Ann: Results of Meeting, page-3

Got no problem will selling an asset well above book value.
It demonstrates the underlying true asset value of the business, and avoided a capital raising that would probably have been at a discount.
FRM is getting into interesting territory in terms of valuation, especially given NTA of 40+ cents per share (mostly backed by property).
Question is are they going to bleed cash for some time yet or are they able to turn this around?
There's not a lot of positive news in the report.
Everything seems to hinge on the success of the new "value add" strategy.