OK, I've read the prospectus. I've looked at the website. I am sceptical. I note that "a copy of the full financial projections covering the first five years of business may be obtained rom the Director of Finance upon request" and I think I'll be asking for it - based only on the scant numbers and cursory business case presented, I would not invest the head off my Guinness (sorry).
A couple of points if anyone from the company is reading this:
- the outline map of Europe on your website has clearly been "borrowed" directly from the map on Ryanair's website. Careful or MO'L will have you for copyright infringement.
- your "destinations" route map is a bit confusing. All of a sudden, Gatwick has appeared (services to Kerry and Dublin) but I see no reference to it elsewhere in your prospectus. Also, I can apparently fly from Kerry to Birmingham but not from Birmingham to Kerry.
That one I'm sure is just a glitch...
- ...but, rather more seriously, if Birmingham is on your agenda, then why (contrary to the statement in your prospectus) are there no post-handback slots held in your name at BHX? You state there that the IATA slot conference at Vancouver gave you slots for (among others) Dublin, Kerry, Cork and Knock to Birmingham. While this is true, I also know that as of last week you no longer hold any slots in Birmingham, and thus the impression given in your prospectus is a little misleading...no?
Might the prospectus not need to be updated - you wouldn't want people investing based on out-of-date information, would you?