Management buyout at these levels is definitely a possibility, with only about $25m of free float not held by Matt and Simon.
But if that is their thinking there is no real reason not to let the share price fall into the teens. It's not like their reputations will be different at 24c vs 15c.
The only real spark of light is the speed of price falls has slowed.
Very hard to see a rebound any time soon, and I think there are more promising investments that have been beaten down just as much.
Hopefully, something will emerge from left field for holders.
share price, page-21
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.91M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $27.76K | 154.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27521 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 35000 | 1 |
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| Last trade - 15.48pm 27/06/2024 (20 minute delay) ? |
| FLN (ASX) Chart |