Resimac along with Bermuda National Limited (BNL) has entered the fight for control of Firstfolio. This group now has 11.63% of the shares on issue, looks to have picked up a further 3.0M shares so far this morning and we have buyers @ 2.7 cents wanting a further 63 million shares - it looks like this relates to Resimac/BNL.
Resimac has sought FIRB approval so that it can proceed to increase its shareholding above 15%. As a consequence the sellers have dried up and very few shares (in dollar terms about $100,000 worth) are on offer below 3.5 cents. Interesting times.
The independent directors believe that the Resimac offer is inferior to the current Recapitalisation proposal, however, I don't believe they are taking into account that the Resimac offer will result in a much reduced number of shares on offer compared to the planned Recapitalisation proposal.
Let's see if either party decides to get aggressive and improve their offer/proposal. There appears to be plenty of room for them to do so.
DYOR
- Forums
- ASX - By Stock
- FFF
- resimac
resimac
-
- There are more pages in this discussion • 3 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 FFF (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $2.752M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $600 | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 0.011 |
3 | 387638 | 0.010 |
2 | 315192 | 0.009 |
3 | 295000 | 0.008 |
2 | 272857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 100000 | 1 |
0.013 | 487626 | 2 |
0.015 | 98599 | 1 |
0.016 | 1810007 | 2 |
0.018 | 1500047 | 2 |
Last trade - 10.03am 30/08/2024 (20 minute delay) ? |
Featured News
FFF (ASX) Chart |