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Re: RE: [sharechat] Insider Trading and FFS

From:	"Mike Hudson" <mikehudson@clear.net.nz>
Date:	Mon, 9 Oct 2000 21:16:50 +1300

Mick wrote

"hi mikei'm a novice - so could you briefly tell me what wouldhappen to the price
of FFS should it be recapitalised.cheers"

The short answer to that is that I haven't a clue; if I could successfully predict the short term price movements of shares I would be a millionaire by now. In the event of a recapitalisation the company would advise the market of the conditions, number and price of new shares, placement or rights issue, impact on existing borrowings etc. The analysts will then crunch the numbers and the big boys (the institutional investors) will decide whether to buy or sell and the share price will move accordingly.

As far as the rumour mill goes, I wouldn't take much notice of it and I certainly would not be pinning any hopes of a sale price over a dollar. IMHO a fair price for FFS is around 80 cents which is why I took a punt at 62c today, however Tony could have the last laugh at 55c

Cheers

Mike H

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