On one hand, massive oversubscription is a bullish sign, along with Doc 2 putting his hand in his pocket and getting in on the SPP. On the other hand, I'm not sure if I like the unexpected additional dilution as a result of FFX's apparent "share register go brrr" mindset by not scaling back to the originally proposed issue amount.
All we can do is wait and see how this new capital is deployed in terms of creating shareholder value.
All IMO. GLTAH.
FFX Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
