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clock Created with Sketch. 02/01/15
16:27
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Originally posted by rester
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Is going to be interesting to see what IFE will focus on once the merger is complete. They will have very little cash and none of their projects are overly compelling at this stage. They will also now have to keep on diluting their interest in OGX as they have no funding to participate in any cap raisings. The interest in OGX (at the current 5.9c price) is worth only $760K. One can expect that the 9.6% interest will dilute quickly once (and if) OGX needs to raise any reasonable amount of money. It seems like IFE shareholders will be better off simply holding their OGX directly and not via an additional layer of IFE management. Not sure Mr Finch would want to surrender the additional directors fees from OGX though. My advice (which I acknowledge is easy to give from the sidelines:
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Check through: http://www.asx.com.au/asxpdf/20141128/pdf/42v37jk03p9v1s.pdf
