Member Info for Starance

962, no one is perfect... not a single person on this planet.

No, screw the media... never had a good experience with them.

Our fighting chance is with the big shareholders. What are they doing to stop this, if successfully, what's the plan afterwards? I'd imagine the loan agreement would be paid back, with whatever arrangement is agreed. Afterall, it was to satisfy the credit acquirers. What's our current predicament now... still financially in trouble or staying afloat thanks to that loan agreement?

Pianista, Taverham

Only people that were privy to that information in December was the consortium :D wonder what they were contemplating there offer to be before then...

ifluaj, Regardless of what was said by the board... the consortium were well aware of the grip being squeezed by the acquirers in December, more to the point the board required more money, £20m as a result. The markets were not informed. If we were, the share price would have taken a hit, but I doubt it would have been as hard as it was when the 1p slap in face offer was announced!

I know, Eric Kohn is there choice for chairman but Tinkler as CEO?

I may buy back in on Monday, or wait a bit. Sold at a big loss but with the possibity of a new chairman that can investigate what’s been going on, there is a chance this could be turned around - perhaps Hosking will be chatting with Tinkler.

Things are looking interesting now... still, very risky but positive.

I'm going to speculate;

"Flybe received a number of expressions of interest. These expressions of interest included proposals for the acquisition of Flybe as a whole and also for parts of the business or certain assets. After initial discussions with the interested parties, Flybe shortlisted a smaller number of potential offerors to conduct initial due diligence based on a range of criteria, including deliverability, financial capability and strategic fit."

I bet at the time Flybe's board selected these potential offerors, which became the consortium, they were made aware of the credit acquirers squeeze and demand - hence why the £20m loan facility came about!
So, if they were informed, likely around December when Connect Airways was registered. Why were we, the shareholders, not informed? Why were we informed when the offer was made public - a double whammy.
The board should have informed us when the consortium were made aware.

SoulDoubt...of course it was in public domain. September 30th they had 16.4m? or thereabouts. It was a going concern, we should have been updated on that going concern - we were not, not until the offer was declared!

Fastfood, I know that with divestment.

https://www.flybe.com/application/files/8115/4756/9855/SPA_for_Flybe_Ltd.pdf

Fastfood, what do you mean by Flybe divestment? I may have picked you up wrong here... but from my understanding, that is selling of flybe limited, flybe aviation services limited and flybe.com. So, all that's left is flybe group plc. What do you mean if divestment works?

LOL Big Investors... who? There has been large volumes yet no RNS. Sorry, there isn't any big investors but people are being mugged.

@Fastfood, with this board... I wouldn't be surprised. Turn around and tell us that the £1bn offer was not to their satisfaction LOL

Surely, surely the board should have informed us that the credit acquirers were demanding more cash... why inform us on the day of the offer by the consortium? Obviously, those of the consortium were aware of this otherwise I bet that 1p offer was much more.

I haven't bothered to look into things in regards to Flybe Group, if the 1p bid was rejected, does it have some ties to Connect Airways in someway?

Flybe, with a £700m turnover... some restructuring from competent people, is a wellworth investment (Why I invested) hence why Branson has his hands all over it but with the shareholders excluded from any reward. With that said, I don't see how any bidder could turn this around now... as it's done - unless I'm missing something.

FastFood, save jobs? Just a headline. You know it. It's a steal, thats why Branson is involved. It's what he does. They'll turn it around and be awarded big.

Flybe's board, a disgrace.

As stated, a steal.

That's it.

If that b*tch hadn't constructed here RNS in away that she did, sticking her fingers up at us shareholders with her "Divestment"... I would never have sold my holding! A absolute scam! As if her intentions were to sink Flybe Groups Share Price. A Bloody joke - a bitter taste... seriously considering using my legal fund on my own behalf. Sell the computers, uniforms to clothes4cash, staff phones, printers, desks, chairs etc don't care... it's a bloody joke.

jsmith, it's surreal... it's not long until it's back to where it dropped from pre-offer. Imagine that.

Indeed jessell - I wouldnt. The offer is 1p. The offer can still be rejected but the sale of the company has already went ahead. Basically the consortium want to take this off the market by giving 1p per share. If they do not, what does that mean... I haven't checked, does that mean those holding Flybe Group share still have some claim to any success by the Consortium efforts to turn it into a profit making business?

@CanonGuy, it had. Obviously since then it’s dwindled to the point of desperation... or so we’re led to believe.

Well, she has sung ;). It’s to challenge it now.