FIG 0.00% 2.0¢ freedom insurance group ltd

how low can this go?, page-238

  1. 163 Posts.
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    They bought at 70 cents down to 36 cents, with an average price of 51 cents. That means as of today they're down 81%, that's $2.56m remaining out of $13.75m investment, talk about gut wrenching. They're probably either taking a "wait and see" approach when the new business model is clear because Steve still believes in the TC (after all, they're still holding on to Thorn because its trading @ 50% of its NTA), or today they've simply decided this business has no future at all and decided to dump. If it was the later, I would imagine they would've done it around 30 cents before the RC commenced, and not after.
    Last edited by ReXXar: 19/09/18
 
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