Who cares? You wheel this one out periodically. If you don't like my analysis feel free to ignore it.
MB "ploughs" money into this stock to prop up the SP. He doesn't buy when it isn't tanking and stops buying once he's convinced everyone to stop selling under a certain level. He's let parcels at 0.23 go untouched for weeks. A couple years ago he apparently "knew something we don't" and bought the stock at 0.37 - the same guy who isn't picking up that parcel at 0.23.
He's probably still got plenty of play money left over from his massive and convenient insider sales at the peak. You know, back when all the instos were "begging" FLN to increase the size of the free float (not, say, by issuing more capital and raising money for operations, but by making MB and Darren Williams rich).
He's propping up the magic number. I don't know whether he thinks this will help when FLN needs to raise money or exit, or whether it's just a matter of ego. It will be interesting to see what discount FLN shares wind up selling at when it's a case of someone having to put real money in.
- Forums
- ASX - By Stock
- Ann: Silicon Valley Bank Update
Who cares? You wheel this one out periodically. If you don't...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $83.41M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $2.009K | 11.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16436 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 287617 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16436 | 0.185 |
1 | 16115 | 0.180 |
2 | 173777 | 0.170 |
3 | 39810 | 0.160 |
1 | 33901 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 287617 | 3 |
0.210 | 21810 | 1 |
0.215 | 13000 | 1 |
0.230 | 490 | 1 |
0.240 | 4166 | 1 |
Last trade - 15.44pm 14/10/2024 (20 minute delay) ? |
Featured News
FLN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online