Faith-Driven Posts v Evidence-Based Posts

Dear all,

Sorry to be completely blunt, but as an interested outside observer, I think it is fair to comment under the hope that it will save at least a few individuals here from losing a potentially very large sum of money.

It appears that there are a plethora of individuals here who are religiously backing FBR and believe (hope) with all their heart that it will make them a fortune.

I'm concerned with the track record of this company (15 years without commercialisation of the product) and the finances of the company (extra-ordinary cash burn) that will lead the company to liquidation at this rate.

@Connectthedots is providing an intelligent, factual and empirical-based view of the company. He is not attempting to down ramp but rather educate the crowd on the realities of what is evolving with this company. In the somewhat likely scenario that this ship eventually dwindles to a $10m market cap (company shell), please don't say that you weren't warned by @Connectthedots.

From the buy side, I think @Few Pennies is one of the only reasonable posters. Few Pennies has an appropriate allocation of funds in FBR, which is 2% of his portfolio. This is prudent capital management by an investor. Ultimately, FBR is a speculative, risky company which is yet to commercialise its product.

Allocating 2% of the total portfolio is prudent because although there is a small chance of success, the evidence of decades of listed ASX microcaps tells us that the vast majority will fail and in these instances, your money will be lost. I personally prefer to invest in microcaps which may be cashflow negative, but importantly, have growing revenue streams. This lowers your risk substantially.

Good luck to you all, I hope 2020 is a successful one for FBR because I would love to see an Aussie success story.

All I ask is that you take heed to the words of @Connecthedots. Argue with him if you wish (i.e. @NoGtsNoGlry) but carefully look for the difference between religious faith-driven support on the buy-side versus commercial nous and business judgement from independent non-biased individuals.

Hope everyone has a Merry Xmas.

Cheers,

T.E.P.