OCO oriel communications limited

This is the relevant bit out of the announcement:The material...

  1. 623 Posts.
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    This is the relevant bit out of the announcement:
    The material terms of the Implementation Agreement are as follows:
    • Subject to the satisfaction of a number of conditions, the most material of which are listed below,
    FCP and TAL will invest $21.5 million into FCPB Investments.
    • In return, FCP and TAL will be issued approximately 980 million shares in FCPB Investments,
    equating to a 75% stake in the enlarged entity.

    980m shares / $21.5m = around 2.1c per share.

    I haven't really researched this company too much but on the face of it, it doesn't sound too good for current shareholders. What do they get out of this?

    cheers
    toscanunan
 
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Currently unlisted public company.

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