I also received an a reply from the Chairman, which made no attempt to address the list of questions that I asked concerning the justification and method of the raising, the continuation of trade while the market was uninformed, and the lack of a CFO since the departure of Howard Selzer.
I'll be voting "NO" at the EGM, unless they offer a retail top-up at the same price. A hollow gesture, presumably.
ASIC also received a complaint from me re the suspect trading on the Monday and Tuesday of last week. No idea if anything will come of it, but Morgans have had a couple of run-ins with them over the past few years, and so they may be on the regulator's radar. And given the connection between Morgans and the FDM board....
FDM Price at posting:
19.0¢ Sentiment: None Disclosure: Held