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Paulweller66

2,567 Posts.

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25/06/21

17:23

Post #: 54079109
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Originally posted by newbieguy ↑

@Spekulator Totally agree with you.. Are we going to see any similar deals being done .. who knows.. we are run by a banker who will do anything to meet his targets even if it’s at expense of others looks like and his contacts .. totally useless I presume (which was part of his grand introduction)

And for lithium co aka free shares .. currently we held 1 to 1 shares in a lithium co which wasn’t valued much agreed.. Doc A mentioned that we would like to bring the SOI in the new co at a much lower value so that implies .. the more we dilute here the less we get there.. so this 15% dilution has already impacted my 15% stake in the new co.. so maybe let’s instead of 1 for every 10 shares held now it’s going to be 1 for every 11.5 or 12 shares held as an example.. so there is an impact ..

Anyways, as a SH I’m not happy with the current dealing and Doc A’s first action has burned retail investors and reduced their holding significantly in the new co..

Enjoy your Friday you all

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Did you seriously think we would make it to the demerger without dilution?Bit too early to criticize until we have the full details and the benefit of hindsight.

FFX Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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