FBR 0.00% 2.5¢ fbr ltd

Another day, another video in attempts to prop the price up. But...

  1. 479 Posts.
    lightbulb Created with Sketch. 353
    Another day, another video in attempts to prop the price up. But it's not working. Buying has dried up, volume has dropped and holders are dumping shares. CR is matter of when not if. Even with reduction in spending, they are looking at less than $2m in the bank by September.
    We know that the display build won't happen until at least late 2020 or even 2021. With the current cash balance they just can't afford to pay Archistruct for the build. This means there it is unlikely there will be a catalyst to pump up the SP in the short term.

    At least they've started communicating with the shareholders bit more.
    Last edited by small_investor: 11/06/20
 
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