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Fastjet going down the plughole as Sir Stelios wipes the floor with the board in PR battle

By Tom Winnifrith, The Sheriff of AIM | Friday 25 March 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


On 22nd March Sir Stelios sent to Fastjet (FJET) the letter which appears below as he upped the ante big time. The response of the Fastjet board has been lamentable with two holding statements and no outright refutation. No wonder the shares have collapsed to 27.5p. It is going to get worse. The target price is 0p or near as damn it.


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