News: Fitzroy Resources acquiring U.S. memory technology company, page-8

I don't dount the team here. They back good projects, so i wouldn't be surprised if this goes to $50M mc.

But... those 2.5c placement shares are a bit rude. Should have been done at 4-5c, considering Forrest already got set at 2c and will get plenty of options with an awfully low strike price.

Will need to do some DD on the company but instinct says Grist, Jones and FC don't put this much money into dud ideas, even if a few hundred k is chump change for them.