APAC is the biggest problem for FFG share price IMHO. It promised to be (should be) the arm of FFG that would generate some revenues & offset ongoing opex of the company.
The last detailed APAC announcement promised a ramp up to 100% capacity as well as outlining decent profits even with Bitcoin around $6K USD.
But a lack of any specific updates for quite some time tell us they have missed the scheduled date for APAC to hit 100% capacity, and cash flow is also not quite what was promised. This is a big blow for FFG share price as it raises the risk of more CR required and rapid dilution.
Assets are only worth what you can liquidate them for. Cashflow matters more and if APAC doesn't run at a profit it really makes the FFG business model look quite poor.
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31 | 9331950 | 0.009 |
16 | 3343165 | 0.008 |
2 | 342857 | 0.007 |
2 | 416833 | 0.006 |
Price($) | Vol. | No. |
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