Shareholder will not be silenced, page-3

record day as of EGM??

that means FFX shares will be ex entitlement to the LLL shares.

ffx shares might never trade again, but if trading, ffx shares will trade based mainly on the amount of cash held by ffx and will not reflect any LLL value, because the record date will have passed (at the end of the day of the egm).

liquidity will be destroyed

for example, if there is a takeover bid for LLL after the EGM, the ffx share price will not reflect this. ffx shareholders will have to wait until the payout of the takeover occurs.

if the LLL shares rise, the rise in value will not be reflected in ffx shares.

no.

the record day should be just before the end of escrow.
just enough time to organise the distribution.
in this way, if ffx shares trade again, the shares will reflect the full value of cash plus LLL shareholding.

agree or disagree?