I'm interested to know what your definition of filthy rich is? What multiplier of the current price do you need to reach this goal?
The machine works. It can build. The price was supposed to be 20-30c on proof by now. Yet it's stuck at 5c.
$119m market cap with 2bn shares on issue. Three years ago the SP was 25c with only 670m shares on issue (mc of $170m).
The dilution has really killed any chance of this going gangbusters. In your wildest dreams this becomes a billion dollar company and shares are worth 50c. Without the dilution shares would be worth $1.50.
I expect more very heavy dilution in the future as further management share grabs occur as well as raising to build more machines.
If being filthy rich is your goal there are better options that need less to go right than FBR. There are just too many shares to split any gains with.
FBR Price at posting:
5.6¢ Sentiment: Hold Disclosure: Not Held
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