I don’t know if I’m looking at this the wrong way however...

I don’t know if I’m looking at this the wrong way however considering most FFX holders are LLL holders, diluting the FFX share of LLL via cap raise seems counter productive to both my FFX and LLL holdings…

Even a 15% cap raise for LLL would only dilute FFX’s holding only down to 14.96%… if a company was going for a TO, I very much doubt the lost 2.64% would mean they would through in the towel…

Seems like nothing short of a cash grab at the expense of LLL holders AND FFX holders (which for the most part are the same people) … perhaps there’s a benefit in cap raising to buy the FFX holding, don’t see the benefit to shareholders dilute.