I see FMS had funds of around AU$3 million as of 31st of December 2016
The cash burn rate seems to have been reduced to about $700,000 a quarter which means FMS should still have around AU$2.4 million at the end of this quarter
It does not matter what FMS shares are selling for unless you personally want to sell, as none of the that money goes into FMS (if one shareholder sells to somebody else)
What matters is how much FMS can raise themselves by issuing new shares, hopefully the next Capital raising will give FMS much more in way of funds to move forward on their own if they wish to
I was a shareholder for quite some time, I really want to see all shareholders especially the long term shareholders get a decent return on their investment. I suppose 8 cents is a better result for some, I sold out at 30 cents during the MMK fiasco
All the best
Iamironman
FMS Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
