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FM3 firstmac mortgage funding trust no. 4 series 1-2020

Yeah agreed noob. But don’t be disappointed if we don’t go to...

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GuardianAngel8

390 Posts.

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13/03/21

10:12

Post #: 51740027
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Originally posted by Noobtrader1: ↑

I haven't bothered thinking too much about all this, I can see too many gaps in the info, motives and outcomes ,short term and long term.
here's a few and feel free to comment and set me strait.
a. 7.6mil seems light for a years costs...
b. Says in the ann that " the necessary majority voted for the change" why not "unanimous"
c. How do they come up with 100 shares issued for the 7.6m does that mean for example in the future if they require 76mil they will issue 1000 shares or does it stay the same....? Meaning the vendor can contribute this time keeping 30% but skip a future one that may be larger to let it go to 15%
b. Maybe the vendor just sells 90% of his of his holding in the jv company to a major? Not sure if he has to offer to tso 1st but maybe tso allow it anyways as part of a deal for a jv.
too many question for me I'm happy to ride the wave in this aspect of the company and not dwell on it too much.
who knows wat has been discussed behind closed doors with the vendor?
I'll be disapointed I'd we dont go to 85% next week, but doesn't mean we won't on the future.

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Yeah agreed noob. But don’t be disappointed if we don’t go to 85%. It’s still a win at 80%. We’ll see...

FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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