The fuss is about my hard earned $$ being substantially diluted. The SPP provides an opportunity to reduce the dilution, but I am unwilling to take it up given the state and uncertainty of financing. This is a big deal to me.
Of course I want FAR to be successful - no long term holder in their right mind wouldn't. I am simply asking for a transparent dialogue from management with disclosure of implications to enable me to make an informed decision wrt the SPP.
whisky49, you say: "It's hardly a breach of anything if you have been notified of a change".
I respectfully challenge this assertion. I am not aware of any change to the Placement conditions being communicated. Can you please elaborate?
The announcement on Dec 24, or since, did not confirm whether a term sheet had been or would be received by Dec 31, or the implication of the US$50M delta reduction on the placement. As a shareholder, I find this unacceptable under the circumstances of the SPP deadline.
Hoping this clarifies what the fuss is about....
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