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Re: Re: [sharechat] FFS Rights

From:	"Harry Jones" <hjones@mail.scis.ecu.edu.au>
Date:	Thu, 09 Nov 2000 12:08:58 +0800

Peter,
No one seems to have answered your query so here is my schoolboy arithmetic.

A FFS share is currently about 32 cents. When the two rights are issued and 
somebody has paid the 25 cents each for them, three shares in FFS should be 
worth 
32 + 25 + 25 = 82 cents. 82 / 3 = 27 or thereabouts. If one exercises the 
rights one 
makes 2 cents on each but on the other hand one loses five cents on the 
original 
share. It is hard to become a millionaire.

Harry Jones


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