it’s more a reality check that PET gave to investors whereby 100% of their capital was lost… with FLC whilst the situation is different, there is a scenario where a total capital out could eventuate … that is if Upwell call on their debt as there are breaches which are currently being waived.
if no capital can be raised, then we go into liquidation.
will that happen? I don’t think so. But it’s on the cards, and until they take that scenario off the table.. we may not see the re-rate, I think we deserve given the progress in the US.
Chart, page-893
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $140.5M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $84.54K | 663.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2193 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 116941 | 6 |
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| Last trade - 12.58pm 23/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |