re: Ann: Fully underwritten non-renounceable ...
the fully underwritten issue is designed to protect Terry Streeter's interest in FXR. If shareholders cannot see that from the announcement then I think you have very dark sunglasses. After the issue (subject to Meeting) FXR will have only $400k in the bank and they're raising over $4 million. The CEO, CFO, and other board members and executives still have to be paid. I really don't understand how a current shareholder would put in more money so they don't get diluted. I've seen some deals in my time but this has to be one of the best in recent times where it is looking after the bigger shareholders. Minority shareholders screwed again?
FXR Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
