You assuming that FFX shareholders will get a Return of Cash from distribution of cash from LLL Tranche 1 payments?
I would certainly hope that Firefinch has got its financials sorted, and had an Annual General Meeting, voted to approve the $11.5m settlement contribution, had confirmation of the tax treatment for return of capital (cash) and the distribution of the LLL shares to shareholders.
Not getting any definitive replies as to where we are currently, one hand (media) says the deeds have been transferred, other hand says (deed transfer) still on minister Knight desk waiting to secure a investor. Company still maintains it is auditors and sign off as the hold up .. .. .
All the above leads to . . . . . Would you trust the Company with any funds received from LLL?
They also haven't made any attempt to reply to the "alleged" litigation concerning EGFT - they will want to hold enough cash to pay for lawyers to defend any litigation?
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held
