and L3 Harris for example). Others, who will have seen the news of the current may be candidates. I think the possibility of a better offer coming in is high and think that Flyht will put off the vote on the current deal as long as possible. I have not decided yet on

[tannin]

Agree Piper, Firan could/would up the offer given a 'no' vote. FLY offers high growth/high margins to Firan's stodgy business.

[RayDonovan78]

Tannin Stop Whining....You got the SHAFT !!!

[RayDonovan78]

Oh yes thats how it works You investing GURU!!!! You got the SHAFT......

[RayDonovan78]

Tannin, Stop your whining, YOU GOT WHATS DESERVED !!! You and were warned !!! How much MONEY DID YOU LOSE ????

[RayDonovan78]

Lol......Just think of ALL THE TIME you wasted on posting stats only to get the SHAFT,,,,,,,I warned you....