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$1.17 flinders mines limited

Hi Docmin, agree 100%, you put words and facts together far...

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travted2000

1,481 Posts.

42

24/12/18

14:00

Post #: 36952509
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Originally posted by docmin24 ↑

Guys feel for most of you, some on here where unfortunately so misguided and over optimistic imo. Such a terrible story, even though I sold out a while back, trust me I am not gloating here as I have many close friends in this stock and told them to get out during the 8c period. Way too many clear warning signs surfacing with this stock. I bought in from the start but could see the writing on the wall of delisting and Todd getting all eventually. This stock was never going to production said this many times, some here just never got the consequences once Todd shown interest, especially when board denies all those leaked reports of Chinese/BBIG etc and told holders to sell at 2.5c disgraceful imo.

The big guys rarely ever lose once they start their stealthy but legal take over process and they were imo never going to carry holders when the boards make up is basically Todd and increasing holdings. Once over 50% good night the fox.The brutal fallout of business guys.

A couple of years ago posted a detailed process or trigger points and a guideline on here of all the risks once Todd kept acquiring. Many posters appreciated my comments sadly many also thought I was full of it. I made it very clear that we had to spill the board while we had a chance. Shame many holders didn't support and along the way they never voted and still don't vote. OCJ should have stepped up but didn't. I was always not confident with them.

What a terrible state of affairs and the board still get paid unbelievable imo. All company boards have to do more for the retail holders not just keep raising money from holders to keep lights on and then sell holders down the road. I am very critical about this company.

To be honest too many holders on the register have let holders and themselves down and unfortunately the holders left will suffer imo now.

Reading this report is just one way lip service, I could pick it too pieces but the fact resolution requires over 50% why bother, many on here see this report as just that.

From my experience for what it's worth ASX/ASIC complete waste of time but feel free to vent cost nothing. Sorry to say it guys but the vote will pass and once Todd do as I said a few months ago and do loan big $ this company, it will end up in administration in any case look at EGO and Todd will get all anyway. Todd will certainly want payment and with just over 20% holders now unlikely to repay loan. IMO Todd have a team of lawyers, the board and BBIG/Chinese all working from the start to Take Over FMS. Holders have absolutely no chance now imo, too little too late, sorry to say it guys but it's the fact.

IMO holders have waited way too long to fight or change this now, so you all have some thinking to do but venting your anger etc will achieve nothing. As I said just wanted to post from experience and lost big time before $1/2 Mil and understand the process well. Try and have a good xmas with family, it's not the end of the world it's just business and until ASX/ASIC clean their acts up and force company boards to look after their retail holders better this cycle will never change. Good bye all and again feel for you! Might see some of the wonderful posters again on other stocks. GLTA.

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Hi Docmin, agree 100%, you put words and facts together far better than I, you like myself have done a bundle on this stock, I will hold till the ball falls one way or the other, I must say at least I did not “sell out” at .04c like some on here and then come back when things improved, my big question is if Todd do NOT get their 10% where does it leave the boards position with ASX, my best bet is hold, but everyone makes their own decisions, merry XMAS to all and stay safe.

FMS Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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