Numbers FCC-CSKGuys, if I tell you I give you 0,14$ for your shares of CSK and I would buy the entire float... would you all accept?
Here are numbers before the deal was announce on the 21 st of June...
FCC in the previous 60 days, traded an average of 416 399 shares per day, at an average price of 0,55$...last time it traded at 0,76$ was on the 29th of March 2017, 52 weeks high 0,92$
CSK in the previous 60 days, traded an average of 309 521 shares per day, at an average price of 0,14$... last time it traded at 0,195$ was on the 18th of April 2017, 52 weeks high 0,45$
We all know CSK stock was manipulated big time and we saw an anonymous seller that kept hitting and hitting the stock to make it drop big time...
We all know that FCC stock was manipulated big big time after the deal was announce... probably by the same group that smashed CSK!... FCC was push the 2 days it traded big time in the last 5-10 minutes of trading... almost 0,07$ the last day it traded!
I feel that this was done create an illusion for CSK shareholders... CSK is the only one that can generate quick and huge profits quickly... they wanted what we have... but didn't want to pay $$ for it... so they dropped us, push FCC high... and used our low value Vs FCC's false high value to make us see a great deal it is!
If you guys think that 0,20$ is a good price for your CSK shares, I won't argue, but ask that the ratio be calculate on the value it traded before, or the 60 days average it traded before... 0,55$... not that fake FCC's value of 0,76$! I am sure the australian share holders aren't happy either!
They are using the value we are bringing in the company to pay us by using the value FCC had 2 days after the deal! 0,76$ is not a representative value for FCC shares... it's 0,55$ if you use the 60 days average...!
We should have 0,36 shares of FCC for every CSK shares we have... not 0,2632...! it's almost 50% more guys for your money...! It makes a big difference...
Now, what I think is gonna happen... they are gonna keep the lid on CSK... and once FCC starts trading again, they will push it up... they will make sure that our shares after the deal are worth more on paper then if we keep our shares... but we will be voting on the 18th of October... and the acquisition won't be done before the 24th... plus by the time you can trade your shares in your account... ouf!! You won't be able to sell at the once again even more fake value they will push FCC... I am pretty sure I am dead on the money here on the SP action...
The value for FCC that was use in the calculation should be 0,55$... nothing higher then that figure... this is where we are getting rob!
Good luck and hold on!