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Exetr, ref the slot sale at gatwick, one further point is that the UK rules require the RNS to be issued when deal is agreed but these guys issued the RNS when it was signed, which would have been dys or hours later. Hence trading on 11Th Jan was a false market. [ Apologies if you got that point already]. BTW the sale to IAG subsidiary was to the previous employer of our CFO- I hope he did not keep any shares and found himself conflicted!
doomed - at least the kill is nearly over
Oh Only 70m out of over 200m voted
How did that get through?
Taverham.
It will be interesting with lawyers on wednesday, as Evercore were reccomened to be FLYBE advisors in Feb 2018.
As to the fee they charge , that will be easy to assertain by US regulators. Evercore were engaged as Vigin Advisors at the time FLYBE had them listed in a RNS of FEB 2018.
Without going into details of a specific case, in August 2011 a UK listed company put out news at 4.31 pm, during the next 3 hourse trading of the share rosen in the USA from an average of 25,000 per day to over 15 million and the SP promptly rose by some 38% when the LSE opened the next moring. That paticular case the SFO refused to act on, even though they new full well the Share Price was effected dramatically by trading in the US once the RNS was issued in the UK.
Its another reason the SFO is no longer fit for purpose when vested interest are concerned.
FLYBE issuing the RNS on the selling of slots at Gatwick is also a issues lawyers HAVE PUT to US regulators, and the simple facts are, the UK FCA are 100% incapable of regulating.
Starance, Evercore will have milked £4-6m and the lawyers about half that IMO.
latest half year report regarding fuel says:
CPS (including fuel) increased by 5.9% from £59.47 in H1 2017/18 to £62.96 and on a constant currency
basis1 increased by 2.6%.
CPS (excluding fuel) increased by 4.0% from £51.97 to £54.06 and on a constant currency basis1
decreased by 0.1%.
That is not enough to sink the company and fuel costs as a portion of seat cost was decreasing year by year before this.
https://www.flybeplc.com/application/files/8915/3253/3125/Flybe_Annual_Report_2017-18.pdf
I don't accept that increased fuel prices, credit card killing working capital and pension costs sunk FlyBE. There is more to this than what they are attributing blame. they are just using reasons which sound plausible and which they don't expect outsiders to challenge.
How the hell does this part of your post have anything to do with flybe
PS
"Grimp
Grimp 62 (Reconnaissance and intervention group in dangerous environment for the northern French region of Pas-de-Calais
if its considered dangerous to board a docked ferry containing migrants that it needs a police para military
hit squad"
Maybe LSE forum would explain how it relates to FLYBE shares and your 6% fall. You are suggesting the share price falls due to the above, I call it rascist and
I wonder what Flybe Group PLC has outstanding, big paychecks for the directors? Anyone got some insight there?
The vote will be interesting.
Look on the bright side. We will not ever invest in a loss making company again.
I intend to email it to COW and Laffin , once I have had a further conversation with some lawyers , later today - they have having a gander.
She says "Most of our bookings for our flights are Customer booked less than 3 weeks before the flight."
I don't understand how Credit Card companies could have brought down the company. They were holding credit card payments for only 3 weeks. They have no reason not to release the cash after that.
She also blames fuel prices and if this were a company with a lot of Jet airplanes but this is company which runs mostly Bombardier Q400s on short routes where the planes are on the ground not burning fuel a lot of the time.
After the ATR42/72 the Q400 is about the most economical plane in the sky burning a fraction of the fuel that a modern 737 or A320 woud be burning although CASM would be near similar.
She mentions 1300 pensioners but not 1300 pensioners were dependent on the company continue running, only a tiny fraction of them are in that old pension scheme.
If the company was loosing money then the wage bill should have been cut and people let go but instead the shareholders were wiped out.
Tav. Data Theft is fraud, anyone at FLYB or there advisers sharing information with Cyrus, Virgin or Brady entering into contracts with Cyrus to set up a OFC via Luxemborg to the Cayman islands, is classed as Data theft.
FLYBE would have to notify the market they supplied Evercore, Stobart with Data , Cyrus using the Data is a fraudulent act the same as Brady of Stobart using information gleened from Laffin and COW.
I would imagine Mr Tinkler is very much aware of what Brady as been upto.
NDA signed by Stobart will be found to be breached by Stobart /Brady.
Evercore can not represent FLYBE while under contract to Virgin, and they were under contract to Virgin. Cyrus acting with Richard Branson while sitting across the desk from Evercore is commercial contract fraud, the same as Cyrus acting with Brady is commercial contract fraud.
The internal fraud Laffin ? engaged in is not only criminal, it means USA regulators can frezze assets of Connect, its OFC set up and Stobart, with Flybe.
Crunch meeting today to determine Flybe’s future
http://www.travelweekly.co.uk/articles/325512/crunch-meeting-today-to-determine-flybes-future
Silly ? did you send it COW or Laffin at HQ or robbing bastrds
The basis is false market because of misleading info leading to loss of money.
I used their letter before claim template - cost £3.
Tav - any particular form you recommend on this site ?
Jessie, you seem to lack any ethics , but if you want to take that attitude carry on.
Time spent with lawyers and regulators is never wasted, suggest you look up och ziff, then maybe your eyes will be opened. US regulators do and follow through on.
As for your comments on watsed money, no capital expneded that helps to get fraudsters dealt with is a wasste of money and what makes you think US lawyers who act with US Regulators charge :)
Enjoyr your day, I will cetrtainly enjoy mne and this week in the US.
Taverham. From experience certain jounalists seek to make a name for themselves and there mates. its not Klienman first dubious action with UK listed stockmarkets and that is noted by lawyers in the USA.
3 mins 40 secs ish
https://www.bbc.co.uk/sounds/play/m0002sw3
Unchallenged by shareholders interests ?????!!!!! Hmmmmmmmmmmmmm