Holders are screwed no matter what option is taken. I doubt the raise will be to large - a mountain of shares would be hard to move in this market especially given what has been going on. Would think that with a current around $55 mill cash available that not a lot more would be needed. Still we have had negative surprises before. I would prefer to take my chances with a continuation of trading and some fresh senior Board members. No matter what holders get screwed. The bigger the raise the more painful the screwing. But it gives us a chance of some return when short term targets are made and the market recovers. No rumours likely means little progress towards the raise. When it gets close rumours will fly.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
