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08-02-2014, 10:57 AM
(08-02-2014, 10:19 AM)felixleong Wrote: I also think they are more likely to sell a stake to increase the public float instead of placement
for placement, new shares are created and the $$ raised goes to the company, so they have to take an extra step to get the $$ out of FCL into their pockets
for selling of stakes, the no new shares are created and the $$ is passed directly to the thais (so I think this route is more likely to be taken)
The thais are known to be savvy, don't think they will wanna cash out at such low levels. My feel is $1.60-2.00 (but hey dun listen to me, I'm wrong half the time lol ^_^)
Care to explain why for placement , new shares are created ?
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I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.