Another way to look at it: if Freedom sells its TC for half its value today, it can use its proceeds to pay off all its liability, all there is left is Current Assets @ $31.5m, what this means is that we now have a company trading below its net-net value, this is the famed approach by Ben Graham, where he would spend all day looking for these stocks without even knowing what their business is about. I truly find this company to be the most fascinating company in the ASX right now, either I'm completely wrong or Mr Market, let's see how this movie ends when acquisition is(?) complete hopefully before end of this year.
FIG Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
