How is this thing going to get going.? They have 2 weeks to get $15m with the end of February first payment. They can only do a 15% compliance raising at 40c without shareholder approval. As a guess at 40m shares thats $2,5m. So that leaves them $12.5 m short. They need shareholder approval for anything other than the 15%. That is at least 21 days notice to the ASX. So from here that would make it the 35th of February to have that meeting and get the approvals.
OOPS!
FRG Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held
