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20.0¢ firefinch limited

Ann: Request for Continuation of Voluntary Suspension, page-21

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dazaliam

6,219 Posts.

2015

26/07/22

18:31

Post #: 62738350
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Originally posted by ozblue ↑

They are using the term 'finance' not equity, probably well aware they can't raise without full disclosure.

Any finance is going to come at horrible terms, we know that from last year when everything was going well. When a company is in all sorts of trouble, the financiers can small blood. This is going to be expensive to shareholders and if we ever get told the terms it'll seem like highway robbery. That's assuming we can get finance at all!!

Of course the terms are likely to be so bad that one slip up (missed payments etc) and we lose the lot. That's the story of companies in this situation based on history. We need a lot to go right for us shareholders to come out of this OK..

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Dont forget that ffx has a valuable chip to play worth 18% of Leo, that could soften the blow as it will certainly be worth big bucks when out of escrow in 2 years as Leo will be Producing SC6. imo

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

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