As I said the contracts were carried out in South Africa under South Africa law. This has been set up purposely. Which ever way this goes Solenta gets the planes and the brand Simple ! The clever part is that not only the questionable debt to Solenta allows Solenta to take everything....but there alleged lose of a company collapse goes against tax. Hey they don’t need shareholders any more. As they say the best way for the company to survive is as a private entity. Being owned by the hurst brothers. If this runs through at best shareholders may.... get to own part of a company that they can sell as there is no platform to do so. This is typical of smart arse people doing what they want.... rather like Flybe. Anyone that thinks Liberum are free from guilt is a fool. Clearly they have not acted with due diligence and care. You will always come back to the action and relationship of the two brothers. They did not distance themselves and behave in a transparent way clearly beneficiaries of any outcome We told you all this... hey comments like go play on the M25 and threats to break our legs are coming home to haunt you now. You were warned. They were sitting in South Africa laughing at this unfold. To get this through they need an additional 17% approval. That has already been sorted. Ask your self who has been buying the required 17% in the last 3 weeks ?? So is this why the company issued an RNS stating they knew of no reason why the increase in share price...... so that legally they could get the delisting through..... better still so the required 17% could be bought cheap! Done deal Hurst Airways opening soon.
Look, the South African government raised concerns years ago. We know what is going to happen for fact. Solenta is a private group. The hurst brothers have control of both. It costs money to build an airline. In this case shareholders paid over and over. The happy clappers can not accept that effectively Solenta and fastjet are one of the same. You all think it was about getting survival funds from Solenta. It never was Solenta have legal charges on everything. They were never going to finance this. There future is grabbing a cheap airline and have all the financial gain. Did you not think it bizarre that the way Solenta gained such a controlling shareholding ? That despite several, no many times they said they were going to go bust but always managed to keep going to the next demand ? The way fastjet so readily gave a jet to Solenta to pay of what previously as described by government ministers questionable rates for maintenance charges ? Look even there own broker quickly distanced themselves. How the plan started going wrong a few weeks ago when the share price almost reached a penny. Look what company would object to the share price going up ?? Well now you know why. Because for this delisting plan to work the share price had to be kept low. The buyer of the shares are the people who will see this grand scheme voted through. Think about it government ministers were objecting to why Solenta were charging $200,000 to maintain a plane when the maximum going rate was $40,000 You can soon put a airline in to debt at that rate. There is far worse to come. Watch this company Phoenix rise again under the management of the hurst brothers. English law..... what nonsense... there will be know claims here. Shareholders well and truly stuffed
OMG. YOU WERE TOLD I TOLD YOU ! This is why they issued an Rns to keep the share price down. The hurst brothers are laughing. Solenta owns 60% they only need 15% more. And now you know who has been buying the stock and why. You were told. Where are the happy clappers now. Fraud is an understatement
You were all told and chose to be aggressive to me. You were all told about the very very close relationship between Solenta and the management of both companies. The over charging etc etc etc. Let it be a lesson to you all. What fools you were for not listening. I do hope the happy clappers hang there heads in shame.
We think this clearly sums up the future proposal...
Meanwhile, the proposal to restructure is aimed at becoming a capital light business operating as a franchise house that would earn revenue through the Fastjet brand and provide airline management solutions, while also continuing to hold its investment in the FedAir business.
This means there won’t be a fastjet airline as such owned by fastjet. But a prospective franchise
Fedair is only charter taxi with planes being leased when needed. . IF the tourist market picks up again.
So all the talk about flights restarting would become irrelevant if the deal does go through as they would go to Solenta.
Non of the posters have commented on the obvious. The major shareholders has completely changed. Whilst at one stage M&G were the largest independent investor now this role has been taken over by 4 other major investment groups inc Hargreaves lansdown. So on that basis clearly these groups are of the view of a good return !! What also is noted that non of these increased holdings came out as an RNS even when this exceeded 5%. On another note substantial amounts of stock were impossible to buy this morning by our group.
Fantastic to see breakfree squirming....well done guys! .......share price now collapsed from that when you made your invaluable comment.
What an idiot you are...... still wrong and talking tosh... This company is done... Takeover... Flybe was taken over and look how many investors lost. Solenta already own a controlling share. Would not IF they decided to takeover just walk all over the small investors. Writers are valuing the company as it is. The value is not as it is to consider but the secured debt value that’s important to Solenta and the hurst brothers. Read a previous thread... the value of the company is in its share price. It’s quite conceivable that fastjet don’t want the share price to go up as then any purchase of stock by a Investment group Would cost more. Why on earth would a company produce a RNS stating its knows no reason for the share price increase if it was not to pull the price down .....