Now after reviewing the webinar, he does say FFX hold 20%, existing holders of FFX get the remaining 80% and you must be a holder to get a stake in LithiumCo. that would be a fantastic result for current holders.
I’d say if that’s the case, there would be a credit raise within the first 12 months open to holders / instro. Up side of that is the new lithium company can take life and find true value before the raise. Obviously all this would be budgeted into the opening register which, even after the raise, would be low.
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