Share
292 Posts.
lightbulb Created with Sketch. 33
clock Created with Sketch. 02/04/24
11:10
Share
Originally posted by RedHammer
↑
Instos still won't touch it due to the low free float. Of the 135M on issue, the founders hold 50%, Perennial hold now just under 10% so that leaves about 50M to 30M free float as this thing is just too thinly traded. There has even been a 1 share sold day!!! Many Instos need a significant free float for them to even bother getting their clients onto it without moving the market and its just not possible at this level. That leaves only 2 options. Instos will push the Founders and or Perennial will have to sell down. Or the management will issue more shares and dilute the entire register via a capital raise. Both are bad news for shareholders.
Expand
Reminds me when at Microsoft's own shop in Kathmandu in the late 1990's, the staff were selling pirate copy Windows and Office under the counter.
(20min delay)
