Sorting the capital structure out, so that existing shareholders can see where the value add is going to come from, is becoming something of a priority. I doubt Seuss will be the last to dump his holding.
People understandably start to get nervous when Firestone are about to issue a further 868m shares, without raising a single cent for them to accomplish their targets.
That's not sh8t canning the stock, the story remains a good one, but that's the reality of a current lack of funds, combined with overblown capital structure.
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im out, page-5
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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