capital raising speculation, page-22

brilliant move by fms to raise $5m. this little exercise only increased the number of shares on issue by 7.5%. the share purchase plan could raise another $5m. share capital then, will be in excess of 1.4bn shares. mmmmm but that is a bit of a worry..

the asset that fms picked up from mxr, is a real long shot, but the number of shares that they issued, reflected the long shot nature of the deal. nevertheless, the market does not seem to be all that excited by the purchase- but then again, why should it, as it was not valued when it was held by mxr

sad, that the deal was only done (most likely) on the basis of bailing out a sister company

brilliant strategy by fms to try and raise about $10m. keep in mind, that it is the same people behind fms, as who were running mxr - and mxr was spending about $1m per month during 2008 - and at the end, had nothing to show for it