Today's announcement was not unexpected.
Yesterday's carefully worded announcement included the following comment -
"Firstfolio will release to ASX an updated timetable
for implementation of the Consolidation once it has
GREATER CERTAINTY regarding the timetable for finalisation of the Recapitalisation Proposal."
I still see Resimac as a possible fallback option as they hold 13% of the shares and will be keen to protect their investment.
Likewise Tony Wales (16%) and Mark Flack (4%) are in a similar situation along with CBA - all will be looking for ways to see that the recapitalisation works OR look at any alternatives to ensure FFF gets off 'life support' - not one of these parties will want to be burnt financially (IMHO).
Ho hum - next announcement is due "no later than pre-open of market on Wednesday, 29 January 2014."
DYOR
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $3.002M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.0¢ | $3.109K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 438338 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 438338 | 0.010 |
2 | 315192 | 0.009 |
3 | 295000 | 0.008 |
2 | 272857 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 100000 | 1 |
0.013 | 546491 | 2 |
0.015 | 98599 | 1 |
0.016 | 1810007 | 2 |
0.018 | 1500047 | 2 |
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