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Ann: Successful placement and debt conversion, page-30

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Dianella 68

1,821 Posts.

540

29/04/20

13:18

Post #: 44324458
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Originally posted by Autosime ↑

A couple of brief points
- bevter - sounds like you don’t get the idea of a forum .
if you put everyone on ignore other than the likes of son of man , what is the point of being on a forum
- this outcome is not far from bankruptcy. That would be 0c , we are at .03c . Funds used to pay debt - won’t actually be enough to do anything other than pay a few more months of salary
- never seen options issued at the issue price - that is saying happy to Issue another billion at .3c , so where then is the upside - even Fpl management are telling you there isn’t any with the option strike

having said all that we must give credit to them - I have never seen a company with no prospects raise so much money after so much wealth destruction. Whatever we think this is a talent

note issue of shares just before the quarterly which would have shown they are out of cash

sonofman - you are great entertainment- billionaires hey . Thanks for the laughs dude . The only connection FPL has with the word billions is shares on issue and to be issued

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Yep it's called "kicking the can down the road".

Jim.

FPL Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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