Umpah, other interesting questions are: who are the 'partners' in 'Patriarch Partners' and how much control do they have over how LT invests their money? There has been investment into MD Helicopters since Patriarch Partners acquired it, but where have those funds come from. LT is not in the habit of actually investing her own money but generally invests other people's money. I wonder if the other owners of MDH invested as well or if their shares were correspondingly reduced?
It seems that it was LT's intention to stage an 'apparent' recovery of the company and then 'flip' it, but a combination of events precluded that. In the meantime, MDH's product line has grown older and has lost much of its previous value to most of the potential buyers. Will LT manage to pull off a US Government contract for helicopters which might rescue the company? With the decline in US government spending that seems unlikely.