fml after cre for free-better offer to come?, page-4

reiner

FML hold 18.84%? "subject to there being no better offer"
and have the option on meeting that offer should it arrive.

So they only have first dibs,even if they have posted a market statement saying they have control.Technically,but not really in reality.

Until they get enough shareholder acceptances,they have nothing,but $13m owing,payable in periods between 14 days and june 2012.

Even the $13m isn't convertable until after a shareholder vote,yet to occur.

So yes,they're in the box seat at the gg's,but the race aint over yet.

I didn't mean to imply FML just wanted Cre for the tax losses,but lets face it,getting to pay your tax for two years,by issuing shares and getting the rest of the company for nicks,implies there is MORE MEAT IN THE SANDWHICH for CRE holders and is the cheapest buy you can make,if you know what your getting is VALUEABLE if run right.