This announcement appears amateur at best. Why would directors encourage us to sell our shares to CLO for $2.10.
Firstly this is below market value and we could sell them on market for $2.20ish and even higher before this announcement.
Secondly if we sell our shares for $2.10 then we dont have any shares in FGE and therefore how can we be involved in the growth of the company.
I think the point of this announcement is to get the alliance started and for actual smaller shareholders such as ourselves to not sell our shares and keep a stake in the company and hopefully we have a greater growth potential. It is all a bit of a mystery to me.
- Forums
- ASX - By Stock
- explain this
This announcement appears amateur at best. Why would directors...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)