Silly Inc recently double the holdings of FR in portfolio. The Average price is 77 cents including costs. The board is in the view that default risk by Lippo K (Biggest rental income customer 87%) is non-existence, since the rights exercise by Lippo K (yet to materialize) However, since then, First Reit has been falling from above $1 to the low of 93 cents recently. All the known risks have been reduced, yet FR fall instead of rise. Lets visit the risks: 1) Execution of Meikarta Project by Lippo K (Top management did not get indicted, and there is no adverse updates since then) 2) Default Risk (Almost non existence now, if they raise the fund like they say they would. 1 billion would have wiped off all the loans the parents company had, but of course, 200 mio will be earmarked to develop Meikarta 3) 2021 lease renegotiation to be in Indonesia Currency instead of...