There is not a shred of concrete evidence to support any of this, so fergedabowdit.
What comes next is of more interest to shareholders.
It seems that we aren't going to be entirely cut out, but will probably get an offer that we can't refuse.
Perhaps along the lines of: the equivalent of a 1:1 issue to double the current market cap ($11.8 mil), along with Ramas contibuting sufficient equity to give it near or actual control (about $22 mil). Perhaps these figures need to be somewhat higher in order to clear the WF debt, lease new acreage, and provide working capital. Also, there should be a consolidation - there are already too many shares on issue.
Any restructuring would require an EGM, at which it will be made clear that it's "this or the knackery".
FDM Price at posting:
1.1¢ Sentiment: None Disclosure: Held
