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20.0¢ firefinch limited

My predictions have been off the mark really, however, If there...

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01/06/23

13:13

Post #: 68078795
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Originally posted by Spekulator: ↑

How do holders see this playing out - happy to hear from those more knowledgeable.....

If FFX put a sale offer to SH, will it be voted on by Ordinary (50%) or Special resolution (75%) of voting.

I believe normally a sale would go through as ordinary, however in this case a vote against effectively is a vote to wind up the company (distribute cash and escrow). A wind up is generally a special resolution vote.

The Funds (Van Eck & State Street) holding FFX stock would want liquidity immediately in order to comply with the funds constitution, and there would be a mix of shareholders/ directors etc. that could swing either way....

Interested to know whether a sale transaction would require 50% or 75% SH support...

As to tax situation, I believe FFX or an IE would need to outline the expected tax position impact on holders to be able to recommend.

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My predictions have been off the mark really, however, If there is no deal before end of this month, then cash on hand bar say acouple mill and the LLL shares will be returned (after escrow). That is what the board have said.

I think though, that the company will remain and eventually become a new outfit via a back door type of listing.

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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