The threshold has clearly moved from 50c. It seems to happen on sharp declines, especially when the SP gets near a new minimum. If there was a decline to, say, 17c (which, to be clear, I think is undervaluing FLN) we might see the MB/SC put. Although sometimes I wonder whether the end-game is to let the SP decline, line up 90% of insider holdings (MB/SC plus cronies), take it private and relaunch on another exchange, or just break it up and sell off the pieces, or a bit of both.
The threshold has clearly moved from 50c. It seems to happen on...
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.16M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24855 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2150 | 1 |
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| Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
| FLN (ASX) Chart |
Day chart unavailable