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0.00% 6.0¢ living cities development group limited

Hello!!! Anyone here? Why would TFA spend $2m to subscribe 111m...

  1. micky78
    2,892 Posts.
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    03/07/14
    19:25
    Post #: 13608561
    Hello!!! Anyone here?

    Why would TFA spend $2m to subscribe 111m FWL shares while the entire FWL mc is $1.7m? Wouldn't it cheaper to buy the rest of shares TFA does not already own?
    LCG Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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