Is there any sense in taking up the FML offer lets say all on the last day i.e. tomorrow and then allocated /accept the TGM offer?
The end result being equal $ holdings in both? TGM states only holdings on the 21 Dec.(No reason for current FML SH not to take up more than original as unlikely all SH will buy.This leaves open the possibility to transfer pre 21 Dec FML shares to transfer and get a substitute batch tomorrow 23 Dec.)
For clarity say 100 shares in FML. Buy the full allocation of 100, then take up TGM offer with the original 100 transferred. Ok.CGT event maybe for some..but it is still $ in pocket. (Again could instead of 100 ask for 200 and see if you get the untaken up allocation.
Yep..running out of ideas here because FML has been somewhat of a clown show (recall lease stuff up) . I fully expect they will do as they say, and also what they have not, which is once they get a cash flow somewhere down the track they will make a pathetic offer for100% control.
For TGM that has 1% to get to 10% they need 18m. Guess who has 18m spare? Could it be that TGM want to soak up as many disgruntled shares first using only paper, then take out the LM3 - if somewhere somehow they have a backer with a spare $4.5m max or less depending on how many disgruntled take up TGM? Could the whole thing be about TGM getting 10%?
- Forums
- ASX - By Stock
- FML
- Ann: Update on Non-renounceable Entitlement Offer
Ann: Update on Non-renounceable Entitlement Offer, page-14
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FML (ASX) to my watchlist
|
|||||
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $2.952K | 22.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 52678 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 0.135 |
1 | 3848 | 0.130 |
1 | 33474 | 0.120 |
1 | 10000 | 0.110 |
1 | 5871 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 52678 | 3 |
0.145 | 41700 | 4 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
Last trade - 15.58pm 16/08/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |