FBR 4.08% 4.7¢ fbr ltd

Ann: FBR completes $4 million placement, page-21

  1. 402 Posts.
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    Death by Dilution at its best. With a little effort, the share price would not have broken down as bad as it did, and the share registry would not be as bloated. Excessively paying themselves, share grabs, close to zero comms, no regard for the welfare of their shareholders, I can go on and on! I am starting to think this company is led by covert narcissists. Come to think of it someone once mentioned the Pivacs never wanted to be public listed in the first place, their hands were forced when they couldn't get the funds to get their idea off the ground. As a result they might have this disdain for shareholders, and likely regard the same shareholders as leaches out to make money off their invention.

    Great tech it is I have to admit, just this covert narcissism that I think I am seeing
 
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