Ann: FIRSTFOLIO SIGNS HEADS OF AGREEMENT TO RAISE, page-6

re: Ann: FIRSTFOLIO SIGNS HEADS OF AGREEMENT ...
Hi Jazzasax you are correct I was referring to the price if you purchase at 2.6c(todays price) and the deal goes through you will be buying in at 1.8c existing holders.As follows
Buy 1 share at 2.6c and get 1 at 1c = 3.6c/2 shares =1.8c.

Australian Capital Enterprise price:
Allocate 116.1 million shares for $1.7 million(1.5c)
They will be able to get 116.1 million shares for $1.161 million(1c)
Issue 1.3 billion shares for $47 million(3.5c)
Total shares 1532.2 million shares for $49.861 million = 3.25c a share (also note they can pick up any shares in the underwriting not taken up by holders)