I agree the funds were going to be needed (hence my thoughts the...

I agree the funds were going to be needed (hence my thoughts the other week), and also that FRE is not very liquid. This is why I had the thought of 25c raise. Simply because if I were wanting to get my hands on 1m shares it would be rather difficult to do on market, so would happily pay a small premium in a placement and also change the sentiment of the other holders.

If I was buying and FRE asked me if I wanted 500k shares for $75k, I would jump at the offer, so I can't fault any of the investors that took it.

Even though the investors may be sticky hands, I still expect the SP to drop to at least 15c.

I don't have anywhere near the holding I would like so will still sit on the sidelines until there is the buying opportunity I'm waiting for.