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Why would Marc put in all the effort he has to get this thing...

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eieio

3,770 Posts.

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02/04/23

20:51

Post #: 67092952
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Originally posted by milesy ↑

I get the feeling last week was a bit of a flush out of holders who may have concerns.

The sell side got stacked and the share price fell on low volume. But a million or so got bought up on Friday before the sell orders disappeared.

I seem to remember that guidance for FY23 was originally $7 mill, so the $8.8 mill is the one exceeding forecast.

With the Mastercard payment due, sales from Emirates and others kicking in, and lower data costs, I am still hoping that cashflow is above expectation.

My main hope is them landing one of the long lead time, larger deals to really gain market interest.

I still feel $500k is too much, but I certainly can't fault Marc's transformational leadership and transparency. A rare combination alin the ASX.

Milesy

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Why would Marc put in all the effort he has to get this thing off the ground, only to walk away with the job unfinished. He strikes me as someone who cares about the company’s small shareholders. I reckon he is worth every cent of $500,000 p/a plus incentives. And the directors know it.

Last edited by eieio: 02/04/23

FRX Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.7¢		Change 0.000(0.00%)		Mkt cap ! $20.18M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	195868	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	249999	2

View Market Depth

No.	Vol.	Price($)
2	195868	0.024
2	373857	0.021
2	350000	0.020
1	55000	0.018
1	35000	0.015

Price($)	Vol.	No.
0.027	249999	2
0.029	88746	2
0.030	138078	3
0.031	15294	1
0.032	421221	1

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