Admire the optimism here. Will be interesting to see the mechanics of this deal. One thing I lack confidence in a positive outcome is the CR will be large, with a bucket load of shares on offer, and at a discount price. Probably 2c-2.3c. Given there has been little WAP in recent months. Then the inevitable dilution. 198m shares on issue at present Market Cap $5.5m. Was at a Market Cap of $59m a few years ago. So they will increase there Market cap on aquisition. Need to grow sales. Pretty simple. If this deal is a good one then who knows.
FIJ is not flushed with $ to make acquisitions with cash they dont have.
Fin year results in, $5m loss and growing. Accumulated losses $20m! Revenue $2m
Just being a realist, been watching small caps for years. SP been sitting at 2.7c to 3c since July
Rinse & Repeat process of CR's to stay liquid. Nature of the game
FIJ Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
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