FFX 0.00% 20.0¢ firefinch limited

Basically if FFX management sorted this rubbish out a year ago,...

  1. 388 Posts.
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    Basically if FFX management sorted this rubbish out a year ago, we (FFX SH's) would have been able to move onwards in whatever ways we individually saw fit and the perception of LLL would never have been tarnished with the FFX brush.

    Now the LLL MC has halved overnight, the escrow shares are suddenly back down to ~10c value, however we now also have FFX forking out huge dollars in international lawyers on top of the already unnecessary $2m quarterly cash burn, thereby reducing our remaining cash at an even faster rate.

    Feels like it is now just a race to the bottom on this one.

    No chance of a half decent deal now - if SH's were to sign off on 10c, then it should have just been done a year ago - we would have been done and dusted a full year ago.

    As the BOD keep saying that if a deal can't be reached, then the cash and escrow shares will be returned to SH's - then do it!

    The time is now. Do it now. Cut the cord already.

    Once that cord is cut, LLL can have somewhat of a bounce back towards a more realistic MC, and be able to take a breath due to the stench of FFX leaving the room.

    New LLL investors sitting on the sidelines will come in to create another (higher) floor, knowing they will be in decent profit on their SP purchases by the time of production in mid 2024, the same time that stuck FFX holders will also be able to decide to either retain or sell our LLL escrow shares and move on from this car crash.
    Last edited by BargainSally: 05/09/23
 
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