Ann: FBR signs MOU to establish joint venture with Brickworks, page-190

Hey Bdawg, respect to you too. I always enjoy reading your posts and find your enthusiasm for this stock infectious. Not your horse racing tips though.

My last post was merely challenging your reply to Braunic’s query about whether the agreement with Weinerberger was binding. You replied “yes, I hope so”. My understanding is that this is not the case. It’s niether binding nor contractual. It’s a development initiative that may or may not go anywhere. No commercial terms have been agreed and as such it adds plenty to the “FBR story” but little toward the company valuation; not at this point in time anyway.

I am not however dismissing the potential here, in fact long before the demise of the CAT agreement was announced I suggested that partnerships with brick companies might be a better route to market for FBR. https://hotcopper.com.au/posts/30999142/single

I really hope you get to world domination, I really do.
The skeptic in me however, worries that the Pivacs are beginning to become better marketeers than they are engineers.

GLTH