Subject to Latin shareholder approval, FIH will be granted 40m shares at a price of 20c on a post consilidation 1:5 basis.
That means that the strategic (sibling of largest phone/ console and tablet manufacturer in the world) , buys into the fold for effectively 4c a share. The deal would have been struck when price was a lot lower, keep in mind. With strategic in place we are simply lighting the fuse.... The price almost doesn't matter... Seriously.
This deal is simply gobsmacking for a relative minnow company. The news is breaking out in languages all over the world and raising eyebrows. How lucky are we that its all going to play out on our market!!!!
