FMS - "The Foundation Customer", page-80

travted2000, you are on the right track, Todd are not a very rich group in this context when compared to the other players in the iron ore space in the Pilbara. To give you an idea their total wealth equates to about $1.00 per share for all the FMS shares they do not own (about 1.5 billion).

Twiggy Forrest at Fortescue receives about that amount in dividends every two years so that gives you an idea of why Todd are playing the game the way they are. I expect the Board sold Todd the dream of being able to get all our shares for a steal but ran into a strong group of united shareholders who will not roll over and take a beating at the hands of corporate greed.

That said now is the time for Todd etc to get the finances in place to move FMS forward, if in fact they have that capacity, and get the mine operational asap and take us along with them as this is their only way forward given that we control the vote to approve any joint venture deals with BBIG (Todd are not able to vote on this due to conflict of interest).

The resolution to the current situation is relatively simple, extend the olive branch to all minority shareholders by the Board and Todd, do a deal that is in everyone's best interests and we will fully support it! After all is said and done isn't that a major part of the responsibilities of any Board, to act at all times in the best interests of ALL SHAREHOLDERS.