Comment seems totally wrong.comprehension.remember in English...

Comment seems totally wrong.
comprehension.
remember in English class at the government school CAMPus when 99.99 couldn't correctly comprehend the comprehension test.


seems like FFX is looking to make 3 distributions not 1:
"historic" cash on hand plus tranche 1
tranche 2 if any; and
LLL shares

not stated in announcement, but is subject to timing of receiving second RULING request.
*ruling, as in ruling over slaves.


"Distribution of Firefinch Cash to Shareholders

Firefinch will arrange for payment of most of the Tranche 1 LLL distribution and historic cash balance

as soon as practicable following the ATO’s determination on the Second Ruling Request. Firefinch and

its advisors remain in regular and direct contact with the ATO.

LLL Tranche 2 Disbursement

LLL has told shareholders in LLL’s announcement of 12 May 2025 that any decision on the return of

Tranche 2 funds would be made in connection with the M&A activity it is currently undertaking. If no

opportunities are significantly progressed by Q3 2025, LLL has committed that the Tranche 2 funds

would be returned to LLL shareholders in the second half of calendar year 2025.

At that time, Firefinch may be required to submit a further Ruling Request to determine the tax

treatment of distributing that money to shareholders."