tasspook knows all.
Yep, the CEO bought 2000000 shares last week and subsequently lost 17% over the weekend. What is going on? Strange how the only Helicopter company the new CEO follows on twitter is Bristows. haha. Oh, one other small thing, Scott and Scott (Lawyers) are filing some sort of lawsuit or investigation.
From link in previous post:-
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into CHC Group Ltd. (HELI) (“CHC Group”) related to potential violations of federal securities laws. If you are a CHC Group shareholder, you are encouraged to contact Scott+Scott for additional information.
CHC Group (HELI) is an offshore energy helicopter services specialist. CHC Group facilitates long-distance crew changes on offshore production facilities and drilling rigs. CHC Group also provides search and rescue, emergency medical and repair services for government agencies and third parties.
On January 21, 2014, CHC Group conducted its Initial Public Offering, selling 31 million shares at $10 per share.
On July 10, 2014, CHC Group announced that “starting in April of 2013, Petrobras stopped making payments on contracts to CHC Group and other operators of 225[] [helicopters] in Brazil until overwater flights with those aircraft resumed.” On this news, the price of CHC Group dropped from $8.62 to $7.63, or over 11%.