Shares in FastJet (FJET) have today left the AIM casino so are now untradeable, as well as essentially worthless. Remaining investors face mega dilution or administration or most possibly both. Having warned folks extensively over the years about an operation first set up to smuggle tobacco and which just could not turn a legitimate cent, I feel somewhat vindicated. But there is more… Citigate Dewe Rogerson and the half to £1 million of shareholders cash spunked on nothing!
last few messages from ii below 3rd last 1st August , then 20th then today will not let me post winny inappropriate language ??
FJET… XXXX “An amazing story†Looks like i first bought this 25-08-16. ( From a page below ). Bad pick made even worse as sold Aldermore to buy it.
Ripley944d3 FJET… XXXX From Share Prophets news… lemon fool site 19 days back good advise thus far ? Fastjet (#FJET) – set to require additional cash of “at least US$1,500,000 before Novemberâ€, AIM delisting after tomorrow One month chart no real movement but been showing up and down huge amount many days. Today down 16% with a 50% spraed. Today it gives 0.02p on here . image
FJET… XXXX Came accross this on lemon fool site. MrC’s Smallcap Sweeps. 3rd July 2020. Looks like that was time to take a loss on it . “The only way to avoid mistakes is not to invest—which is the biggest mistake of all.†Sir John Templeton “Learn from your mistakes.†John Templeton Farcejet (FJET) co will continue to have sufficient resources to meet its operational needs until the end of Aug.“If flight operations do not restart to sustainable levels by the beginning of September or the Company is unable to access hard currency from the Reserve Bank of Zimbabwe through repayment against the Company’s historical legacy loans, it will cease to be a going concer
no longer linking to ii will not paste copy either .
Equity Development note this morning: "Hindsight is a wonderful thing. 12 months ago Fastjet Tanzania was riding a ‘crest of a wave’ having out-grown the capacity of its three A319s jets, raised $75m via a placing at 100p/share and delivered higher ticket prices, load factors and utilisation rates. All told, the company’s low-cost carrier (LCC) model was going down a treat with cashstrapped African travellers, who previously had to endure poorly connected and expensive air travel. How things have changed. During H2’15 the Tanzanian economy literally fell off a cliff – negatively impacted by weaker consumer/government demand due to the presidential elections in October, a 24% fall in the currency (Shilling vs US dollar) and lower commodity/oil prices" From ResearchTree
Yes it has just entered Kenyan airspace, ETA 118
Huge news. on sale from today and daily from 11th Jan. Complete game changer.
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