Ffgo - undervalued, potentially to hit 5c at least and if heads start moving which I think they will based on IPO FFGO can provide amazing trade. However, sell them before the Ipo hit the market as 50% of the shares will be distributed to FFG holders which will bring FFG share price down and FFGO as well.
As per rules, FFGO strike price should decrease equal to the value of distribution of new shares which means they still present value even after the IPO. But it has been causing confusion. Also heaps of new options were issued at 1c and newly issued options are always cheap. People sell them thinking they are making a good profit which is fair but that is the time to buy them.
Just my opinion
Cheers
