interesting..., page-5

Standup,

FRE have got themselves in a position where they have 3 options:

1. Continue with loss making business and seek finance from shareholders to continue running
2. Offload business and close down operations returning any excess to shareholders (minimal)
3. Offload business and seek new opportunity probably with rights issue to fund

IMO option 3 presents the only realistic scenario where FRE are going to increase the SP.

The goings on referred to in my earlier post indicate that option 3 is very much in progress.

There are a number of examples of shell companies seeking projects or with recently announced projects that have a substantially higher market cap than FRE. It is on this basis that I am punting an admittedly small amount on FRE increasing their SP with the announcement of a new project.

Examples include: SLT, EEE, ECE

Basically it will all depend on the project but for me the risk/reward equation is worth it.

Hope this clarifies my thoughts.

As always DYOR.