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[sharechat] FFS rights issue

From:	"Graeme Martin" <Martin.Graeme.S38@xtra.co.nz>
Date:	Mon, 4 Dec 2000 21:24:41 +1300

Caretakers

OK the FFS rights issue closes on Friday and I plan to take up the rights and try to recoup some of the value I have lost. The whole break-up of the Flatters has been mismanaged. The debt ratios of FFS, a public spat with CITIC and a short run rights issue has resulted in a massive bail out by rights holders often at 0.1 cents. Why bother at that price - they must be desperate. Who is selling, who is buying - the underwriters - GPG, someone overseas who has a long term vision?

By taking up the rights issue I expect there to be upside value. Does anyone argue against this?

Graeme Martin

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Re: [sharechat] FFS rights issue Gerry Tyler-Smith

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