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
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Mkt cap ! $17.61M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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21 | 7798141 | 0.007 |
16 | 3543683 | 0.006 |
6 | 5751110 | 0.005 |
6 | 11511969 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
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0.010 | 16743840 | 12 |
0.011 | 6782818 | 5 |
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