OTCPK:FCCG - Post by User
Post by
zenvestingon Oct 20, 2017 1:51pm
116 Views
Post# 26837770
FAT IPO Monday - FCCG will hold 80%
FAT IPO Monday - FCCG will hold 80%Anyone watching this?
FAT IPO Monday will leave FCCG with 80% of the ownership in FAT Brands, which for the 2M shares being sold at $12 in the FAT IPO, implies a value of $96 million for the shares FCCG will continue to hold.
OTCMarkets website indicates there is 11.8 million shares of FCCG outstanding, so that implies a value of about $8/share based on the IPO price for FAT.
If you are a dilligent investor, this situation might be worth your time to investigate.
It should go without saying, but do your own DD.