FLYHT Aerospace Solutions Ltd V.FLY

FLY Market Valuation

[sollmg]

FLY has an enterprise value of 20.3 Mil which is 0.53/share. Morningstar has a fair value price of 0.56/share. Surprised that FTD has made such a low ball offer with only 24% of current shares backing them. The only shareholders that have signed agreements with  FTG are Bleichroeder and Alana Forbes. I would think a promising company like FTG really doesn't want to bring on a large group of disgruntled shareholders. Just my thoughts.

[sollmg]

Further Roumell still has 2.5 mil shares and I'd down 43 %. I'm guessing they vote no

[CF105]

"On October 25, 2024, the Trust’s Board of Trustees (the “Board”) approved the closing and subsequent liquidation of the Roumell Opportunistic Value Fund (the “Fund”)." https://www.ncfunds.com/dl/supplement/ramsx102824.pdf https://www.roumellfund.com/institutional_shares.htm Scroll down to... Portfolio Holdings, 09/30/2024, Latest Calendar Quarter Compare to: 05/31/2024

[sollmg]

Well that's interesting.  They reported their holding on Oct 23 and 2 days later decided to close the entire fund. Looking at the trading numbers since Monday I don't think they have been selling on the Market yet. They may sell directly to FTG.

[sollmg]

Going over their quarterly holding listings they already sold the 2.5 Mil shares. Might explains the big Raymond James dump.

[howlong]

It smells. Sedi is impossible to use to verify where and when any insider sold their shares so we are in the dark. DidRaymond james dump drive the price down to make the sell price look better 34 cents vs 11 cents. Impossible stupid investment strategy. Did FTG buy anything at the market?  I can't find it on Sedi. Can you help answer this one?  With all the shares trading at 31 32

[howlong]

FTG=FTD SORRY