The major shareholders, bar FARJOY, did support the 4.25 cent...

The major shareholders, bar FARJOY, did support the 4.25 cent raise on the basis that FAR said they had binding finance which was untrue.
The end result of FAR failing to secure this finance is an SP of 1.1 cent which equates to a 3.15 cent fall.
I am sure the largest holders never expected that when they chipped in as obviously they believed FAR was fully funded and would have been told that by management otherwise why chip in to lose 75% of their cash.
Does anyone believe these shareholders would be happy with management?
I doubt doing a deal is about the SP its more about the cost that a new entrant would have to bear and how cheap they think they can buy it.
Everyone knows the numbers even for a measly 13.7% and it ain't chicken feed.
Anyone in the data room if they decide to buy FAR's share will be up for a massive amount of money, the same money and more that FAR failed to raise.
This data room has been open for quite awhile with no takers as yet.
Position yourself in the FAR boardroom and ask what will they be thinking even in lock down.
They are hanging out for a sale to save their bacon which was their own making getting into this mess.
Now they are in default and suspended from trading for who knows how long.
Outlook......GRIM.