Earl Fray, father of Jamaican hijacker Stephen Fray, and whose gun was used in the process of his son’s hijacking of CanJet Flight 918, will reportedly be charged by the police with ‘negligence caused in the theft or loss of a firearm’. Stephen Fray reportedly stole his father’s gun and used it during the hijacking.
At least one shot was reportedly fired from the gun (a .38 revolver) on the aircraft during the hijacking, and it is expected that the police will recommend that Earl Fray’s firearm licence be revoked.
In Jamaica Stock Exchange activity yesterday (May 7, 2009), here were the major movers:
Seprod Group of Companies Ltd. ended up 5% (closing price – $14.50). Good results are seldom delayed; as such, Seprod impressed with theirs which was released earlier this week. For the first quarter of operations, gross profit of J$695M (growth of 31%) resulted from revenues of J$2.483B (up 24%). The real extraordinary boost to profitability came in finance and other operating income, which was buoyed by foreign exchange gains, and amounted to J$313M, an increase of 243%.
Supreme Ventures Ltd. ended down 5% (closing price – $2.20). The just concluded budget debate has brought and popularized two terms in the national psyche – rolled oats and sin taxes. While a definition of the former will hereby be deferred, sin taxes relate to taxes levied by the state on goods and services that are regarded as vices. These are mainly alcohol, tobacco and gambling. It appears though that Supreme Ventures has escaped additional burden this year.
