Potential Class Action - discussion, page-161

This week is looking interesting. I am expecting quarterly announcement this week if not early next week. IMHMO, what FBR does in the next 2 months will decide FBR's fate. Quarterly should give a better insight into the state of the company's bank balance. I hope the management can also give the shareholders more in-depth strategy and plans for the next 9 months. Failure to do this and failure to take additional steps to reduce spending (directors pay cuts), SP will tank and won't be able to recover.. Another factor is that we are looking at another CR within the next 6 months. From memory, FBR only had 16m in the bank ending December. Which mean's they will be needing to raise additional capital come middle of the year. If they don't release something positive in the next 2 months then we are looking at CR the current level or lower. As we've seen in the past, SP will fall below the CR price shortly after to a level where they can't come back from.

SP reversal, up or down, will be sharp. For all our sake, I hope FBR can come through and SP can recover to 5+ cent range.