the algo pip trades pushing the SP down over the last few years could suggest a RL tax-loss strategy, but it does bring up more questions -
- If the algo continues after the cap-raise/ rights issue then we'll have our answer.
- what about RI's holdings - he wouldn't be happy to see his wealth-destruction from the above (even with the rights issue)?
- with a MC of $90m & 2. above & RL gone + new management, could we be heading for a delisting/ MBO by RI & directors?
- Share volumes/ liquidity in the past few months has been extremely low, contributing to SP swings. How will the new issue affect the SP?
- FLC cash position is still not clear (promises of orders on the horizon) & it's disappointing management have had to use Upwell to survive.
- No talk on China - replaced by refocus on USA (pre-china, USA was too hard due to the numerous WW utility companies in USA)
I emailed Melanie Leydin on a number of occasions recently for a T20 list but had no replies.
Sorry for the negative post, I love the FLC product offering & appreciate HC members here, but RL leaving at an all-time-low + this cap raise just asks more questions of FLC management.
Full disclosure - I sold at a significant loss a while back & have refrained from posting until today.
I would buy back in once things become clearer.
GLTA SH
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Mkt cap ! $150.6M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $36.94K | 262.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 83866 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.0¢ | 13288 | 3 |
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No. | Vol. | Price($) |
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3 | 83866 | 0.135 |
4 | 128012 | 0.130 |
2 | 74584 | 0.125 |
2 | 125000 | 0.120 |
1 | 50000 | 0.115 |
Price($) | Vol. | No. |
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0.140 | 13288 | 3 |
0.145 | 98984 | 3 |
0.150 | 381088 | 4 |
0.155 | 139849 | 3 |
0.160 | 135340 | 5 |
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