The fuss is about my hard earned $$ being substantially diluted. The SPP provides an opportunity to reduce the dilution, but I am unwilling to take it up given the state and uncertainty of financing. This is a big deal to me.
Of course I want FAR to be successful - no long term holder in their right mind wouldn't. I am simply asking for a transparent dialogue from management with disclosure of implications to enable me to make an informed decision wrt the SPP.
whisky49, you say: "It's hardly a breach of anything if you have been notified of a change".
I respectfully challenge this assertion. I am not aware of any change to the Placement conditions being communicated. Can you please elaborate?
The announcement on Dec 24, or since, did not confirm whether a term sheet had been or would be received by Dec 31, or the implication of the US$50M delta reduction on the placement. As a shareholder, I find this unacceptable under the circumstances of the SPP deadline.
Hoping this clarifies what the fuss is about....
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- SPP Ambiguity requires urgent clarification by FAR Management
The fuss is about my hard earned $$ being substantially diluted....
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Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 52.0¢ |
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Price($) | Vol. | No. |
---|---|---|
54.0¢ | 22471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 0.520 |
3 | 110000 | 0.515 |
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
1 | 29878 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
0.600 | 25953 | 2 |
0.610 | 2000 | 1 |
0.000 | 0 | 0 |
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