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Brooge warrants cancelled

02/13/23 2:22 PM

#748322 RE: rantomac #748321

ask #2 donkey
branford
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JOoa0ky

02/13/23 9:13 PM

#748362 RE: rantomac #748321

Current owners of FnF:
- 20.1% legacy commons
- 79.9% GOVT warrants

Owners of FnF owe 200B and need to raise another 200B-ish. They got no money so what do they do? Sell their dog and the house.

Govt's SPS will dilute the legacy commons AND their own warrants.

All this talk about dilution? Can anyone explain how commons would be diluted without the Gov's warrants being diluted as well? If my memory serves me, they have warrants on the CURRENT stock not any new issue! Oh....the big offer at .49 will be bought soon, imo. Stocks can't go up without sellers!