Looks to me like just trader volumes pitted up against each other. Todays volumes look like the left hand selling to the right hand, lol.
There is certainly no compelling reason to buy this stock from an investment POV.
Freshtel will be gone in it's current form sometime in the next year. If it continues to trade it will be in the hands of a new owner not the current shareholders.
It has just 3-4 mths of cash left at the current cash burn of $300-$400K PM and will soon draw down on the $1M Custodial loan, then when that is spent how will they pay Custodial back?
In FRE assets, you just watch. This is game over for Freshtel.
FSG Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held
