FDM
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0.00% 1.1¢ freedom oil and gas ltd

So existing holders are giving the opportunity to buy 8 times...

  1. oakeyflat
    551 Posts.
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    29/01/20
    06:58
    Post #: 42612667
    So existing holders are giving the opportunity to buy 8 times the number of shares they already hold at a "bargain" price. Will please forgive me if I don't take up my entitlement. The offer will be well undersubscribed, and Ramas as the underwriters will end up holding a very large chunk of the company - perhaps even a controlling stake.
    FDM Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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