nfa/imo only:
I think it's important to not form an attachment to a company and there's plenty of companies on the ASX which are managed better than FBR in terms of shareholder benefit, the sharemarket is for strategic investing / making money, not sitting on a company for nearly 10 years that has only gone backward in terms of communication and value to the shareholder, you have to be willing to change course and find somewhere better for your money, the all ords even went up 50% in that time (understanding specs is a diff game).
I think you kind of answered your own question, but why flog a dead horse trying to overturn the majority holdings and rock the boat when you can just invest elsewhere, that's the beauty of the sharemarket, it's so liquid and none of us have some obligation to stay with any one company, should be just keeping money in the most likely places.
The tech is good and works and can/does reach compliance, but if you're going to list a company publicly then you need to communicate well and make decisions that are also to the benefit of shareholders and be valuable to the industry. It's not just about the product. It's one product that's been known for some time now and the world is always evolving, something new and better will always be developed eventually.
The moment Cat were off the table, ala the small guys wanted to play with the big boys pre justification, that was the moment of caution, and look where we are since in terms of value to the shareholder, still waiting patiently hoping a rabbit is pulled.
Disclaimer: I haven't held FBR for a little while, took a loss, but recently grabbed a very tiny position at 1.9c for strategic purposes only.
PS. This forum is so negative, a tough read from both sides after going through a couple recent posts. Better places to be and so far better investments to be had.
PSS. The share price could go bonkers tomorrow and everything could come to fruition, I've got no idea.
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