Post by
sollmg on Oct 30, 2024 12:56pm
FLY Market Valuation
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.
Comment by
sollmg on Oct 30, 2024 5:44pm
Further Roumell still has 2.5 mil shares and I'd down 43 %. I'm guessing they vote no
Comment by
sollmg on Oct 31, 2024 1:53am
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.
Comment by
sollmg on Oct 31, 2024 12:38pm
Going over their quarterly holding listings they already sold the 2.5 Mil shares. Might explains the big Raymond James dump.
Comment by
PeterPiper on Nov 05, 2024 3:25pm
The 2.5 million company did not have enough shares to be an insider. SEDI is very easy to use, is free and usually up to date before Canadian Insider. Not sure what your problem was. Piper