Given the situation us FFX holders are in from this "investment of the century" requires yet another capital raise, Option 1 cannot be considered surely. I fear another $90m could be burned, especially with an ASIC of approx $1,500. Option 1 also greatly dilutes current FFX shareholders equity in the escrowed LLL shares. Option 1 is a strong No for me.
Option 2 all day please; Just wind FFX up, pay debts from existing cash balances or have a small raise to finalise debts and return all LLL shares to existing FFX shareholders.
Simple
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Best Interests of Shareholders Discussion, page-2
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