FSG 0.00% 2.2¢ field solutions holdings limited

tradeable rights issue asx code: frer, page-3

  1. 1,857 Posts.

    FRE Last Price: 3c
    FRER last price: 0.7c (which =FRE1.7c after exercise)

    Custodial are the key players here.

    They took 17million shares at an avg of......wait for it.....

    .....1.3cps - that's right 1.3 cents per share.

    Plus they get the 1 for 1 rights to buy another 17mill at 1c ($170K) plus any shortfall.

    AVG PRICE FOR MINIMUM 34MILLION SHARES - 1.15cps
    Last price 3cps = approx300% profit as of today
    Bidding 2cps = 200% profit

    Cheers,
    The Sparkler




 
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