From the last report FSN had $14,851,000 and 48,812,878 shares outstanding
This is 30.4cents cash....let me say CASH
Now the board takes a 36.5cents SCRIP????
If this crap market condition keeps up what is to say PDN won't go way below sub $2 and FSN shareholders get an equivalent of under 30cents
Why don't they just sell the assets for like $10million and dissolve the company...at least in this scenario shareholders can get 45cents CASH at least.
Probably an underhand deal for current FSN directors from PDN.
Have a mate who holds 100,000 of these and asked me what I though about the deal
Shareholders are sold out...FSN directors hold your head in shame...why are you on a salary being paid by shareholders and you do this deal
Disgraceful and Ridiculous
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FSN
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From the last report FSN had $14,851,000 and 48,812,878 shares...
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