RE:RE:Ask … 1.7 m shares 1 - They can renegotiate the loans as lenders will always renegotiate to get some return instead of none. Bad for shareholders.
2 - They can't raise at current shareprice. That is massive dilution unless they only need a small to keep the lights on long enough because they know something is coming. Continued treadingwater bad for shareholders
3 - share consolidation followed by a PP. Lights stay on. Consolidations are always terrible no matter the reason. Bad for shareholders
4 - get bought for pennies on the dollar. Bad for shareholders
5 - nothing happens, lights go out, bankruptcy. Bad for shareholders
6 - some sort of magical white knight appears and gives FT money for free. Very, very unlikely but good for shareholders.
Time is running out fast now. December and taxloss season is coming and that is the least of FTs problems.
I am now hoping for any sort of pump over the next month so I can get some money out of this before it comes crashing down.
My initial position was not huge but still hate to eat the loss. I really feel for the longtimers here with large positions
GLTA
DYODD