IBD I think you’re mistaken. Have a look at the attached announcement. It looks like for every share you hold in FFR by 5pm today you will be entitled to 1 share for every 12 you hold in the new IPO.
Some easy money here.
From memory I think the IPO listing price is 20c and hopefully it will jump much higher on listing.
Good luck DYOR
FFR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held