FGH 14.3% 0.6¢ foresta group holdings limited

Hi guys...who knows where this is going but I cannot imagine it...

  1. 283 Posts.
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    Hi guys...who knows where this is going but I cannot imagine it will hold at 3c...there will be a lot of retail selling when they re-list tomorrow.
    I suspect some or many of the insto's who paid much higher will wait some time and hope for them to hit their milestone. That is something that seemed beyond them before the lightning strike.
    They have guided $68M of sales once in production. My worry is that how does that translate into a share price when there will be over 2 Billion shares (fully diluted if we count options conversion)
    Originally they spruiked the ability to build multiple plants in multiple locations. I wish..but at this point it is hard to trust these guys.
    Still, I have a sh.t load of these shares and am nervous as hell but it would be silly to throw the baby out with the bath water until we can understand this thing better.
 
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3 2049999 0.6¢
 

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0.7¢ 250000 1
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
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