they sold to Wah Nam in 2011. the share base was far smaller at...

they sold to Wah Nam in 2011. the share base was far smaller at just under 250M which is a fraction of what FMS have. FMS has been draw out far too long and have far too many shares in my opinion.
I remember we got $6 per share in 2011. A far cry from 2.5c. So do the maths.  how many shares do FMS have now?

http://file.irasia.com/listco/hk/brockmanmining/annual/2010/ar2010.pdf

AsAs at 31 December 2010, the Group had accumulated a total of 32,347,405 shares in BRM, for a total costof approximately HK$459.8 million. Such shares represented approximately 22.3% equity interest in BRM.These BRM shares have a market value of HK$1,253.8 million as at 31 December 2010. The investment inBRM shares was accounted for as available-for-sale investment. The fair value gain of such investment andthe exchange gain due to the appreciation of Australian dollars of HK$594.5 million in aggregate, net of tax,was recognised in the available-for-sale investment reserve in the balance sheet, thus no profit and losseffect relating to such investment was recorded. As of the date of this report, the Group’s relevant interestsamounted to approximately 28.05% of BRM inclusive of the acceptances on the ongoing Takeover Offers.As at 31 December 2010, the Group had accumulated a total of 40,934,400 shares in FRS, for a total cost ofapproximately HK$242.6 million. Such share represented approximately 19.9% equity interest in FRS. TheseFRS shares have a market value amounted to HK$291.4 million as at 31 December 2010. The investmentof FRS was accounted for as available-for-sale investment. The fair value gain of such investment and theexchange gain due to the appreciation of Australian dollars of HK$30.3 million in aggregate, net of tax, wasrecognised in the available-for-sale investment reserve in the balance sheet, thus no profit and loss effectrelating to such investment is recorded. Dilutive measures have been implemented by FRS, during February2011, approximately 40 million placement shares have been issued thereby enlarging the share base from205,700,890 shares to 249,398,565 shares. As of the date of this report, the Group’s relevant interests havebeen diluted to approximately 17.04% of FRS inclusive of acceptance on the ongoing Takeover Offers.