Global Crossing Airlines Inc. (JETMF)

[PotterBanker]

Everything going in the right direction. I was mostly noting that the failure of the first lease agreement and the change in mgt had delayed their initial plan.

Initially they were going to be in the air before the end of this year.

I'm a buyer here at the lowest prices, I'm just not all that sure we've seen the lowest prices yet. And still some time through the holiday season with not much to crow about till next year.

Volume very low, even on that fresh news.

Nibbles while accepting you may need to buy more lower to average in could be a good hedge in case it gets some volume here and we don't see .34 again.... I just don't see the increase in volume coming right away.
(cheapo nickel nurser view lol)

One question that could matter; Will they need to do another bought deal financing before they actually get to selling tickets and flying airplanes?

Last financials show them with C$4 million cash as of June 30. They're burning about C$1.5 million per Q so they would have about C$2.5 million in cash currently. They just paid another C$438k to the lease company.

I think they will need more cash before the end of this year.

From the last MD&A
"....however further funding, in the form of debt, equity or other facilities, will be required to meet domestic licensing financial capability requirements and to complete the build-out of the airline with aircraft, personnel, inventory, training, paying necessary up-front deposits, finalizing sales and administrative systems and other launch activities."

Will that matter in regards to the stock price now, or in the near future? I have no idea. Just another thing to consider.

GL with your position in Jet. I will be joining you as a shareholder again, just a matter of when.

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00005878&issuerType=03&projectNo=02813958&docId=4377922

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00005878&issuerType=03&projectNo=02813949&docId=4377910