FBR General Discussion, page-815

Any idea when FBR will sign a binding contract?

I once thought the bushfires would see a government sponsored contract but that never happened. Now the east is underwater with once in 100 year floods I had hoped that we might see a Government contract building temporary accommodation and the likes, but we all know this won’t happen.

Why won’t it happen? Because the Pivacs are seeking perfection, not commercialisation. If you disagree with this fact then you have not been on this journey as long as I have.

True leaders would engage with the Government and say we can provide temporary accommodation and can provide it in record time. Perhaps a JV with Brickworks (I know the JV dissolved previously) for the sake of disaster relief. What a great publicity stunt for both companies! It promotes the HX and brickworks, and helps people in need. Sell it to the military and watch the share price jump!

Instead, the entire BOD have once again decided to sit on their hands and continue to refine the product for overseas markets. Another truly missed opportunity to get exceptional publicity.

Im still holding, albeit a smaller slice but look forward to the day the Pivacs realise that they need to bring money in the door and stop relying on cap raise after cap raise to fund their ridiculous salaries given the commercial progress to date, and out of align performance incentives. Grellman I’m still looking at you, you should be ashamed of yourself as head of the renumeration committee.