Pinned straw:
I note on Linked in the videographer has just moved on from FBR, maybe the promotional videos will be decreasing
So not great news for existing FBR holders:
Thursday, 27 March 2025 – Robotic technology company FBR Limited (ASX:FBR; OTCQB:FBRKF) (‘FBR’ or ‘Company’) announces today a two-tranche institutional Placement (“Placement”) to raise approximately A$6.3 million, comprising the issue of approximately 628.3 million shares at a price of A$0.01 per share.
FBR has received firm commitments to raise A$6.3 million via a placement at an issue price of A$0.01 per share. Placement received support from Australian and international institutional investors.
So massive dilution of share value, offered direct to institutional investors with the average punter shareholder shafted. I didn't receive any offer to pick up discounted shares.
Looks like the 'bricklaying business' is now out of vogue, and now it is vague application of 'intellectual property' as a 'world leader in stabilised long boom robotic delivery systems' :
"We are increasing our focus on developing adjacent applications for our technology to leverage our extensive intellectual property portfolio, aimed at generating faster returns for shareholders. FBR is establishing a workstream of more traditional paid technology development services with the intention of manufacturing and licensing the end-products. FBR has become a world leader in stabilised long boom robotic delivery systems. Recognition of FBR’s expertise in the area has generated opportunities to utilize its existing knowhow and technology to develop bespoke solutions for leaders across global industry. FBR aims to increase focus on developing adjacent applications for its technology to leverage and expand the footprint of the extensive IP portfolio and generate faster returns for the business. Work completed on boom delivery system, autonomous shuttles and metrology solutions tailored for outdoor robotics can be quickly applied across industries".
Allegedly this is to 'accelerate revenue generation', I won't be holding my breath. Hopefully my healthy cynicism is misplaced and they become some sort of robotics R&D powerhouse, but that isn't the business they purported to be in when I bought in.
Maybe we could get someone from FBR in for a Meeting and 'Put them to the question', if anyone were actually interested.
@lastever yeah mate, I'm the same, I love the idea of the technology, particularly with the state of Australia's building industry and dearth of tradies, but I wasn't stoked to see another capital raising. I'm in a hold and see pattern now IRL, with FBR but my optimism is fast fading.