Ann: Application for quotation of securities - FFR, page-4

So looking at the numbers and current share price I thought I would go back and look at the SID.

So based on the current share price of GCY (was 0.43 on SID calculations) FFR would be quite profitable... however at the current share price of 0.335... share holders will actually loose money. more if price keeps dropping.. and with the merged entity being i think somewhere around 0.25 (bases on FFR SID calcs and current share price).... their loss will be great also... making their original 0.12 investment only 0.08. At least your BOD get a big payday.

Lots of carnage ahead