FPL 8.33% 0.7¢ fremont petroleum corporation limited

I smell bad news, page-48

  1. 15,774 Posts.
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    Fair enough Orion
    I get the fact you invested with full knowledge of the risks. Can I ask on what basis did you place any value of the management . As far as I can tell they haven't had any success historically. See when I spoke to them I while back he told me debt was not an option due to previous experience, a few weeks later they had an ASX announcement out that mentioned they were pursuing a debt package. Very hard to respect that kid of stuff

    The other point I would make is most shareholders believed they were investing not gambling and the company announcements created a perception of an investable company
 
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