Damning letter by Sir Stelios to Fastjet, the latter threatens legal response
By Tom Winnifrith, The Sheriff of AIM | Friday 18 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.
Fastjet (FJET) has today threatened legal action against Sir Stelios Haji-Ioannou after he published an open letter to the company suggesting it is heading for insolvency and revealing alarming data on load factors garned from "secret shopping" which Fastjet has bee hiding from investors. Naturally I agree completely with the analysis of Sir Stelios. His letter is below: