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First Substantial Shareholder - Farjoy, page-14

  1. 4,719 Posts.
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    Here is my take on where Farjoy's holding presently is and what it cost them.

    On the initial subst shh notice there were two blocks of shares (1,000,000 held personally and 1,145,800 relating to shares purchased up to 4 months earlier for which the purch price was not disclosed.
    I assumed 4c for these but its immaterial to the overall calcs anyway.

    270,000,000 shares costing $27,223,219 (assuming my addition of the $ numbers is correct). Average = 8.4c per share

    Then, assuming they took up 10% of the CR @ 11c. (They can't have changed their % held by more or less than 1% or we would have seen a new subst shh notice).

    312,496,169 shares (10% of total shares issued) costing $27,223,219. Average is now 8.7c per share
 
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