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FFX firefinch limited

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Best Interests of Shareholders Discussion, page-3

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intelseb

3,579 Posts.

193

21/09/22

12:14

Post #: 63813580
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Originally posted by cassidav: ↑

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.

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I wonder if upon closing down the operation the escrow condition could be waived and shares returned to holders - does anyone have insight on this?

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Best Interests of Shareholders Discussion, page-3

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