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20.0¢ firefinch limited

Ann: Recapitalisation package, page-77

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intelseb

3,525 Posts.

192

21/09/22

13:22

Post #: 63815530
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Originally posted by GARETH78: ↑

Bar a seperate TO offer being made there is not too much choice, unless you seriously want to burn all your equity.

I note there are a few here pushing this. Either far to emotional to be buying shares or have an ulterior motive.

A no vote would mean the BOD would almost certainly put the company into voluntary administration IMO.

It looks like there is considerable accounts payable to be settled.

Plus once contracts are broken statements of claim will be made.

The LLL shares would likely be required to cover all these costs and closing the company down.

Highly unlikely FFX SH would get anything and if they did it would be a long time off. Years possibly.

Anyone who is interested in the gold assets with the escrow LLL shares has been given notice that the company will have another couple of months to run with the $10m

If parties are interested now is the time to make their move.

IMO DYOR

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Objectively your right, there is a better chance of seeing something, but we weren't kept informed re the debt/accounts and are finding out about them now

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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