FBR 1.35% 3.8¢ fbr ltd

Ann: FBR & BKW extend Shareholders Agreement negotiation period, page-17

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  1. 65 Posts.
    lightbulb Created with Sketch. 54
    Hi T.E.P,

    Though this is an expected yet disappointing result, I think it was announced outside trading hours to potentially soften the blow to the Share Price. A non-material announcement is not required to be announced during trading hours.

    It will still be battered (2-3c drop) nonetheless.

    If FBR continue to extend MOU's without providing further information to retail investors, I will begin selling off my shares for a small profit and repurchase shares in 6 months time after the 'winter testing' is completed.

    At this point, I have SERIOUS lack of confidence in FBR management to:
    1. Convert anything into a binding agreement
    2. Inform retail investors of any other positive progress or news to soften these blows

    It's delay, extension, delay, extension. It's becoming a joke.
    Last edited by Burlzey: 20/03/19
 
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