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I emailed Ricky Sitomer today regarding FY2023 financials and he replied.
He says that they will be filing financials by Friday, March 29th. This would be the same time frame as last year.
Share price at 52-week high!
Is it meaningless or is something significant going on? C'mon Ricky, say something!
Are we seeing lift-off?
Price is now beyond the six-month high. Since there's been no news for almost a year now, I wonder what's driving the price rise? Manipulation? Insider buying? If revenues are still increasing then the market cap should be well above where it is now. Is that what some people are thinking?
Annual Report released on 3/31. Listed on OTCMarkets
Q4 Revenue works out to about $3.8 million vs. $2 million in Q4 2021, an increase of 90%
Full-year 2022 revenue came in at $17 million vs. $11.2 million for 2021, an increase of about 52%
The only thing they badly need is an infusion of more capital to fix their balance sheet. But it looks like Ricky is working to solve that.
But you should still be left with the value of the shares before the R/S.
Given JETR's prospects I don't think that a reverse-split will have the same negative result that we usually see with penny stocks.
[-chart]www.stockscores.com/chart.asp?TickerSymbol=jetr&TimeRange=275&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=830&ChartHeight=500&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=RSI&Indicator2=BBW&Indicator3=AccDist&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen[/chart]
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Star Jets International was started by executives who were frustrated with the high cost of fractional ownership,
the lack of charter jet aircraft options in the marketplace and the membership gimmicks offered by most other private aviation companies.
Fractional Ownership programs and other membership programs work for the aircraft owners to get their planes in the air.
Star Jets International works for you, the client, and not the aircraft owner to secure for you the BEST AIRCRAFT at the BEST VALUE.
We also offer the most FLEXIBILITY in the marketplace by giving you the option to change your aircraft for your specific needs for each individual flight.
One day you might want to fly your family of 4 to the South of France for a summer trip and another day you might need a business trip
for 14 people to visit a manufacturing facilities or real estate project.
Whatever the need, we will secure the best aircraft at the best prices and we will give you multiple options as well.
Tower 57, 135 East 57 11th Floor
New York, NY 10022
