FBR 5.26% 4.0¢ fbr ltd

Let me dumb this down and you tell me if I understand the...

  1. 1,174 Posts.
    lightbulb Created with Sketch. 305
    Let me dumb this down and you tell me if I understand the agreement correctly.
    • We (the company) gave them shares and said "here's some shares that are worth this much each, you don't have to pay for them until <this date>".
    • When <this date> comes you have to pay for them. If they're worth more you can sell some of them to pay us back in full and keep the rest.
    • If they're worth less you can sell them all, pay back what you can afford and we'll just wipe off anything else left owing?
 
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4.2¢ 1244361 8
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