Thursday, 30 May 2013

FLYHT – Sleeping With Elephants – The Howard Group’s Perspective

FLYHT Aerospace Solutions Ltd.  
TSX Venture: FLY  
Shares Issued: 140,386,166  
Fully Diluted: 179,132,626

*******************************
 
 
It is normal practice for The Howard Group to provide a detailed “Perspective” after engaging with a new client. The commentaries discuss why we have chosen to align and invest in a company.

In the case of FLYHT, which was a re-engagement, we wrote last November that our “Perspective” would be delayed until there was clarity on new funding to support multiple initiatives that are underway.

In context of this week’s announcement that $2.1 million had been raised through non-convertible debentures, we now present our “Perspective”.