Just received another last and final e mail from Secrett at ASX ( his quote ) They believe there is no FMS commercial agreement with BBIG in the WA State agreement. Strange, that BBIG intends to build a railway straight into FMSs PIOP tenement and the ASX cannot see any conflict of interest between the parties (
commercial agreement). Trust ASIC has a different interpretation next week but in the meantime,it’s interesting to see the top 9 shareholders ( forgetting No 1 ) are not dumping as only very small parcels are being sold. Perhaps their excited at owning 25% or more of FMS when delisted ( depending on the 10% buy back acceptance) who will need their approval by special resolution for any Todd/BBIG/FMS or any other Todd company related parties to enter into any agreements without their approval, which of course doesn’t allow Todd to vote as per the Corporation Act.
Just my opinion, don’t take as advise.
FMS Price at posting:
4.4¢ Sentiment: None Disclosure: Held