You Fred fan boys have for years believed that Fred and his rich mates have fully funded this company. You use this belief to firm your conviction that this company must be going to succeed.
While as an individual investor Fred has the most to lose, you suckers have indirectly provided the majority of funding.
Right now Fred is into this to the tune of around $12mil.
Freedman maybe around $7mil.
Maybe $2mil from some others.
The balance of the $60mil spent so far has come indirectly from you.
If it folds now I would imagine Fred might feels some pain. Will his lifestyle be significantly affected? Probably not.
How about you?
Or maybe Fred will tip in another $2mil to double down on his original bet ? How bad is his gambling addiction ?
If he wants to keep this going he will have to. He can't get money from anywhere else. ASX has shut his funding game down.
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