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20.0¢ firefinch limited

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thurston4pm

915 Posts.

217

03/06/22

11:02

Post #: 61799237
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Originally posted by vfhnbhjvhggh: ↑

@LambSauce To get the 1:1.4 LLL shares you had to be holding overnight. Last night. That's why you were holding. If you sold yesterday you won't get any LLL shares. When LLL lists in a week or so your money will be there at estimated 70c. 70c LLL + 40c FFX is $1.10 total and that number is severely undervalued. Maybe I'm misunderstanding something obvious. I'm not sure whether this process is normal which is why people are confused - I don't know why they're doing it this way but the money isn't gone, just tied up for a week

It's apparent a lot of people don't read or try to understand these announcements... I won't bother responding to any more unless someone else has a correction on my comment

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Yes, you are missing something obvious. When you add 40c+70c, you're not taking into account the 1:1.4 ratio. So it's 40c + (70c/1.4) = 90c

FFX Price at posting: 35.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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