Lets say that we get one for six in LLL so you have 600,000 FFX and you get 100,000 free shares in LLL and you get the opportunity to buy another $30,000 (using max SPP ) at 50c per share so you get another 60,000 shares. thats 160,000 that cost you $30,000 or 18.75c/sh If LLL lists and runs to $1 which is highly likely you have $160,000 worth of LLL and say FFX had run to a $1 and dropped by the 18.75c of value being passed into the new entity... we could see FFX drop to say 80c. You have $480k in FFX and $160k in LLL = $640k you bought that today at 62c = $372k plus $30k for LLL SPP. $392K
Is that a reasonable return for anyone here?
FFX Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held