This will be my first time being involved in a demerger, and it...

This will be my first time being involved in a demerger, and it doesn’t help that I’m only 1 year into investing so I have a few questions if anyone wants to give some time to an absolute amateur…

- how can I exit FFX and put 100% into LLL while still being eligible for the entitlement? Is it as simple as waiting for the day after the entitlement date?

- What sort of market reaction *might* we expect in a normal situation? From my understanding, the value of FFX will drop quite a bit, but it really depends on how the market reacts.

- Assuming FFX drops quite a bit after the demerger, will our entitled shares in LLL be enough to offset out losses from the FFX dip? Or maybe a better question, what would be the safest choices to make in order to maximise profits/minimise losses from the demerger?

- Is there usually a pre-IPO offer or whatever you call it. Like how KNI (Vulcan spin-off) was up for offer at 20c for existing holders which was something like 90% off the price it was when it first went public.

- Lastly, will I need to do anything in terms of paperwork? Or will this all be pretty straight forward? Again, this is all new to me so I apologise for sounding like an idiot.

GLTAH