Don't get excited too soon..
Watch the number of shares issued every time the company draw a tranche...
The lender will be trying to push share price down to maximize their share allocations.
Watch this:
$100000 gets withdrawn then 5millions shares at 2cents(current share price) to lender.
but if the lender pushes the share price down to 1 cents,
$100000 will get the lender 10millions shares instead.
SEE FFG SHOULD HAVE SET A FLOOR PRICE TO PREVENT THIS GAME. They are not smart.
the company will end up having up to 2 billions shares in the registry by the time they draw the $10millions.
I really hope i am wrong.
Ann: FFG Secures Strategic Funding Commitment for up to AUD $10m, page-15
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.06M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $3.497K | 349.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 7865148 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 126353 | 1 |
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| Last trade - 15.42pm 27/08/2024 (20 minute delay) ? |
| FFG (ASX) Chart |