- Private co optioned property to FED
- FED directors consisted from both of private co directors and independent directors.
- There was somekind of dispute and private co directors used somekind of loop hole in the option agreement to postpone transfer of the title to the property for 10 years.
- Independent directors left.
- Investors deserted FED because of their lack of ethics.
- private co needs to renew the license soon with the government, and some investors are in opinion it may fail because of the current situation?
- Private co directors want to transfer the title to FED or amend the option agreement, but their terms are unknown. Investors have hard time understanding why they have any terms, because FED was supposed to have secure license to begin with.
- Nobody really wants to deal with these fellows anymore.
Any other perceptions?