This means converting to AGO's shares will be 10,233,600.
Multiple by 3c (per share) = $307,008 cash in their pockets (I think they need the money more)
Also another factor looking the trading volume of FRS at the moment esp. low liquidity. It would be hard for WNI to sell FRS for over $1 at such liquidity.
So this supports my thought, that WNI accepting AGO's offer, then they can wait for the opportunity when AGO is over $4 and sell it then.
FRS Price at posting:
92.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)