EIF pays a dividend it doesn’t earn or cash flow while the CEO of Calm Air, one of EIF’s airlines, had to apologize at a Thompson Chamber of Commerce meeting last week because Calm Air was “in a state of “financial distress” that affected the quality of their service.”
He admits that “their flights have only arrived on schedule 55 per cent of the time.”
The cowards at EIF have yet to answer any of the issues. Mike Pyle traveling around Toronto yesterday to pump the stock with selective disclosure to sell-side and big holders is not an answer.
It’s time to end the cover-up and come clean. Mike Pyle needs to resign.