the stock is now in freefall and I personally do hold Management accountable for the lack of transparency here even to the point of this being a breach in ASX or ASIC guidelines which imo, is unforgiving.
does this also play a part of change in guard at the top? who knows but clearly the chart shows that likely many knew about these issues since the 5th of this month which shows the larger volumes and relentless selling.
I dont wish to now down ramp but given such issues this stock has $1.50 written all over it, and imo, it will be lucky if it can hold that.
also called the company today and was also saddened about the lack of transparency or disclosure along with phone numbers on their website that don't work but plenty of recipe's for making an omelette along with some agreement for investors to click to only get news from last year & as too and no actual directors or management to offer explanation because they are simply not there!
however, what information I did get was that there will be an agm in about 2 months time which to me now serves no purpose except to say anybody attending that should actually GRILL management completely, no excuses!!! imo
FRM Price at posting:
$1.69 Sentiment: None Disclosure: Not Held
