Unless you have a copy of this JOA, you are only speculating.
I have seen many agreements whereby after the first purchase, PE right is extinguished on that original percentage.
If this is the case, FAR would be able to on-sell that 35% without triggering PE right for Petrosen and CNE.
There is also another way FAR can get funding - they can issue new shares to the new buyer - say up to 49% of shares in FAR and the rest in convertible notes.
Plenty of ways to get funding
Email from Cath and Ian, page-87
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 07.00am 12/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |
Day chart unavailable