FIJ last week raised $750k. The company is consistent in generating a $600k + growth cash per quarter. My estimate closer to 3 or 4 quarters since the 4c announce.
There is also itaukei / Fiji govt cash injection outstanding that has been discussed in CEO videos multiple times.
My thoughts - the company is doing everything possible to avoid cap raise / dilution. Especially at this low point in price when there is so much in pipeline.
Don’t forget Zane yoshida is founder and largest shareholder in FIJ - would hurt him way more than any of us.
New CEO doing a good job. I am positive patience will be rewarded soon.
Ann: Appendix 4C - Quarterly Activity and Cashflow Reports, page-14
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