"The price of FAR Shares fluctuates Flow Energy Shareholders are being offered FAR Shares for their Flow Energy Shares at a fixed ratio regardless of the price each trades at. If Flow Energy Shareholders accept the Offer they are exposed to any rise or fall in the FAR Share price."
"Global market conditions have deteriorated considerably since our last placement of Flow stock; we therefore believe that this value is appropriate in today?s market."
"appropriate" for Flow, on face value not for FAR. 42.66 seems too high a price to pay, but we humble FAR'ies have no say.
ME has sent a letter to the Flow shareholders, when is he going to send one to us? "The rationale for the Offer is to create wealth for both the FAR and Flow Shareholders through the combination of prospective exploration oil and gas assets in West and East Africa." Can't ME we create wealth for FAR shareholders first and worry about others later???
FAR Price at posting:
2.9¢ Sentiment: None Disclosure: Held
