Reduction in management costs.
Last 4C reported $4mill cash in the bank. Deferred (overdue) revenue to accounted for in the upcoming 4C. $1.8mill rights issue.
New substantial shareholder on board.
Licensing strategy underway.
Perhaps a turning point for FRE.
Waiting for the next 4C to confirm. At these current prices though FRE would have to trading at or close to cash imo
Cheers,
The Sparkler
tradeable rights issue asx code: frer, page-29
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