FRX 4.55% 2.1¢ flexiroam limited

Ann: Quarterly Update and Appendix 4C - March 2022, page-19

  1. 4,283 Posts.
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    I am concerned by the lack of liquidity.

    No big fund can buy in here. And lets face it, funds are the only way to get share prices moving.

    If a fund decided to take a position, they would want a decent position, like $100K or 2.5M shares at least, then it would take the share price off the charts. If they wanted a 200K position it would take the SP to 10c !

    There needs to be more shares to buy and more buyers to buy when they want out, to attract a fund managers interest. Liquidity.

    There are 609M shares on issue and the top20 hold 340M of them, or 68% but no one is selling, which is a good thing.

    But if I wanted a million shares, it would take the SP to .049c and sell a million it would drop to 2c !

    Just not an option for a fund.


 
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