valuation, page-27

Eyeoverit, all you say is true! FWL is a good company with assets & now with money to move forward, BUT shareholders are NOT happy with the deal getting short changed. If FWL is a bad company with no asset, this deal would be great. Because FWL has always been very undervalued, issuing shares at $0.20 to Chinese & 0.17 to Sing Tang... people are not happy. But FWL needs the money & steel mill knows how to short change you.

If share issue at $0.30, FWL sp would move up higher. "Sell" for short term investor & "buy" for long term investor... that's what I think anyway.