Nice end to the week. Bad news now out of the way (at least for now) and hopefully IC receipt will be in next quarter, along with other positive announcements.
Others obviously saw the announcement as a house keeping necessity and now out of the way, returned on the bid, resulting in the share price being supported through the day, such that it closed where it opened, and on increased volume. I personally felt the announcement had undertones of frustration from management that they couldnt get the IC receipt over the line this quarter, and that they are so so close to dotting all the i's.
I take the outcome of Friday's trade as a positive from a technical viewpoint, and on the weekly chart we closed out the week at the same price we started the week, 26.5c
FLC Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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