They were too top heavy. Global ceo/ Australian ceo is just ridiculous. It just fuels Mike’s ego and makes him feel special. They weren’t concerned about the rising expenses as Mike mentioned at the roadshow,they don’t expect investors interest to stop and will continue to fund them. Guess noone could have foreseen covid-19 at the time but prudent thing would have been to keep things lean until the convent was proven and had solid business deals in place. It was premature for them to expand as they did.
Ann: FBR Strategy Update, page-142
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $177.2M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.7¢ | $150.1K | 3.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 631977 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 771687 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| FBR (ASX) Chart |