Very surprising announcement, but I am thinking along similar...

Very surprising announcement, but I am thinking along similar lines to you.

I believe it will either be one of our clients, or an institutional investor, wanting a piece of the action (a share holding in the company).

I think, whoever is letting those 27m shares go, is doing so to avoid full dilution (although another 27m shares won't make that much difference), and these will be a part of the deal announced.

These went through at 7c, so hopefully the capital raising is around that price and not done at a big discount.

FGO had $6.8m in the bank as at September 30.

This could yet be a positive for the share price, depending on who it is. Imagine if it is Nationwide or MetLife!

Remember how IAG went boom when Buffett was announced as a new investor in the company.

I reserve judgment until I see the details via an announcement.