General discussion, page-1926

@Handy777
~ From my interpretation of the sequence of events =
A prospectus is released with the priority information, record date, etc.
The priority offer is closed, the meeting then approves the demerger, the criteria for in-specie is calculated on what value LLL is post priority offer.
~ As an example: If the Company raise $50 in the priority offer, the in-specie distribution uses $50m as the full ownership value?

As the in-specie distribution record date comes post priority offer closing, the notion of selling FFX to purchase your allotment in LLL gets dispelled?
It sorta makes sense that the sequence is that way for the company to be able to value LLL for the in-specie shares.

All my opinion

cheers