ironjack5, I am inclined to thinking a loss of 40 to 50% would...

ironjack5,
I am inclined to thinking a loss of 40 to 50% would be on the cards with the consolidation but why would director buy such a large parcel if he didn't believe this new venture was not going to be profitable and the SP was not going to go up?
lahlah might write he is on some good drugs but his confidence in FOY could be somewhat more founded than yours on the trading forum awhile back.
I have held this dog for years and was ready to jump at loss but am now holding solely on Palmers purchases.