FRX 0.00% 0.8¢ flexiroam limited

Ann: Flexiroam extends CEO's Employment Agreement, page-10

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  1. 4,774 Posts.
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    I get the feeling last week was a bit of a flush out of holders who may have concerns.

    The sell side got stacked and the share price fell on low volume. But a million or so got bought up on Friday before the sell orders disappeared.

    I seem to remember that guidance for FY23 was originally $7 mill, so the $8.8 mill is the one exceeding forecast.

    With the Mastercard payment due, sales from Emirates and others kicking in, and lower data costs, I am still hoping that cashflow is above expectation.

    My main hope is them landing one of the long lead time, larger deals to really gain market interest.

    I still feel $500k is too much, but I certainly can't fault Marc's transformational leadership and transparency. A rare combination alin the ASX.

    Milesy
 
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