Still lots of discussion about the loan share proposal, it seems pretty simple to me.
JW has the right to purchase the shares or forfeit them, any time over the life of the loan. No interest payments, no set repayment plan.
In the interim, while the interest free loan of shares sits there, FEX will pay dividends, and JW will get 10 million shares worth of them. Any time over the life of the loan, JW can forfeit them, after receiving juicy dividends that we’ve all had to put hard money down for.
How is this of any value to FEX shareholders? To me it appears to be an easy way for JW to get his hands on FEX dividends without any commitment or investment. I’m still waiting for one of the JW supporters to explain to me how this is good for FEX shareholders?
Happy to corrected if I’m wrong, but i’ve seen nothing that will stop this scenario playing out
Still lots of discussion about the loan share proposal, it seems...
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $1.208M | 4.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 517334 | 9 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
30.5¢ |
Change
0.015 ( 7.02 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 30.5¢ | 29.0¢ | 638441 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FEX (ASX) Chart |