Yes agree , there’s going to be a lot more dilution before this company brings in some worth while revenue , as I said before I sold at a loss bought others in the peak of Covid bought back into FBR , truck load at these low prices , now I wait . I did find my Eldorado already , bought WBT , a shit load at 1.7c 5 years ago , and bought another Shit load at 26c last year , sold 70% at $4.20 ! and I’ve still got a shit load in my SMSF this company has also no revenue just a product that is very much needed world wide , they also have a BOD worlds apart from FBR ! The CEO actually returns emails , has skin in his own company , froze all salaries and bonuses at peak of Covid unlike FBR . FBR I think at 3.5c for me is an absolute bargain and what ever happens I’m happy to sit for another 5 years before my next Eldorado , Management for me is the biggest worry for this company , I think they are sneaky , arrogant, greedy and are in it only for themselves, they have no skin in their own company which is also another worry , but I think HX is needed by the big boy’s (builders) (brick manufacturers) (Governments )(military) happy to hold till then , I personally think there’s a consolidation coming soon . Memory Semiconductors , AI , neuromorphic memory , is the next best bet , FBR is just a bricklayer that is needed by many builders and block suppliers and if successful will score a significant chunk of the world wide block market in the future imo . I’m very positive of HX but I’m also aware of the risks which are quite high , not because of the product but because of management , but nevertheless worth the punt Imo .
FBR Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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