There is an easier solution i suggested some time ago.. LLL offer to pay FFX its cash balance plus value of other assets. Say total around $35/ $40 mill. Part of the deal is that the LLL shares will be distributed back to FFX holders after escrow. The circa $30 cash holding can either be distributed to FFX holders now or at a set date. Eg after DSO receipts. LLL may even add a little more cash to be paid later to sweeten the deal for FFX holders In any case it depends on what holders want. Buy now pay part later etc - escrowed shares.. Toal cost to LLL around $35/$40 mill to prevent a predator moving in. LLL know that its shares are undervalued. The last thing FFX/LLL holders want is an undervalue takeover. FFX holders already have been shat on once. Gangfeng no doubt would be concerned about a take over possibility and may assist LLL get some debt to help sort this mess out.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
