Very much doubt you'll get $1.20 selling FFX on the 3rd June
On June 3rd FFX will be trading ex-entitlement, meaning if you buy FFX on June 3 you are NOT entitled to the in-specie distribution.
Because you are not entitled to that distribution, FFX shares are worth a lot less on the 3rd, than the 2nd when you'd get that distribution.
If you get 60c you'll be lucky
LLL Demerger and Offer - Consolidated Thread, page-61
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