The sale of LLL shares doesn't necessarily mean they would...

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fooca

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12/06/25

12:28

Post #: 79405887
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Originally posted by JungleJim1: ↑

"Based on professional advice the Board has determined that the most effective way to deliver the
most value to shareholders at this time is to retain the LLL shares and pay shareholders dividends from
the LLL distributions. If LLL achieves its aim of recommencing trading on the ASX, the Firefinch Board
will determine the best way to return the value of those LLL shares to Firefinch shareholders."

Reading in between the lines-
It seems with the cash on hand, a dividend will be paid soon based on an unfranked dividend 64% (because its CFI)and the balance hopefully ROC.it seems any distribution of the LEO shares will be a taxable unfranked dividend. pointless to do this. FFX needs to wait for the LEO outcome 3. If LLL achieves its aim of recommencing trading on the ASX, the Firefinch Board
will determine the best way to return the value of those LLL shares to Firefinch shareholders.- my guess is that the LEO shares will be sold at market and the dividend should be a ROC. Unfortunately, this destroys the value of LEO. This is a CLUSTERF*?*K of huge proportions

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The sale of LLL shares doesn't necessarily mean they would be sold on market.

They sold the previous in a block off market trade to person/s unknown.

Although the amount is far greater than the previous sale.
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The sale of LLL shares doesn&apos;t necessarily mean they would...

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The sale of LLL shares doesn't necessarily mean they would...