I also agree. Consolidations rarely work.
I have been involved in a few over the years & every one went backwards!
I do not buy the higher SP brings in new investors & gets rids of short term traders stuff.
Oxiana had billions of shares. Did not stop it going to the moon (6c to >$4).
FML management have shown us they know what they are doing. Some are bleating about the low SP atm. I'm comfortable allowing management the time to do what they do well. Run the business properly; deliver on promises/forecasts & the SP will take care of itself.
If you are an investor in these types of stocks, you need patience.
cheers,
ned.
consolidation, page-7
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52454 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2100 | 1 |
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