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2.0¢ freedom insurance group ltd

Need to factor in class action risk as well..... If STA acq does...

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Mkr

2,156 Posts.

65

08/11/18

15:23

Post #: 36435391
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Originally posted by ReXXar ↑

I agree, the last 3 days it seems someone is placing iceberg orders of a few hundred thousand shares every hour or so, certainly different price action compared to the days before, guess I came back from holidays 3 days early lol

For your sake I do hope it reach 0.045, although it seems today the person has stopped selling. It could be any of the management, a lot of directors are founders of FIG and still have plenty of share from the IPO. What I don't get is this, this stock is obviously selling far below liquidation value, why would anybody sell at this level?? I mean people are still debating the value of the trailing asset like it matters, at this price its also worth 0 anyway, for goodness sake its trading less than cash per share! I would buy more but unfortunately I run out of funds.

Will you be attending the AGM? I won't as I work overseas, but I certainly someone here goes and keep us updated.

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Need to factor in class action risk as well..... If STA acq does not go ahead then FIG is worthless...
Not a worthy punt at this point in tome given the risks and may be a value trap IMO

FIG Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
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