Obviously I was referring to the value of their holdings in FDM. Which will have a far greater paper loss ie 40% + after the SP tanks to less than 15 cents.
I also do not believe Lee and Roger will take the entire M&S fee. Best guess - they would receive 5-10% of the fee so $50-100k.
They really should not receive a cent for setting up this deal, their interest lies in FDM and its share holders.
If they are part of the CR then I am sure we will hear the usual banter *directors showing confidence*.
Very disappointing turn of events, I will be looking forward to no explanation from these guys.
FDM Price at posting:
20.5¢ Sentiment: None Disclosure: Held