No trading yet but the symbol FRER is there and available.If the...

No trading yet but the symbol FRER is there and available.

If the broker stacking keeps the SP pressure upwards and you are not going to take up your right to purchase FRE at 1c you should consider listing your FRER rights to sell.

My short term forecast for FRE SP is sub 1c after the new shareholder snaps up the balance of their underwriting obligation. My reasoning for this is pretty simple. The SP will then be worth 1c and there are now double the amount of shares on the register.

Look at what ENG did last year, after Seven took most of the shares on offer for 3c the price has pretty much stayed clamped to 2c or less and ENG is a company with $20M in revenue and working towards break even. What revenue & prospects does Freshtel have? What reason is there for the FRE SP to track north of 1c?

So if you are not going to excercise your right to purchase FRE for 1c you should consider selling them now as you lose the option on 28th April.