Yes,agree that will probably need a cash raise-but made so much...

Yes,agree that will probably need a cash raise-but made so much easier by the equity deal.
Suspect that this will make FYI a very attractive proposition to instos and funds who because of the low SOI would have been unable to buy on market with catapaulting the SP.
Roly no longer has to go cap in hand so should have no problem getting this finance by this less expensive method.
We have had minor into support in the past but they bailed for their own reasons,and certainly not for any rational reason regarding FYI's progress.
Timing is important,and the longer Roly can hold out the better because:
-insto funds will be stressed by redemptions. This will reverse and funds will be looking for a home
-some off takes should raise the SP so less dilution for current SHs- and glad that Roly has a lot of flesh in the game.

Difficult to speculate on how long this market meltdown will last.Not hanging my hat on a "V" bounce- is a possibility, but also another possibility is once the major panic selling is done,there is a gradual grind down-and one of Asculpeous's timing tools suggests that this could go until early June when the "sell in May and go away" crowd are done.There is also a group of SMSFs who have to liquidate to pay out $$ from their funds to meet the fund's obligations.

And while Asculpeous is mulling,realize that we we hear publicly about COVID-19 is not the full truth.The Peter Principle is at work and many advisors are well meaning but have been years away from the coal face.Asculpeous's knowledge of virology needs freshening up but he did consult one of his ancient tomes and viola! There were several paragraphs on corona viruses. One of their characteristics as a group is that they colonize the gastro-intestinal tract.Bowel upset gets occasional mention as a presenting symptoms ,but in many there is ongoing shedding from down below.

Cases are being released back into the community on the basis of clear throat swabs.Doubt whether they are having their faeces checked.Who has never scratched their bum??So watch out for spontaneous outbreaks. Asculpeous hopes he is wrong.He could write much more on how to really protect yourself from this viral pandemic, and will do so if anyone is interested.

What has prompted A to write is as I listen of people returning from OS,some family members are racing forward with hugs and kisses before they go into isolation!
Nursing homes,if they go into lock down still need staff;each staff member has community/family contacts....etc etc which goes back to how long this thing is going to last.
All in all: don't sell if you can help it,
Keep well.