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20.0¢ firefinch limited

I think we need to hold whatever our holding is before Jun 2 EOB...

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Saadiii22

137 Posts.

25

02/05/22

02:03

Post #: 61135711
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Originally posted by Red Baron: ↑

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

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I think we need to hold whatever our holding is before Jun 2 EOB until Jun 6 (Demerger record date) to ensure we get our LLL free shares.. Also i reckon anybody selling on Jun 3 will not get free shares... I may be wrong and will really appreciate if anybody can correct me..

If i am right then June 7 will be that armageddon not before

FFX Price at posting: $1.12 Sentiment: Buy Disclosure: Held
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0 Great analysis

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