This is a capital raise with Peak Asset Management. From a phone call yesterday my understanding is that they are giving business advise as well. They discussed that revenue needs to start happening asap. They also have networked with larger investors. Hence the 20million investment. Fbr shouldn’t be manufacturing it should be a 3rd party manufacture. Everything said by Peak was what this forum has been suggesting. Fbr need’s a business mind and I think/hope we have now got that. I’m wondering if anyone see’s a good way to buy in at .0045c cents a share. Considering the 20million placement is nearly double that??
Can mark now focus on the engineering side of the business.
With this should raise should I change my sentiment to BUY? They will have more than 2 years of capital to push out products.
FBR Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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