As Tom noted on yesterday’s Bearcast (HERE), Strat Aero has moved into full-on panto mode with a second letter from Mr Hulsey Smith and a response from Strat Aero. Fun aside though, I wanted to take a closer look at the insolvency question and dig into the numbers.
Having written on Sunday (HERE) about Strat Aero’s (AERO) late night shocker of an RNS on Friday, I wasn’t expecting to comment again so soon but Hulsey Smith, the Texan accused of fraud in that RNS, has fought back publicly with an incredible response littered with accusations.
At 4pm on Friday, Strat Aero (AERO) issued an RNS announcing “Corporate Update and Board Changes”. It was never going to be good news was it? It wasn’t – it was an absolute shocker.
Strat Aero (AERO) has announced what it describes as “a significant milestone” in its positioning as a full service provider; its “first wind inspection and data analysis contract utilising its UAVs and proprietary software… with the largest electricity provider in the state of Kansas, USA” (Westar Energy). Sounds good, I’ll read on…
Shares in drone company Strat Aero (AERO) currently trade more than 11% lower today, at 3.875p, despite a trading update including that “the directors are extremely encouraged by the securing of its first orders in the wind sector and also by the willingness of clients across its targeted areas of flood defences & quarries (UK), wind turbines (US & UK), cell towers (Ireland) and education (China) to pay for trials, which if successful, are expected to lead to much larger and longer term revenue streams later in 2016”. The following reviews…
Not a mining company droning on but a drone company with a mine of information - CEO Tony Dunleavy of Strat Aero (AERO) presents at Gold & Bears. Enjoy...
Featuring shares in Strat Aero (AERO), Beowulf Mining (BEM), Feedback FSBK), Reach4Entertainment (R4E), Sula Iron & Gold (SULA) and Tethys Petroleum (TPL) with share price targets set for all six stocks.
My good friend Jim Mellon owns a pub in Notting Hill, West London, The Commander, and if you want free booze c/o Jim roll up roll up on Wednesday at 6.30 PM. Now here’s the catch.
One of the joys of being in London (okay the only joy) is that there is a constant stream of folks popping in to see me all the time and amongst those who wandered by last week was Tony Dunleavy, the recently appointed CEO of AIM casino listed Strat Aero (AERO). Now you may find this hard to believe but Mr Dunleavy said something to me and has actually kept his word.
