Oh i forgot , the chinese reference ...Matt Ranawake one of the...

Oh i forgot , the chinese reference ...

Matt Ranawake one of the directors has links to China

A while back there was word that China Wahaha , the largest beverage producer in China, was buying into FRE for 51%

Some holders might be able to confirm what the situation is with this.

If it is Wahaha , then the following link may be of interest.

http://en.wikipedia.org/wiki/Hangzhou_Wahaha_Group

Note, they have a history of taking over insolvent companies.

Oh yeah, and about this Wahaha, they make beveridges not VOIP. No chance of any compatibility to take advantage of any tax loss.

And another thing, given that you can start a fresh, new public company for about $1M and control all the shares from the start why would they bother to try to buy 51% of FRE for about $1M and then have 1/2 the company owned by other shareholders?

If one of my investment advisors brought me a deal like the one you are suggesting above I would sack him.


You need to get another ramp angle, these ones are easily defeated with common business sense.