FDM freedom oil and gas ltd

Ann: Successful completion of placement , page-20

  1. 5,893 Posts.
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    Huge capital raising at a yearly low price, primarily to pay wages for 'talent'. That's always a bit concerning, but to do this when apparently Yeager has a magical plan he will imminently release... it doesn't add up. If he has this wonderful plan, why not show everyone, increase the share price, *then* raise capital to fund it? If I hadn't already suspected Yeager was nothing but hot air I would be now. Wasn't Yeager himself supposed to be the messiah? It's not like MAD hasn't already poured a heap of money into him, and before he has done anything other than tell us he plans to make things better, he raises more money to hire more talent...

    I can't help being reminded of BCC.
 
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