Fas has already had approval for the listing of over 1,000,000,000 shares which means it can sell 15% or over 150 million shares to outside investors at a 20% discount.
Surely it does not want to get approval for another 300,000,00 shares.
The value that GWR brings will then theoretically only be worth 20% of its current value of around 16c per share for shares actually issued to around 3.2 cents. How does that benefit shareholders? Surely the directors are better to prove some resources of its own by selling some GWR into the market at the current prices.
What are the directors doing to share value?
FAS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
