Ann: Freedom Completes Successful A$25 million Share Placement, page-7

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06/08/18

11:45

Post #: 34744308
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Originally posted by johnp12 ↑

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....

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I think a retail top up at 15c would go a long way to restoring my confidence. FDM are clearly very good at extracting and producing, but recent activity re financials does not sit well with anyone other than instos, who after today's announcement are already up by over 27%

FDM Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Ann: Freedom Completes Successful A$25 million Share Placement, page-7

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