GREY:FFLWF - Post by User
Comment by
Oldweedon Oct 20, 2022 1:12pm
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Post# 35036781
RE:RE:RE:RE:RE:RE:RE:Co-Location with Circle K
RE:RE:RE:RE:RE:RE:RE:Co-Location with Circle K1sergedompierre wrote: not yet ...the last C1 warrant will be divided in 2 ,subject to a vote -that should pass -on December 16th .
Then ACT should execise the first part of C1 and would own around 42 % or more if the $ 5,000,000 loan is excercise at a price 1,68 , then the second part of C1 for control would be excercise only in December 2023 ..after what ACT evalate more or less the end of the recession .
It is a very wise move made by ACT and it reflect how sharp they are in business IMHO .
Thanks for the clarification, yes good for ACT as they will aquire 51% of FAF at a 27-30% discount to market while at the same time earning interest on the loan to expand in ACT stores! Big move with GTII in the US too, looks like ACT is ramping up entry into the US to be ready for the Lame Duck session. They have announced FAF is still a partner but I have to wonder how GTII fits in with FAF.