On January 9, 2019, Global Value Investment Corp. announced that it has delivered an open letter to the Chairman of the Board of Directors of Bristow Group Inc. expressing its objections to the proposed financing of Company’s planned acquisition of Columbia Helicopters, Inc. Global Value stated that between 33.0 million and 33.5 million shares of Company’s common stock will be issued in order to consummate the Columbia acquisition and compared to Company’s November 2, 2018 outstanding share count of 35.8 million, it represents dilution of approximately 93%. Global Value expressed its view that Company's common stock trades at a steep discount to the Company's intrinsic value, and that several strategic alternatives exist to unlock shareholder value. Further, Global Value stated that it is prepared to work collaboratively with Company's Board of Directors and other shareholders to advance such alternatives otherwise it is prepared to take all actions it deems necessary to ensure shareholders' interests are fully considered and protected.