The release of the shares in escrow is something many many companies do and was clearly mentioned in their listing documents. Unfortunately, it appears that many of the shareholders of FIG reacted in such a way as to cause a SP drop and for it to be sustained. There are simply not enough institutional shareholders on the books to re-rate the SP. Hopefully the release of new shares is because more big players want in leading to more big institutional players becoming major holders. If FIG wants to play with the big boys and become a house hold Australian company name people want to own a greater number of units in their hands will result in more interest in FIG by major players hopefully leading for the SP to re-rate accordingly. Anyway I am enjoying this period and will look to accumulate as many FIG shares as I can.
FIG Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held