Let’s face it... we have 3 main scenarios going forward regarding cash and Aug option expiry.
1 - Cap raise where FEC benefits. Dilutionary. 2 - Approx 20m via FGRoc conversion. Dilutionary 3 - Cash flow positive situation or similar, where the share price increases to say for instance 60c. Still dilutionary, because I believe most option holders will still convert their FGRoc holdings. Let’s not forget all the free ones given out last raise.
I personally believe if they were to pull scenario 1 there would be a massive revolt. There’s no easy way out, we just have to hope they chose the one that benefits all holders. As you probably have already worked out, my hopes are on number 2.
