Forum Topics Capital Raise FDV
Byrnesty
one year ago

@BigStrawbs70 if you are an existing holder of FDV there would be no point in buying shares today at a price of close to $0.60 (day low $0.585) as the capital raise price is the lower of $0.56 or 2.5% discount to the 5 day VWAP.

You will pay a lower price with no brokerage costs with the SPP.

Best to wait and see how the SP reacts over the next few weeks (SPP closes 5pm on 27/4).

If the SP remains above the offer price then the SPP will be heavily oversubscribed and oversubscriptions may or may not be accepted.

If you were not an existing holder then sorry for the above explanation.

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