The very recent CR , which was almost the "last rites" for FNT raised about $400,000 by the issue of almost 200 million shares at $0.002 each. Only the loyal and the brave would have bought into that CR.
All of those 200 million shares are massively in the green atm. However only 30 million MBN have traded today. So even though huge stag profits are available today, relatively few of those 200 million shares have been sold.
This implies that there are loyal holders out there or that holders see much more value in this deal for FNT than is manifest in today's FNT share price.
Loyalty or potential?
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.042K | 446.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8575500 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 18486611 | 26 |
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| Last trade - 12.02pm 12/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |