How is FFG going to be cashed up ? Announcement states that is a cash and script deal but later in the announcement, it states that FFG would net USD 3.17 mil in MC Payment shares, and doing the calculations that FFG holds 17% of iFashion, USD 3.17 mil is our share of the deal. I don't see FFG going to be receiving any cash component. Assuming MC Payment shares can be successfully listed in Singapore, this process would process be another 6 -12 months away. So far the management has talked the big talk but very little tangible results.
FFG should be viewed in its entirety and not just hype. We deserve better.
FFG Price at posting:
4.8¢ Sentiment: Sell Disclosure: Held
