I just chuckle at the thought of BBIG losing the Rail License and the whole process purportedly needing another 5 years LOL. Under the current transaction there is no return for shareholders that I can see until at least some years after production IF AT ALL! So that cold be around 12 years or more IF AT ALL! So even if, and I think that a big IF, a new rail agreement had to be sought and it took 5 years how would shareholders be any worse off? With no upfront payment and no certainty this deal absolutely sucks IMO. I can’t believe that FMS have thought the current transaction worthy of putting to shareholders. What a waste of time and money, yes, our money. Once this transaction is soundly defeated I, and other shareholders, will be happy to offer FMS an acceptable way forward.
Now the usual disclaimer. I am not a financial advisor, there may be flaws in my logic or opinions. Do your own research and make your own decisions. Any corrections or comments welcome.
FMS Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
