FBR 4.08% 4.7¢ fbr ltd

Ann: Trading Halt, page-240

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  1. 6,272 Posts.
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    Thankyou for an adult post mate. Its hard for some. I do believe in FBR too, but not right now. Buying 12 months proved they are nowhere near ready IMO, with covid alot of selling will come IMO

    If they were ready we wouldn’t have seen a diluting CR, we would have seen a binding contract or 2 that backs up debt instead. My guess is the CR had to happen because no bank will give them anything. Hence their obvious reluctant backtrack on the statement in their last announcement about limiting dilution.
 
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