There's no mention of how the issue share price will be calculated, even though the agreement surely must specify it exactly. There's no way they could obligate Fortrend to pay up otherwise. I agree it that it does look good. PSD, which I also hold, got itself into awful trouble with a disastrous rights issue and debt to raise capital.
On first impression I like the new CEO. He seems to really want to get things moving, whereas previously the company seemed to just plod along.
Pezz
There's no mention of how the issue share price will be...
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