Once again the share price action suggests a cash raising is on its way to us. I had made the same comment a couple days ago, before the disappointing quarterly results were released. At this point in time it was the share price action ONLY that made me feel this way. Now since the report has been released we know FML is running out of cash FAST and the idea of a CR isn't as stupid as it appeared to be when we all expected FML to come out of the quarter with a nice profit and 30M+ cash in the bank.
As we learn today even shareholders of a company with 90M cash in the bank can not feel safe.
questions for the agm, page-34
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $2.95K | 21.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 99309 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 2647 | 1 |
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| Last trade - 10.02am 09/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |