The real question here Anks is will this be before or after the next credit raise? FBR are burning cash at an alarming rate, and there is no sign this will change anytime soon.
World economic conditions are on a knife edge atm, and FBR have not provided any guidance as to the future sustainability of the company in this latest report, something noted by the audit report.
I hold in the hope that Weinerberger will throw their hat in the ring, but it seems they will be content to sit on the sidelines for the immediate future, at least until the HX vision issues have been fully rectified and the WAAS model validated by third parties.
The next 6-12 months will be critical and Mike needs to step up and land a deal with WB if FBR are truly going to survive going forward.
BTW a capital raise at these prices will see the dilution of the share register that will put an end to the retirement dreams of many, and no doubt a consolidation will be called for at some point, which generally does not go so well.
The next six to twelve months will be telling IMO.
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