FBR 0.00% 5.3¢ fbr ltd

Retail Offer is it coming and would I participate?, page-10

  1. 224 Posts.
    lightbulb Created with Sketch. 169
    I'm not worried about FBR running out of cash, but I am worried about what that's going to look like-

    1. Share issue and dilution of common shareholders.
    2. Some type of preferred issue to big players like Bechtel.
    3. Outright purchase of FBR for a lower multiple than can be achieved long term benefiting big insiders who then cash out and then enjoy lucrative "consulting" salaries and share bonuses with the acquiring company.

    I'd prefer-

    4. Garden variety line of credit from Australian or foreign bank (pick one.)

    According to the last annual report, I'm in the top 20% of shareholders...yet all my shares and the cumulative ownership of everyone else up to the start of senior management and insiders is irrelevant.

    We are along for the ride. 
 
watchlist Created with Sketch. Add FBR (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.000(0.00%)
Mkt cap ! $235.4M
Open High Low Value Volume
5.3¢ 5.6¢ 5.1¢ $922.1K 17.41M

Buyers (Bids)

No. Vol. Price($)
1 6423 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 613170 2
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
FBR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.