With ambitious plans to create Africa’s first pan-continental airline, fastjet will bring
international standards of safety, quality, security and reliability.

Low-cost is quite simply the avoidance of costly frills, offering customers the lowest possible
fares in addition to pay-as-you travel extras. This affords passengers the flexibility to pay for
additional services such as a bag or refreshment rather than having to pay for it regardless
whether you want it or not.

Importantly fastjet low-cost definitely does not mean low quality. Despite the many challenges
that exist outside our control we will be open, honest, transparent and communicative to
ensure that your travel arrangements remain with the least amount of interruption.

------------------------------------------------------------------

Sir Stelios Haji-Ioannou, the founder of EasyJet, is set to launch a low-cost airline in Africa this year after taking a 5% stake in a new venture FASTJET PLC.

The easyGroup tycoon, who is embroiled in a long-running boardroom battle with easyJet, is backing a carrier that will operate under his Fastjet airline and be run by former easyJet executives.

Fastjet will operate from Kenya, Tanzania, Ghana and Angola. The ambition is to carry more than 12 million passengers a year, from the 500,000 at present, by cashing in on demand for regional travel from a burgeoning African middle-class.

Haji-Ioannou said the move would help bring low-cost air travel to more Africans. "This is another small but significant step in bringing the dream of low-cost air travel to millions of people in Africa – the aviation industry's last frontier. Past experience shows that by halving fares, a successful low-cost carrier can encourage those people, who have never previously travelled by air, to fly."

MRSI - now a premium payer!

and now repeating the same post for the 5th time >>>>>>>>>>>>


mechanical trader 11 Jun'13 - 14:21 - 4156 of 4201 0 2

Would you put up 20m given the board have just said......

The Directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the Group's ability to continue as a going concern and that, therefore, the Group may be unable to continue realising its assets and discharging its liabilities in the normal course of business

no wonder everyone is Filtering ( goldfinger/mechanical trader ) at ADVFN>>>>>>>

5Jacko 11 Jun'13 - 14:33 - 4160 of 4204 0 0

mechanical trader 11 Jun'13 - 14:29 - 4159 of 4159 0 0 (Filtered)

Garbil 11 Jun'13 - 14:49 - 4173 of 4204 1 0

mechanical trader 11 Jun'13 - 14:45 - 4171 of 4172 0 0 (Filtered)

You beat me to it skinny! (plus other aliases). Amazing how he just can't stay away.

no wonder is not here very busy arguing there.

Someone is a INSANE the worse of it (she/he ) does not know yet it seems >>>>>>>


mechanical trader 11 Jun'13 - 16:26 - 4205 of 4209 1 1
Believe me rajstar if he hadnt lost
his bottle he wouldnt be posting here.

Hed be stuck with his mates, saftey in numbers
on his own mug traders thread.

TOPINFO 11 Jun'13 - 16:27 - 4206 of 4209 0 1
ha ha nice try MT but wrong again. LMAO

mechanical trader 11 Jun'13 - 16:28 - 4207 of 4209 1 1
Falling further topinfo, get your rubber
kecks on.

mechanical trader 11 Jun'13 - 16:30 - 4208 of 4209 1 1
So busy on IG taking shorts just had to
switch to phone only D Jones reports.

mondy and your point is????????????????????????????????????????

Or are we all supposed to agree with you and your bull lemmings on this stock?????????

No spam whatsoever, Ive gone short and have an opposing view to you.

Now if you cant take that I suggest you arent cut out for this business.

Nip Down Hills or Ladbrokes, that will better suit your purposes.

Well into profit for the day.

Not that it means that much on this chart, but it looks like a bearish engulfing...

Looks to me like mondy is using multiple user names.Naughty naughty.

re - mondy and your point is?

My point is nobody likes shorters and the antics of ( Evil Knivel ) but he is a saint compare with the spam you are posting at ADVFN.

I am in since 0.70p, and first time here, but live is too precious for me to do what you have been doing today at ADVFN, Maybe 50 post if not more, repeating and negative points when there are plenty of positive aswell, meaning you are vias because you are short ( saying today ).
-------------
mechanical trader = goldfinger

mechanical trader 11 Jun'13 - 19:48 - 4233 of 4286 0 1
For those who have misssed it....

KPMG CONCERNS........

Concerns over the future of fastjet

3 June 2013 | By Patrick Whyte
Auditors have expressed “significant doubt” over whether no-frills African airline fastjet could continue to trade as accounts reveal sizeable losses.


mechanical trader 11 Jun'13 - 21:18 - 4255 of 4286 0 0
he he ha ha when I get you upset
I know you are worried.
SMIRK

cygnet4 11 Jun'13 - 21:20 - 4256 of 4286 0 0
MT - what sort of sad person comes on to a BB to upset people?

pwftrotter 11 Jun'13 - 21:42 - 4272 of 4286 0 0
mechanical trader
Another tosser filtered !!!!

brando69 11 Jun'13 - 21:49 - 4275 of 4286 0 0
not sure why i'm even engaging with you to be honest, you're probably w*nking into your pot noodle tub, while typing.

for the record, 'expert shorter' Mechanical Trader shorted Northacre (NTA) all the way from around 30p to 120p... yes, he's that good.

Thanks mondy about ADVFN

For all to know

My short research shows

goldfinger..... is a hated poster on ADVFN with multiple - aliases - " trendfloor " then " mechanical trader " once he/she has been bared from different threads.
Has a disgrateful war/hate with -Tara - a poster that has open threads with shares than more than double on a very short term. ( NTA - PTO )

Anybody else yet grasped mascot = mondy??????

ohhhhh dear.

And by the way post as much as you like here from over the road, I couldnt give a jot, in fact its saving me time i have nothing to hide just placing facts down from official company RNS. You wouldnt be so defensive if you didnt realise yourself how damaging the companys recent official news is.

The more you complain the more confidence it gives me. Both of you (not), are you identical twins?.

And I dont post with two user names as per you are doing.

ps, as for supporting Tara, a bloke who posts as a women fraudulently to get the nieve male support votes, just shows what an inexperienced fool you are.

Bring it on.

Lopped the top off my profit here before close, at most can only lose to breakeven with my guranteed stop.

Not going very well is it TWINS.

Always a good sign when you see topinfo and crowd ramping a duffed up stock.

Mind I did warn you on day one.

Sickly Chart.......

Nearly re-traced 100% on the FIBONACCI chart........

Issue of Equity

In accordance with the Convertible Security Deed entered into between the Company and Bergen Global Opportunity Fund, LP ("Bergen"), the details of which were announced to the market on 8 March 2013, fastjet announces that the Company has issued 70,000,000 new ordinary shares (the "Conversion Shares") to Bergen in respect of £770,000 of the Convertible Security. The Conversion Shares rank pari passu in all respects with existing ordinary shares in fastjet. Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to take place on 17 June 2013.

Following issue of the Conversion Shares the Company's enlarged issued share capital is 2,510,563,414 ordinary shares with voting rights. This figure of 2,510,563,414 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Fastjet announced the cancellation of the Convertible Security Deed with Bergen on 10th June. The conversion above relates to the previously issued convertible security as announced on 14 March 2013.

FIB CHART.......

http://mycharts1.webs.com/fastjet%2021.JPG

13 June 2013
fastjet signs Memorandum of Understanding with Red 1 Airways to operate in Nigeria

fastjet plc (fastjet), Africa's low-cost airline, has today signed a Memorandum of Understanding (MoU) with Nigeria's Red 1 Airways Ltd (Red 1), to create a low-cost airline operating within Nigeria and to destinations across Africa.

The MoU brings together fastjet's strong brand, reputation, management experience and economies of scale, and RED 1's extensive local market knowledge within Nigeria. The airline will be branded fastjet Nigeria.

The capital required for this venture will be the responsibility of Red 1. fastjet plc will have a minority shareholding in fastjet Nigeria. A commercial arrangement will exist between Red 1 and fastjet for the provision of the fastjet Brand, Operational Framework and Management Services. Fastjet will provide further details on the signing of binding contracts.

Since launching in Tanzania in November 2012, fastjet has established itself as a provider of safe, reliable and high quality air travel in Africa; fastjet Nigeria intends to bring this same level of service to Nigeria, the most populated country in Africa with more than 165million people.

The fastjet Nigeria management team will be led by Red 1, who will oversee day-to-day operations, while the fastjet plc management team will bring its extensive experience and expertise of the low-cost airline industry to the partnership. Operating within fastjet's growing pan-African organisation the partnership is planned to provide fastjet Nigeria with an extensive distribution network.

Commenting on today's news, fastjet CEO Ed Winter said:

"The combination of fastjet's brand and experience and Red 1's extensive knowledge of the local aviation market and Nigerian business landscape, is a perfect foundation for a great airline. The Nigerian people deserve a new airline offering great value and operating to international standards of safety and reliability."

Red 1 CEO Dikko Nwachukwu added:

"We are excited to partner with fastjet and humbled to be working on bringing Nigeria its first true Low Cost Carrier. At Red 1 our motto is "now every1 can fly" and we aim to make air travel affordable so more Nigerians can choose to travel by air. Our experienced management team has spent 10 years fine-tuning the business plan and waiting for the right opportunity to meet the increasing demand for affordable air travel in Nigeria. The time has now come to partner with fastjet and seek to provide Nigeria with a world-class low cost carrier."

Let the news make the talking ......... not the spam for shorts


Can you believe it, the ( sandwich SPAM ) has disappeared from ADVFN for the last hour and half,
most likely is due to share price rising or maybe the bullish news

--------
enjoy the reading below >>>>>>>>>>>>.

nuri123a 13 Jun'13 - 10:53 - 4468 of 4475 0 0

MT You wound Tailgunner up through an all-out use of offensive behaviour -
no doubt you won't see anything wrong in it. I do!

mechanical trader 13 Jun'13 - 13:11 - 4489 of 4574 0 0

nuri...... ignorant little man blah blah blah blah
blah blah blah blah.

You must be really hurting with the SP dropping
all the time.

My guess is that you have put your house
and the kitchen sink on this one and now
buckling under the pressure. You also using your
wifes savings.

Am I right.

nuri123a 13 Jun'13 - 13:24 - 4495 of 4497 0 0
MT:

I don't think I need answer the first question, as you are devoid of feelings. But anyway, the answer is 'no' as my partner has bunged me a lot of money.

In relation to your second point, I may have less experience than you, but as an Econ graduate, I learnt the number 1 rule of investing, never bet more than you can afford to lose.

In relation to your third point... I am gay... no wife I am afraid and no children = high disposible income.

In relation to all of your assumptions... wrong... on all of them. In fact, you are doing me a favour in making that bargain look better every hour. You go at it. Silver cloud or two in every lining.

So, go on ahead, keep shorting. One day you may find only loose change in your pocket, and if you treat others the way you treat some people on here, you may not have too many friends to turn to.


mechanical trader 13 Jun'13 - 13:46 - 4502 of 4573 0 0
Strange that as I have a PHD in Economics... Manchester (london Road) and I cant recall anything whatsoever on them lines. I also worked for shore capital as resources Cheif Economist.

Perhaphs its because they are making exams
easier to pass these days.

As for my character you are miles off.

I work voluntary online 10 hrs per week for a
charity as an adviser for disabled and ill people
wanting advice on Support and Benefit law. I used to
be a civil servant working as Regional Financial
Director.

Next point I dont need to know that you are gay
I treat everybody with equal respect.

As for loose change in my pocket Ive just
bought a new house outright for £7 million,
i sold my previous one for £9 million and have
a large busines empire so I dont think
ill ever be short of a bob or two.

And yes mcpaulus was right I am a grumpy
yorkshire man (harry hows your cat?) but dont
ever suggest I dont have any compassion
for my fellow man.

I just dont think you are cut out for this
business having listened to you for the last
few days.

Honestly bud Id think about looking elsewhere.

mechanical trader 13 Jun'13 - 13:59 - 4511 of 4569 0 0

Thats the BIG BIG problem. Whilst you all wait,
think of the cash burn each day.

That departing chairman was right..
it all comes down to the Swiss and if
they will stump up.

Come to think of it you might all regret
that guy resigning. He may have been the
key to that finance?.


mechanical trader 13 Jun'13 - 14:17 - 4523 of 4569 0 0
Mikes... I suggest I G index. Go right
down to companys with £10m market cap.

About 6 0thers aswel.

I have 2 brokers who allow it who dont
cover in the market, but they charge more.

mechanical trader 13 Jun'13 - 14:20 - 4524 of 4569 0 0
Yorgi just think what the companys creditors will
be thinking having seen that link.

Calling in may be an option for some imo.

Very risky will want to be at front of que.

hmmmmm so the Swiss are now out of the frame is that correct other than their holding.

fastjet plc will have a minority shareholding in fastjet Nigeria. A commercial arrangement will exist between Red 1 and fastjet for the provision of the fastjet Brand, Operational Framework and Management Services. Fastjet will provide further details on the signing of binding contra.

Now that will be very interesting.

A minority holding...... so how long to break even.

Looks like a poor deal to me compared to what was on the table previously.

Do we smell desperation?