Ann: FIRSTFOLIO SIGNS HEADS OF AGREEMENT TO RAISE, page-7

re: Ann: FIRSTFOLIO SIGNS HEADS OF AGREEMENT ... Right now, it's a stalemate, people with high enough risk profiles have bought. Sellers are going to start coming in. We've had one of our largest trading days with 10mil units traded. A few day traders might get caught out with T+3 so I expect the SP to fall a bit and consolidate.

It might even fall to the point where there is no profit from entering to take advantage of the share placement plan. Eg. if someone enters at 2.7, they can see a SP drop to 2c before they start losing money after the placement.

Also, having such a large cash backing and a large stake in the company doesn't guarantee safe passage, otherwise the share market would have already shown us. This is the bet that we have to take.

Imagine if they didn't use the cash to pay off the debt and used it to restructure more debt to finance another profitable acquisition. That could be great for AC&E and shareholders years down the track.

I honestly don't think AC&E are taking a large stake in the company to just pay off the debt so we can double our income and have a 2 or 3 bagger. They wouldn't even be able to offload to make a profit, unless they want to destroy the share price. However, what they have planned for the company (and the company itself) does excite me. Some posters have projected SPs in the mid-tier range, and I don't think they're too far off the mark. Time will tell.