PhilW1) SPP money is to PAY DOWN DEBT owe to directors & FWL...

PhilW

1) SPP money is to PAY DOWN DEBT owe to directors & FWL still OWE some money after SPP... please read reports

2) SpringTree is contract for minimum 1 yr otherwise FWL will need to pay break fees $180K... please read reports

3) SPP is based "FIRST COME FIRST SERVED" basis (please read reports). I know someone put in 1st day received offer letter & got all 300K shares. You must left to the last min. Also FWL announced "over-subscribed" on the last date before closing, because first-come-first serve, people leave to the last min. then got scaled back.

If extremely over-subscribed, why don't everyone buy 'on-market' right now 100,000 @ 5c; probably can pick up 1m shares under 5c if Sin Tang keep doing this.

4) Sin Tang lock large losses... yes! this is NOT enough to off-set massive capital gains from Sphere Minerals they invested.

5) If Sin Tang wants to takeover, should do so quickly otherwise TFA International might vote against them.