Forum Archive Index - November 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Sadly I also have far too many FFS  !!!!
Totally undecided as to what to do in current climate  re rights issue ;
Its alot of $$$ to put up, especially when I bgt a long time ago  some
at .92 c    ooowch !!!!  Difficult to guess whether head shares will go
up or down following payment of the rights;
= a real dilemna    awaiting guidance from someone   not sure who yet 
but , as you asked thats my comment ; Id like to think long term all
things will come right , but as you point out shares that have never
given even a measly Div  just lost $$$$$ are not encouraging;
Regards Margie  

Richard Hooper wrote:
> 
> Yep I,m another undecided FFS holder(unfortunately bought in @ 67c) I am
> normally decisive as one analyses information to make a decision ,however
> with FFS all I can gather is misinformation .I dont know what to believe
> ,and I have this gut feeling that I keep on smelling a rat somewhere in this
> wood pile. Past history of negative Director behaviour among top companies
> and toothless commissions,have made me very suspicious when events like
> these occur.( the bad news comes later scenerio)
> I too will wait until the last moment . Damm it.
> Like to hear from others ,accumulated sharechat information might be the
> best way to make up our minds .
> Wished I sold my rights @ 2c.Better still wished I sold FFS @ 80c as I had a
> chance to.
> Hoop
> ----- Original Message -----
> From: "Brian Gale" <brigale@i4free.co.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Tuesday, November 28, 2000 12:57 PM
> Subject: [sharechat] FFS saga.
> 
> >
> > With the rights now at 0.2 cents - not even worth selling - brokerage
> would
> > absorb that.
> >
> > The question now for unfortunates like me is what to do ?  The only
> > advantage with taking up the rights as opposed to buying shares at the
> same
> > price is the brokerage.
> >
> > With the unknown outcome of the CRITIC and  Bank Loan factors the
> > over-riding question is whether it is prudent to get deeper into this
> sorry
> > mess. Obviously funds from the share issue will have to be used to help
> > sort out the loan question, the unknown is how much and where that will
> > leave the future prospects of the Company.
> >
> >   There is underlying strength and 25cents could be cheap,  if the above
> > factors are sorted out - only time will tell.
> >
> > Comments please.
> >
> > BG
> >
> >
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