havent read the detail yet but amazed they got the money. Just shows how strong the equity market is and this is managing to flow down to even the junk at the end of the market. Notice GNS and ELD also just raised money so the junk is really getting recapped. If FEA is getting money then we know the bull market is on!
I am pleasantly surprised although I imagine existing shareholders get creamed as they did in ELD. But that is the price of survival. Actually I am still not entirely sure it is survival but helps a lot.
happy to be wrong for now......but still worried about it
FEA Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held